11 h. ago The rich are getting poorer: UK household wealth sees second biggest fall of all major economies

The drop in household wealth was skewed by the rich falling behind and reducing the average, while households further down the scale became better off.

Economics

42 h. ago Business Briefing: UK inflation holds at 3.4% amid rising food prices and cheaper transport costs

From stubborn inflation and a downgraded economic outlook, to a major regional investor merger, AO World’s strong results, and fresh insight into the future of flexible work - here are today’s top UK business stories.

Economics

4 d. ago Asking prices for UK homes show biggest June fall since 2011, Rightmove says

Asking prices for UK homes show biggest June fall since 2011, Rightmove says  Reuters

Politics

7 d. 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

7 d. 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

2 w. ago Government would struggle to cope with severe animal disease outbreak – watchdog

Outbreaks such as foot and mouth or bird flu can have major impacts on farming, economic growth, public health and wildlife, the NAO says.

Politics

4 w. ago Net migration to UK down by half in 2024 compared with year before

Office for National Statistics estimate shows fall from 860,000 in 2023 to 431,000 last yearUK politics live – latest updatesNet migration to the UK is estimated to have almost halved from 860,000 in the year ending December 2023 to 431,000 in the year ending December 2024, the Office for National Statistics said.The estimate for the difference between the number of people moving to and from the UK is the biggest fall since the pandemic. Continue reading...

Politics