UK's Gross Domestic Product grew by 1.1 pct last quarter as economists forecasts were left behind in a massive construction, business and manufacturing growth that beat forecasts by as much as two times forecast of 0.5 - 0.7 pct.
Car production rose by more than a quarter in June according to the latest figures from the Society of Motor Manufacturers and Traders.
Retail sales are up 1.3 pct year-on-year after the official figures were released by the Office of National Statistics showing a whopping 4.4 pct increase in non-foods.
Scottish retail sales have fallen in June according to the Scottish Retail Consortium and KPMG.
The Bank of England has voted 7-1 against raising rates in their latest interest rate meeting, minutes reveal today.
UK economists are getting increasingly pessimistic on growth as a whole host of new data emerged today on the 'poor state' of public finances.
Public Finance data for the UK remains high this morning after public sector net borrowing was above expectation at £14.5 billion.
Gross mortgage lending for June was up 15 pct to estimated £13.1 billion according to the Council of Mortgage Lenders.
This week ahead sees a number of key economic announcements - retail sales for June, GDP figures for Q2 and a Rightmove house price survey released today.
House prices have fallen after Rightmove's survey of over 200,000 properties coming into the market this month found a reduction in average asking price to £236,332.
The Office of National Statistics has just published a batch of figures on the UK's workforce, nearly coinciding with the Friday, 16 July's submission to The Treasury by most government departments of their proposed budget cuts. The Treasury requires drafts based on 25 percent and 40 percent cuts to the 2010-2011 figures and these will form the basis of the autumn Spending Review and November's Budget Address to Parliament by George Osborne, Chancellor of the Exchequer.
Monetary Policy Committee, MPC member David Miles has reiterated his 'dovish' stance on UK's rates in a speech published Thursday.
The Bank of England has today announced an improvement in housing equity by £0.2 billion as a slow shift towards positive equity markets continued.
The Trades Union Congress has said that a double dip recession is looking more likely following "disappointing" unemployment figures yesterday.
UK unemployment has fallen by 34,000 today as a record number of people found work in part-time places.
Food and fuel have helped to curb CPI - the main measure of inflation - after falling oil prices meant that petrol fell by 2.6 pence per litre and extra sales from the World Cup and warmer weather kept food prices low.
Retail sales in June are up 1.2 pct, stronger than May's rise of 0.6 pct after the World Cup began and summer weather contributed to continued food sales growth.
CPI, Consumer Price Index, fell just 0.2 pct today as the high cost of fuel continues to remain a pressure on the average household expenditure leaving inflation invariably high.
UK GDP remains stuck in slow growth as latest revised figures from the ONS (Office of National Statistics) show that growth remains small at 0.3 pct.
What do the cities of Newcastle upon Tyne, Sheffield and Kingston upon Hull, all have in common? No, or very few, Conservative councillors and each city is headed by a Liberal Democratic Council Leader. Many other northern towns and cities can be added to this list. These same Lib Dem councillors are going to find the funding cuts now being implemented as part of the coalition's Emergency Budget very uncomfortable to action. Many find themselves at odds with the Parliamentary Party, espec...
NIESR, the National Institute of Economic and Social Research, has forecast Q2 GDP growth of 0.7 pct in its latest estimates for three months ending June 2010.
The Bank of England has decided to keep interest rates on hold for a fourteenth consecutive month despite a split in last month's decision to hold it at 0.5 pct.
Sluggish house prices look set to continue after the latest index released today show continual decline into June - albeit just 0.6 pct.
New car registrations were up 10.8 per cent in June, despite fears that the end of the car scrappage scheme introduced by the previous Labour government would cause a slump.
Sir Alan Budd, head of the Office for Budget Responsibility is to step down from his position just three months after being appointed to his role.
A survey of Chief Financial Officers conducted by Deloitte has found that business optimism dropped in the second quarter to the lowest level for a year.
A report from the Higher Education Policy Institute has shown men graduating from university are finding it significantly harder to find a job than women graduates, but are likely to be paid more if they do.
Next week will see the Bank of England make its latest decision on interest rates and could see Monetary Policy Committee members take a good look at the possibility of raising interest rates.
Roy Hodgson has moved to Liverpool as reports of Harry Rednapp becoming England manager continue.
Energy regulator Ofgem has said that a new regime is to be introduced from today, aimed at preventing energy companies from overcharging their customers. In addition the regulator said that it was seeking explanations from two of the big six energy companies about their pricing.
