Monthly Archives: January 2017

Theresa May has said the UK “cannot possibly” remain within the European single market, as staying in it would mean “not leaving the EU at all”. The PM promised to push for the “freest possible trade” with European countries and … Continue reading →

Rising air fares and food prices helped to push up UK inflation to its highest rate since July 2014 in December. The annual rate of Consumer Prices Index (CPI) inflation rose to 1.6% last month, up from 1.2% in November, the … Continue reading →

The immediate risk posed by Brexit to the UK economy has declined, the governor of the Bank of England has told MPs. Mark Carney said that action by the Bank before and after the vote to leave the European Union … Continue reading →

Britain’s benchmark index of leading shares closed at a record high for a ninth consecutive trading session, marking the FTSE 100’s longest run of successive all-time peaks since its inception in 1984. In an ebullient rally, the FTSE 100 climbed … Continue reading →

Household debt has risen to its highest level since just after the financial crash of 2008, official figures show. Bank of England data shows personal debt grew 10.8% in the year to 30 November to £192.2bn in the UK – the … Continue reading →

This week’s reports from purchasing managers point to growth of 0.5% in the final three months of 2016 compared with 0.6% in the third quarter. Post-referendum forecasts for 2016 were quickly shredded by the Bank of England when it became … Continue reading →