Personal Finance
NIESR forecasts further small acceleration in third quarter GDP
Britain's economy is set to continue recovering after the unexpected slowdown seen at the start of the year, according to one of the country's leading think-thanks.
UK service sector on the rise amid warm weather and royal wedding
Services output in the United Kingdom increased by 0. 4% for the three months to May, with a surge in activity in the wholesale, retail and motor trade sector accounting for the bulk of the pick-up.
UK GDP growth picks-up to 0.3% in May, backing case for August rate hike
Britain's economy accelerated in May, driven by a surge in construction output, after flat-lining in April, leaving the MPC on track to hike Bank Rate come August, according to some economists.
World Cup fever helps lift consumer spending in June, says Barclaycard
Consumer spending grew 5. 1% year-on-year in June, according to Barclaycard's newest monthly report on Britain's spending habits.
US small business optimism dips slightly but still skirting record-high level
The US small business optimism index on Tuesday posted the sixth highest reading in its history, at 107. 2 in June, down 0. 6 from May but well above its 45-year average of 98.
UK advised to invest in cheaper and safer renewables, rather than nuclear
The UK government should ditch its plans to build more nuclear plants and invest in cleaner, cheaper and safer renewable energy, the National Infrastructure Commission advised on Tuesday.
UK retail sales boosted by World Cup and good weather - BRC
UK retailers are enjoying better trading amid sunny weather and England’s World Cup run, with not just waistcoats but also and beer, barbeques and big-screen TV driving increased sales.
Bank of England 'should freeze house prices for five years'
The Bank of England has been urged to freeze house prices for five years in a move to prevent another financial crisis and allow people to access affordable homes.
German economic sentiment hit by trade war woes, political uncertainty
German economic sentiment deteriorated more than expected in July as political uncertainty and worries about a trade war took their toll, according to the latest survey from the ZEW Center for European Economic Research in Mannheim.
UK manufacturing and construction sectors rally
UK industrial production made a negative contribution to national growth in May but manufacturing activity made a subdued recovery, official figures showed on Tuesday.