GDP

UK economy narrowly returns to growth in November

The UK economy narrowly returned to growth in November as real gross domestic product (GDP) increased 0.1%, largely because of…

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BoE holds interest rates at 4.75%

The Bank of England (BoE) has voted to hold interest rates at 4.75%, following a recent hike in both inflation…

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How China and ‘memory makers’ are shaping luxury retail trends

The global luxury retail market is at a turning point, navigating economic shifts, evolving consumer preferences, and new growth opportunities.…

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Today’s news in brief-15/11/24

The UK economy stagnated in Q3 2024, with GDP rising just 0.1%, a sharp slowdown from 0.5% growth in Q2.…

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UK economy stagnates in three months to September

UK gross domestic product (GDP) is estimated to have stagnated during the third quarter of the year as uncertainty ahead…

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Amazon UK pays corporation tax for first time since 2020

Amazon’s main UK division has paid corporation tax for the first time since 2020 following the end of a ‘super-deduction’…

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BoE holds interest rates at 5%

The Bank of England (BoE) has decided to hold interest rates at 5% this month, having lowered them for the…

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Today’s news in brief-13/9/24

Logistics UK warned that new EU fingerprint and facial recognition checks for non-EU passengers at Dover could cause delays, impacting…

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Retail industry is overtaxed, says BRC

The British Retail Consortium (BRC) has claimed that the retail industry is overtaxed compared with other sectors of the economy…

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Today’s news in brief-15/8/24

The UK economy showed resilience with a 0.6% growth in the second quarter of 2024, despite a stagnant June where…

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