UK unemployment has fallen to the lowest rate since 1974, according to the Office of National Statistics (ONS). The level of people out of work has been on a general decline since late 2013, until the Covid-19 pandemic, which saw it rise until the end of 2020. However, unemployment has since returned to pre-Covid levels, […]

The post Unemployment falls to lowest rate since 1974 appeared first on UK Investor Magazine.

The Sterling rose to 1.1682 against the dollar in Monday trading after analysts noted maintained hawkish sentiment from the US Federal Reserve ahead of US inflation data, which is scheduled for release on Tuesday. Disappointing UK GDP growth of 0.2% in July did little to dent the Pound’s rise versus the dollar, with Prime Minister […]

The post Pound climbs against dollar ahead of US inflation report appeared first on UK Investor Magazine.

The UK economy grew 0.2% in July after a 0.6% fall in June, rising 1.1% above pre-Covid levels in February 2020. However, UK GDP growth failed to meet analyst expectations, spelling trouble for the country as the cost of living crisis tightened its grip on household budgets. The Office of National Statistics (ONS) noted GDP […]

The post UK economy disappoints analysts with 0.2% July growth appeared first on UK Investor Magazine.

Liz Truss has promised to cap the average household energy bill at £2,500 per year until 2024 in her energy relief plan announced today. The proposal will see the average household save £1,000 compared to the previously scheduled price cap rise of 80% to £3,548 this October. Under the new plan, businesses will receive equivalent […]

The post Liz Truss caps household energy prices at £2,500 per year appeared first on UK Investor Magazine.

The Pound remained lower against the dollar after Liz Truss was announced as the next UK Prime Minister on Monday, replacing departing Conservative leader Boris Johnson. The Sterling was 1.1508 against the dollar in late afternoon trading, after falling to its lowest level since 1985 of 1.1474 in advance of the announcement over Monday morning. […]

The post Pound stays lower against dollar after Truss appointment appeared first on UK Investor Magazine.

Retail sales fell 1.2% across the three months to July as the cost of living crisis continued to bite across the UK. Sales rose 0.3% in July after a 0.2% drop in June, with levels 2.3% above pre-Covid volumes but down over the last year overall, according to the Office of National Statistics (ONS). “People […]

The post Retail sales drop 1.2% in three months to July as cost of living crisis bites appeared first on UK Investor Magazine.

The UK economy contracted 0.1% in Q2 2022, coming in slightly above analyst expectations of a 0.2% shrinkage according to the ONS. However, the figure represented a dramatic slowdown against the 0.8% growth in seen in Q1. GDP contracted as a result of skyrocketing inflation, which currently stands at 9.4%, and the consequent lack of […]

The post UK economy contracts 0.1% in Q2 2022 appeared first on UK Investor Magazine.

UK inflation hit another 40-year high in June with a rise to 9.4% as crushing fuel and food prices pushed the cost of living higher, according to the latest figures from the Office of National Statistics (ONS). “Rising food and fuel costs have kept inflation red hot this month. This is intensifying the pressure on […]

The post UK inflation hits new 40-year record of 9.4% on higher food and fuel prices appeared first on UK Investor Magazine.

Real term total pay fell by 0.9% and real term regular pay fell by a record 2.8% over the last year, according to the latest figures from the Office of National Statistics (ONS). Inflation is currently at a 40-year high of 9.1% and set to climb to 11% by October this year, placing UK consumers […]

The post Real term wages see record fall as gap between public and private sector pay widens appeared first on UK Investor Magazine.

The FTSE 100 was down going into the close Wednesday despite a reported 0.5% growth in the UK economy over May, according to figures released by the ONS today. However, the real driver of markets of Wednesday was the higher than expected US CPI reading that rose to 9.1%. “If anyone had been harbouring hopes […]

The post FTSE 100 falls as US inflation hits 9.1% appeared first on UK Investor Magazine.

The UK economy grew 0.5% in May after two consecutive months of contraction, according to figures released by the Office of National Statistics (ONS). The ONS confirmed GDP was estimated to currently be 1.7% above its pre-Covid-19 levels. “After all the doom and gloom about the state of the British economy May’s growth figures might […]

The post UK economy grows 0.5% in May on GP appointments, retail sector shrinks appeared first on UK Investor Magazine.

Inflation rose to a new 40-year record high of 9.1% in May, according to the latest figures from the Office of National Statistics (ONS). The Consumer Price Index (CPI) increased by 0.1% from 9% in April to 9.1% in May, with climbing food and non-alcoholic beverage prices highlighted as the largest contributor to the new […]

The post Inflation hits new 40-year record of 9.1% in May appeared first on UK Investor Magazine.

UK GDP contracted by 0.3% in April, representing the second consecutive month of decline after the 0.1% fall in March, according to the latest data from the Office of National Statistics (ONS). The report confirmed services fell by 0.3% in April this year, which was the major contributor to the slide in GDP over the […]

The post UK GDP contracts 0.3% as all sectors contribute to economic slide appeared first on UK Investor Magazine.

