3 d. ago High streets suffer disappointing June amid ‘incredibly cautious’ spending

Sales rose by just 0.6% year on year, according to the latest High Street Sales Tracker from accountancy and business advisory firm BDO.

Politics

6 d. ago UK economic rebound confirmed as consumer spending strengthens – ONS

The Office for National Statistic said gross domestic product rose by an unrevised 0.7% between January and March.

Economics

1 week ago Trump tariffs: US economy saw stark drop in GDP growth as businesses rushed to secure imports

Revised data shows economy shrank more than previously thought as president’s global trade war loomed and consumer spending softened

Economics

1 week ago U.S. economy shrank 0.5% between January and March, worse than earlier estimates revealed

The U.S. economy shrank at a 0.5% annual pace from January through March as President Donald Trump’s import taxes at least temporarily disrupted business, the Commerce Department reported Thursday in a a downgrade from its previous estimate

Politics

2 w. ago Cheapest places to rent: The UK cities where rent is rising fastest, and one where it is falling

The cost of renting is continuing to rise across most of the UK, but the rate of inflation has slowed to its lowest level since July 2001.

Politics

2 w. ago US retail sales fall and Americans turn cautious after spending early this year to beat tariffs

Retail sales fell sharply in May as consumers pulled back after a sharp increase in spending in March to get ahead of President Donald Trump’s sweeping tariffs on nearly all imports

Economics

3 w. ago UK’s FTSE 100 share index hits record closing high despite economy shrinking in April – business live

UK economy shrank by 0.3% in April, biggest fall since October 2023, as trade with the US slumped.. but FTSE 100 ends at new record closeFull story: UK economy shrinks by 0.3% as as exports hit by Trump trade warNicholas Hyett, Investment Manager at Wealth Club, blames “a cocktail of headwinds to growth” for the 0.3% fall in UK GDP in April.Hyett says:In the very short term the change to Stamp Duty rules have put the legal and property services on ice - with legal activities down 10.2% month-on-month.New barriers to trade with the US and changes to employment costs, from a higher living wage and increased national insurance contributions, are a longer term challenge.“The 0.3% m/m fall in real GDP in April supports our view that the strength in Q1 was unsustainable. This won’t prompt the Bank of England to cut interest rates next Thursday. But it is one more piece of news pointing to another cut in August.”We still expect the Bank Rate to be maintained at 4.25% in the June meeting, t...

Economics

3 w. ago Largest ever plunge in UK exports to US as Trump tariffs hurt growth; dollar hits three

UK economy shrank by 0.3% in April, biggest fall since October 2023, as trade with the US slumpedFull story: UK economy shrinks by 0.3% as as exports hit by Trump trade warNicholas Hyett, Investment Manager at Wealth Club, blames “a cocktail of headwinds to growth” for the 0.3% fall in UK GDP in April.Hyett says:In the very short term the change to Stamp Duty rules have put the legal and property services on ice - with legal activities down 10.2% month-on-month.New barriers to trade with the US and changes to employment costs, from a higher living wage and increased national insurance contributions, are a longer term challenge.“The 0.3% m/m fall in real GDP in April supports our view that the strength in Q1 was unsustainable. This won’t prompt the Bank of England to cut interest rates next Thursday. But it is one more piece of news pointing to another cut in August.”We still expect the Bank Rate to be maintained at 4.25% in the June meeting, to allow still troubling earnings growth ...

Politics

3 w. ago Spending Review 2025: what time is Rachel Reeves' announcement today – what UK government plans mean for you

Big pledges on housing, healthcare, and transport are expected, but questions remain over where cuts may fall 🚆

Politics

3 w. ago Rental price growth falls across London while national slowdown reaches four

London rents rose by 1.5 per cent between April 2024 and April 2025 — a marked slowdown on growth in the previous year

Politics

3 w. ago Consumer spending slows to lowest growth of the year amid falling confidence

Gaming bucked the faltering sales trend due to popular new releases, according to the British Retail Consortium (BRC)-KPMG Retail Sales Monitor.

Politics