According to the latest figures from the Office for National Statistics (ONS), wages rose at the fastest pace in nearly a decade in the three months to September.
Economy
Government announce proposals to end late payments for small businesses
The Government has proposed new measures to tackle the issue of late payments to small businesses by larger companies who abuse their position in the market.
Millennials hit hardest by financial crisis
According to figures from the Institute for Fiscal Studies (IFS), earnings for UK workers are still lower than they were in 2008, having failed to recover in the decade since…
Strong growth for service sector boosts UK economy
Growth in the UK’s service sector hit an eight-month high in June, indicating that the UK economy is beginning to ‘pick up speed’.
Q1 economic growth revised upwards
In a surprise move, the UK’s economic growth has been revised upwards for the first quarter (Q1) of 2018.
Card payments now ‘more popular’ than cash in UK, study suggests
The number of debit card payments made in the UK overtook the use of cash in 2017, a new report has revealed.
Inflation remains at one-year low
UK inflation remained at a one-year low of 2.4 per cent in May, despite many economists predicting a rise to 2.6 per cent following a surge in the cost of…
Strong growth for UK economy in final quarter of 2017
The UK economy grew much faster than expected in the final quarter (Q4) of 2017, new data has revealed.
Business hopes up ahead of holidays
Business owners are more confident in the future of the British economy than they have been in the past five months, according to new research.
Hammond urged to support manufacturing in Autumn Budget
The Confederation of British Industry (CBI) has called on the Chancellor, Philip Hammond, to address the UK’s “productivity problem” by using this week’s Autumn Budget announcements to extend greater support…
