All the updated news related to economic policy

All the news related to economic policy updated in real time

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foreconomic policy

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Manufacturing growth remains robust as signs point to easing supply chain woes

Britain’s manufacturing sector grew at a faster pace than first thought in December amid signs the supply chain crisis may be finally easing, according to new figures. The closely-followed IHS Markit/CIPS manufacturing purchasing managers’ index ...

04 Jan 2022 at 12:25

Households putting less money in savings and borrowing more on credit cards

Households are spending more on credit cards and putting less money into savings amid the cost of living squeeze. The Bank of England said net consumer credit borrowing totalled £1.2 billion in November 2021. The figure includes borrowing using ...

04 Jan 2022 at 11:55

Average UK house price rose by more than £24,500 in 2021 says Halifax

House prices increased by more than £24,500 on average in 2021, marking the largest annual cash rise since 2003, according to an index. The typical UK property value hit a new record high of £276,091 in December 2021, Halifax said. Property ...

07 Jan 2022 at 08:55

Hairdresser and restaurant cancellations surge after rise in Covid-19 cases

Firms such as hairdressers and restaurants saw cancellations soar last month as potential customers stayed at home amid the accelerating spread of Covid-19. New figures from the Office for National Statistics (ONS) also highlighted a jump ...

06 Jan 2022 at 15:25

Soaring inflation could be to 2022 what supply chain crisis was to 2021

From shortages of new cars and games consoles to lorry drivers and even crisps, 2021 will be remembered by many as the year of the supply chain crisis. Just as the economy was revving up thanks to the mammoth vaccine effort and lifting ...

30 Dec 2021 at 10:25

Average UK house price ends year at record £254,822

The average UK house price rose by nearly £24,000 during 2021, the biggest increase ever recorded in a single year in cash terms, according to an index. The typical price of a home reached a record high of £254,822 in December, ...

30 Dec 2021 at 08:55

Families face ‘cost-of-living catastrophe’ in 2022, says think tank

Millions of families are facing a “cost-of-living catastrophe” due to soaring energy bills and rising taxes, an economic think tank has warned. The Resolution Foundation (RF) said from next April families would typically face ...

29 Dec 2021 at 01:25

UK diner numbers slump to weakest level since May

UK restaurants have witnessed their poorest week since the spring as the rapid spread of coronavirus hit the public’s appetite for eating out. The latest weekly economic update from the Office for National Statistics has ...

23 Dec 2021 at 14:25

Households face £1,200 hit as cost of living rises, think tank warns

The rising cost of living will become the dominant issue facing Boris Johnson, the head of an economic think tank has warned as families faced a £1,200 hit from April. The Resolution Foundation (RF) said families would ...

29 Dec 2021 at 11:25

Scotland

Kate Forbes unveils project to improve quality of life for disadvantaged Scots

A new centre of expertise is being established in a bid to put human rights and equality at the heart of economic policy in Scotland. The project will see the Scottish Government work with experts, ensuring policy ...

09 May 2022 at 13:55

Construction sector growth slows as new restrictions hold back recovery

Growth in the UK’s construction sector continued in December but slowed to its lowest since September as some firms said rising Covid-19 cases and new restrictions “held back” the sector’s recovery. The closely ...

07 Jan 2022 at 11:25

Northern Ireland

Half a million jobs created in Northern Ireland in last 15 years, study says

Half a million jobs were created in Northern Ireland in 15 years, according to a study. Analysis from the Ulster University Economic Policy Centre (UUEPC) of growth in Northern Ireland from 2007 to 2021 showed ...

09 Oct 2023 at 11:28

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