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UK Economy News

Listing 3195 articles over 320 pages

One In Five Shops Empty In North Of England

More than one in five shops in northern towns in the UK are empty, according to research from the Local Data Company.

Benefits Cuts Cost Poorer Households Significantly

Changes to taxes and benefits that the current government brought in have cost the average UK household £1,127 a year, according to the Instituted of Fiscal Studies (IFS).

UK Unemployment Falls For 26th Month In A Row

UK unemployment has fallen even further to 1.9 million, its lowest level for more than six years, according to the Office of National Statistics (ONS).

Car Insurance To Rise 10%, Says AA

The AA have claimed that car insurance costs could rise by up to 10% throughout the year.

UK’s North South Divide Widens

A new study by Centres for Cities has shown that the gap between economies in the north and south of the UK has widened. Since 2004, for every 12 jobs created in southern cities, only one was created in the north.

A Third Of Brits Could Not Cope With Base Rate Rise

A new survey from has shown that a third of Britons don’t think their finances could cope with a rise in the mortgage base rate.

Sainsburys To Cut 500 Jobs

Supermarket giant Sainsburys has announced it will cut 500 jobs at its stores support centres under new plans to save money after sales figures continue to fall.

Tesco To Close 43 Stores

Supermarket giant Tesco have announced plans to close 43 stores across the UK after its sales fell by 2.9%.

Supermarket Giant Sainsburys In Crisis

Supermarket giant Sainsburys has suffered its first fall in Christmas sales for more than a decade, as they admit the rest of the financial year will “remain challenging” for them.

Oil Prices Drop Even Further

All four major supermarkets in the UK have announced a further fall in fuel prices taking effect this week, bringing petrol even closer to £1 a litre.

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