The UK energy price cap is set to increase in October to a record-shattering £2,800, with the average UK household anticipated to pay an additional £800 per year in energy bills. The entire country is on track to pay an extra £18.3 billion in energy costs from October 2022, just as the cold weather starts […]

The post UK energy price cap to shatter records at £2,800 appeared first on UK Investor Magazine.

The Consumer Price Index (CPI) rose to 9% in April compared to 7% in March, according to figures reported by the Office of National Statistics (ONS) today. The rise represents the highest 12-month growth since records began in 1997, and is also the highest rate on record for the constructed historical series, which kicked off […]

The post Inflation hits 40-year high of 9% as food and energy costs surge appeared first on UK Investor Magazine.

Stagflation has become a rising tide on the UK economic front in recent weeks, with the word batted back and forth across the news forums in a swell of recession warnings and spiking inflation. However, what does the term mean for the UK economy, and what does it mean for the average British consumer? Stagflation […]

The post What is stagflation and its impact on the UK economy? appeared first on UK Investor Magazine.

Global stock markets were rocked on Thursday as the growing threat of inflation and slow growth sent equities deep into the red. The FTSE 100 as sank over 2% as UK GDP fell by 0.1% in March, raising fears of a global recession after US GDP contracted 0.4% in the first quarter. “The FTSE 100 […]

The post FTSE 100 slumps as UK economy shrinks 0.1% in March appeared first on UK Investor Magazine.

The pound was 0.25% lower against the dollar early on Friday morning Sterling dipped on Friday as retail sales surpassed expectations, while uncertainty remains over rising Covid-19 cases and the impact on the UK economy. The reaction was muted in the FX market “with both EUR and GBP trying to recover some of the losses […]

The post Sterling down as Delta variant concerns investors appeared first on UK Investor Magazine.

England ended a 55-year wait to play in a major tournament final on Wednesday night, beating Denmark in extra-time at Wembley courtesy of a Harry Kane goal. The Three Lions will now face an Italy side that has also impressed throughout, getting past a resilient Spain team in its previous game en route to the […]

The post Euro 2020 Finals: FTSE 100 vs FTSE MIB appeared first on UK Investor Magazine.

Wages grew at the fastest rate since 2007 The number of employed people in Britain jumped by a record number during May as coronavirus restrictions were eased further, and pubs and restaurants began serving people indoors again. However, the employment figure remains over 500,000 below the pre-pandemic high. The headline unemployment rate fell for a […]

The post UK unemployment rate falls to 4.7% on record jump in employee numbers appeared first on UK Investor Magazine.

UK unemployment rate falls to 4.8% for the first three months to March Unemployment dropped during the first three months of 2021 despite continued lockdowns as the jobs market recovered. A number of companies are hiring more staff, while some are retaining employees ahead of an expected reopening, according to official data. The Office for […]

The post Employment on the up as UK continues reopening appeared first on UK Investor Magazine.

As the third lockdown comes to an end, hopefully for the last time, the UK’s leisure industry is all set for a substantial recovery. This is on the assumption that the the government eases out of lockdown restrictions in a proper way. According to research conducted by Edison Group, the confidence is driven by lessons […]

The post Reasons to be cheerful: UK leisure ready and waiting appeared first on UK Investor Magazine.

Catering and hospitality jobs increased by 10% to 58% of the average in February 2020 The number of new job postings is rapidly rising as the UK is finding its way out of the pandemic. The Office for National Statistics (ONS) said on Thursday that job listings have now reached the level they were at […]

The post UK online job adverts climb back to pre-pandemic level appeared first on UK Investor Magazine.

UK exports to the EU surged by 47% during February, up to £11.6bn The UK economy grew in February as businesses managed to cope with lockdown restrictions better as exports to the European Union recovered as well. GDP increased by 0.4% following a 2.2% fall in January, according to figures from the Office for National […]

The post UK economy in ‘early stages of an economic recovery’ after growing 0.4% in February appeared first on UK Investor Magazine.

UK recovery set to surpass expectations The UK’s recovery is set to be quicker than anticipated over the next two years as the global economy rebounds from its worst recession since World War 2. The International Monetary Fund (IMF) is forecasting that the UK economy would grow by 5.3% in 2021 and 5.1% the following […]

The post UK to record fastest growth since 1988 according to IMF appeared first on UK Investor Magazine.

UK Manufacturing PMI rose sharply in March to 58.9 The pound held steady vs the dollar on Thursday, while down slightly against the euro, as traders are optimistic over its outlook. During Q1 of 2021 the pound enjoyed its strongest performance since 2015, gaining 4.8%. UK Manufacturing PMI rose sharply in March to 58.9, a […]

The post Pound holds steady vs euro as optimism grows over UK economy appeared first on UK Investor Magazine.

2020 UK economy’s worst performance in over 300 years The recovery of the UK economy has been stronger than expected, according to data released by the Office for National Statistics (ONS), demonstrating higher household savings than figures previously suggested. The ONS said the British economy grew by 16.9% in Q3 of 2020 and 1.3% in […]

The post ONS: Economy expanded by 16.9% and 1.3% in Q3 and Q4 of 2020 appeared first on UK Investor Magazine.

