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UK Economy News

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IMF Predict £7bn Deficit By 2020

The International monetary Fund (IMF) believes that the UK will still be in deficit of £7 billion by 2020, even though the Office for Budget Responsibility (OBR) predicted at the last budget a surplus of £7 billion.

UK Inflation Rate Remains At 0%

The UKs inflation rate stayed at 0% in March, according to official figures from the Office of National Statistics.

Supermarket Sales See Sharp Rise

Supermarket sales figures have risen by 3.2% year on year, according to a survey from the British Retail Consortium (BRC) and KPMG.

£1 In Every £7 Will Be Spent Via Smartphone By 2024

New research has shown that mobile devices will be used to pay for £1 in every £7 spent in the UKs shops in the next 10 years.

Starting Salaries Rise Thanks To Skills Shortage

Almost a third of recruitment agencies have reported that starting salaries have improved since last month, thanks to skills shortages in certain industries.

The Co-op Group Sees £124 Million Profit

The Co-Operative group made profits of £124 million in 2014 after it lost £255 million the previous year.

Aldi Takes Over Waitrose As Sixth Largest UK Supermarket

Discount supermarket chain Aldi has taken over Waitrose as the sixth largest grocer in the UK according to a survey from Kantar Worldpanel.

Live, Televised Election Debate Takes Place Tonight

The leaders of seven UK political parties are today preparing for a live, two hour televised debate which will be shown live on ITV, the BBC news channel and streamed on the BBCs election live page.

Business Leaders Sign Letter Endorsing Tories

The Daily Telegraph has published a letter signed by over 100 company leaders declaring support for a Conservative led government.

Financial Wellbeing Improved Only 0.2% In Five Years

Official figures from the Office of National Statistics (ONS) have shown that the financial wellbeing of households has only improved by 0.2% in the last five years.

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