Retail downturn persists
CBI survey reveals eighth consecutive monthly sales decline.
Overseas property register reaches 30,000
Milestone figure reached following register’s 2022 launch.
Government borrowing surpasses expectations
Borrowing reached £14.3 billion.
Scottish Budget introduces new tax hikes
High earners set to pay more income tax.
House prices expected to dip by 1% in 2024
Property portal advises sellers to be mindful of pricing strategies.
SME lending declines by 20%
UK Finance’s business finance review reveals notable decline.
Inflation drops by more than expected in November
November inflation figure hits 26-month low of 3.9%.
SME lending declines
UK Finance’s business finance review reveals notable decline.
Surge in UK company insolvencies
Registered company insolvencies experience a 21% increase.
Bank rate remains unchanged at 5.25%
BoE MPC vote to maintain current rate by 6-3.
UK wage growth slows, job market stalls
Despite slowdown, wage growth still outpaces inflation.
UK economy contracts more than anticipated in October
Higher interest rates and severe weather blamed for economic downturn.