Workers under 25 account for 63.1% of jobs lost since February 2020 The UK unemployment rate stood at 5% for the three month period to February, 0.1% higher than the quarter before, while lower than economists’ forecast of 5.2%. As furlough measures remained in place and the vaccine roll-out gained further momentum, UK employment has […]

The post UK unemployment falls back to 5% appeared first on UK Investor Magazine.

The outlook for the UK economy is improving as the so far successful vaccine roll-out has led the governor of the Bank of England to hint at stronger than anticipated growth in the coming months. While Andrew Bailey warned against complacency, he suggested that the United Kingdom could return to its pre-pandemic level before the […]

The post Two UK-focused funds set to benefit from a recovery appeared first on UK Investor Magazine.

Increase in inflation due to price of food and household goods UK inflation rose in January to 0.7%, up from 0.6% the month before, according to the Office for National Statistics.  The increased prices of food and household goods contributed to a rise in inflation, measured by the Consumer Price Index.  Jonathan Athow, deputy national […]

The post Inflation up to 0.7% as long-term outlook unclear appeared first on UK Investor Magazine.

Vaccine passports ‘unlikely’ for those remaining in the UK The UK government is looking at its options around rapid testing for coronavirus as a route to reopening venues where social distancing is unfeasible. “Quick turnaround testing is part of a plan to get mass gatherings back,” one insider said, according to the Financial Times.  Prime […]

The post UK considering rapid testing to allow return of mass gatherings appeared first on UK Investor Magazine.

House prices expected to fall in April UK house prices rose this month as house buyers were unphased by the pending expiration of the stamp duty holiday. Following a 0.3% dip in January, average house prices coming to the market increased by £1,511, or 0.5%. Although the stamp duty holiday is yet to end, buyers […]

The post House prices up 0.5% despite stamp duty holiday coming to an end appeared first on UK Investor Magazine.

‘Little to cheer’ in latest UK GDP data UK GDP shrunk by 9.9% in 2020 as severe lockdowns decimated output. The severe impact of the pandemic caused a fall in output of more than twice the drop that occurred as a result of the 2008 financial crisis.  The economy grew by 1% in Q4 in […]

The post UK economy slumps to its biggest fall in 300 years appeared first on UK Investor Magazine.

The governor of the Bank of England, Andrew Bailey, has suggested that the UK’s unemployment rate may actually be higher than official figures currently show as the coronavirus pandemic continues to drive a surge in redundancies. In a speech to business leaders at the virtual Scottish Chambers of Commerce conference, Bailey acknowledged that the UK […]

The post Unemployment higher than official figures suggest appeared first on UK Investor Magazine.

Consumer spending declined 2.3% year-on-year in December – the largest decline since June 2020 – as tightened coronavirus restrictions resumed their chokehold on UK retailers and hospitality. Figures collated from a report by Barclaycard revealed that the hospitality sector was particularly hard hit, with spending at bars and pubs down by 71.4% and restaurants by […]

The post Consumer spending down 2.3% in December appeared first on UK Investor Magazine.

Through an ongoing global pandemic and a seemingly never-ending Brexit negotiation process, small and medium-sized businesses (SMEs) across the UK have been forced to operate in a climate of uncertainty. Rules and regulations are changing by the day, and as a new strain of Covid-19 emerges and the UK prepares to dive out of the […]

The post Will 2021 be a boom year for UK SMEs? appeared first on UK Investor Magazine.

The Bank of England‘s Monetary Policy Committee (MPC) voted on Thursday to maintain its all time low interest rate at 0.1% and leave its target for bond-buying unchanged at £745 billion. Although it looks as if the central bank will hold off on any further stimulus packages or the like to help bolster the UK […]

The post Bank of England sits tight on 0.1% interest rate appeared first on UK Investor Magazine.

The UK government’s debt has exceeded the size of the economy for the first time since 1963, following a record £55.2 billion of government borrowing during May. In the last year, UK debt has risen to a total of £1.95 trillion – 100.09% of GDP – joining the likes of the USA and Japan in […]

The post UK debt exceeds GDP for first time since 1963 appeared first on UK Investor Magazine.

The UK economy nosedived 20.4% in April 2020 in the largest monthly fall since records began, according to the Office for National Statistics (ONS). The report described the impact of the coronavirus pandemic as a “significant shock” to the economy, citing the dramatic fall in GDP and “record broad-based falls in output for production, services […]

The post UK economy shrinks record 20.4% in April appeared first on UK Investor Magazine.

  The UK economy faces a “prolonged period” of weakness, according to the latest report from EY Item Club. According to a recently released Autumn report, think tank EY Item Club’s research has indicated the UK economy will experience weaker growth as consumer spending slows and businesses begin to reduce investments. Despite predictions that the […]

The post UK economy ‘faces prolonged weakness’, report says appeared first on UK Investor Magazine.