UK Retail Sales’ Weakness Continues ith a 1.4% Fall in March
(ONS) The UK recorded a 1.4% fall in retail sales volumes in March, accelerating from a decline of 0.5% the previous month. The largest contributor to the March decline in…
UK Isolates Moscow Stock Exchange Investors With Limits on Tax Benefits
(Gov. UK) Investors on the Moscow Stock Exchange will not be able to access certain tax benefits from the UK when trading on the bourse. Through the HM Revenue and…
UK Inflation Accelerates by an Annual 7.0 % in March, a 3-Decade High
(ONS) The UK Consumer Prices Index increased by 7.0% in the 12 months to March 2022, accelerating from a gain of 6.2% in February. The annual surge in inflation reflected…
UK Unemployment Falls by 0.2% in Dec-Feb Quarter, Job Vacancies Hits a Record
(ONS) The UK unemployment rate from December 2021 to February 2022 quarter declined by 0.2% to 3.8%. The employment rate, nonetheless, was largely unchanged at 75.5%, below a pre-pandemic level.…
UK GDP Grows by a Marginal 0.1% in February
(ONS) UK’s gross domestic product expanded by 0.1% in February, a slower gain compared to an increase of 0.8% in January. The services sector led the GDP increases, with a…
UK Retail Sales Decline by 0.3% in February
(ONS) The volume of retail sales in the UK declined by 0.3% in February 2022, a downturn from an increase of 1.9% in January. Despite the February decline, the retail…
UK Annual Inflation Rises to the Highest Since March 1992 in February
(ONS) UK consumer prices increased by 6.2% in the twelve months to February 2022, accelerating from a gain of 5.5% in January. The inflation was the highest since March 1992.…
Google’s “Jedi Blue” Deal With Meta Under the Scrutiny of EU, UK Regulators
EU and UK regulators have started an investigation on Google and Meta’s 2018 ad deal dubbed “Jedi Blue.” The regulators are exploring whether the “Jedi Blue'' deal between the two…
UK Houses Prices Jump at the Fastest Rate in Almost 15 Years in February
(Halifax) The average house prices in the UK reached a record 278,123 pounds in February, after rising by an annual rate of 10.8%, the fastest gain since June 2007. Compared…
UK’s Posts a £2.9B Budget Surplus in January, the First Since the Pandemic Started
(ONS) The UK recorded a budget surplus of 2.9 billion pounds in January 2022, the first time the government has raised more in taxes than it has spent since the…
UK Retail Sales Makes a Comeback, Jumps by 1.9% In January
(ONS) Retail sales volumes in the UK were up 1.9% in January 2022, erasing some losses after a 4.0% decline in December. Sales at non-food stores improved by 3.4% in…
UK Annual Inflation Climbs to a 30-Year High in January
Source: Office for National Statistics The annual consumer prices in the UK rose by 5.5% in January 2021, accelerating from 5.4% the previous month. The inflation was the highest since…