UK New Car Registrations Rise On Heavy EV Discounting: SMMT

UK Shop Price Deflation Slows: BRC

UK shop prices dropped at a slower pace in November, signalling that shoppers are set to face rising price pressures, the British Retail Consortium revealed on Tuesday. The shop price index declined 0.6 percent on a yearly basis in November, slower than October's 0.8 percent decrease. Food price inflation softened to 1.8 percent from 1.9 percent in October.

RTTNews | 3 dias atrás

UK Retail Sales Fall More Than Expected

UK retail sales declined more than expected in October as consumers reduced their spending on food and clothing, data released by the Office for National Statistics showed on Friday. Retail sales dropped 0.7 percent on a monthly basis in October, in contrast to the revised 0.1 percent rise in September. Sales were expected to fall 0.3 percent.

RTTNews | 7 dias atrás

UK Budget Deficit Exceeds Expectations In October

The UK budget deficit exceeded expectations in October and hit the second highest October level on record largely reflecting the increase in debt interest payments. Public sector net borrowing increased to GBP 17.4 billion from GBP 15.8 billion in the previous year, data from the Office for National Statistics revealed Thursday.

RTTNews | 8 dias atrás

UK Inflation Accelerates More Than Forecast

UK consumer price inflation accelerated more than expected in October, lowering the chances of a rate cut at the upcoming monetary policy meeting in December. The consumer price index rose 2.3 percent on a yearly basis, following September's 1.7 percent increase, which was the lowest since April 2021, the Office for National Statistics reported Wednesday.

RTTNews | 9 dias atrás

UK Economy Logs Meager Growth In Q3

In a blow to Chancellor Rachel Reeves, the UK economy grew only marginally in the third quarter on weaker growth in services output, data from the Office for National Statistics revealed Friday. Gross domestic product grew 0.1 percent sequentially, following growth of 0.5 percent in the second quarter and was also weaker than the forecast of 0.2 percent.

RTTNews | 14 dias atrás

UK Jobless Rate Rises; Wage Growth Slows

The UK unemployment rate rose more than expected in the third quarter and wage growth softened, adding pressure on the Bank of England to cut interest rates further. The unemployment rate rose to 4.3 percent in the September quarter from 4.0 percent in three months to August period, the Office for National Statistics reported Tuesday. The rate was seen at 4.1 percent.

RTTNews | 17 dias atrás

Bank Of England Cuts Rate By 25 Bps; Future Easing To Be Gradual

The Bank of England reduced its benchmark rate for the second time this year citing continued progress in disinflation but suggested that further easing is set to be gradual as the last week's budget has upward impact on inflation. The Monetary Policy Committee decided to lower the rate by 25 basis points to 4.75 percent. The outcome of the two-day meeting matched expectations.

RTTNews | 22 dias atrás

Bank Of England Cuts Rate For Second Time This Year

The Bank of England reduced its benchmark rate for the second time this year citing continued progress in disinflation.

RTTNews | 22 dias atrás

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