UK Economy

Households did not hold back on grocery spending last Christmas – before a tougher 2017 sets in.

Centre will foster a better understanding of the consequences of the UK withdrawing from the EU.

Mark Carney calls for transitional Brexit period to minimise impact on UK's financial sector.

Sterling drops below $1.21 for the first time since late October as dollar surges ahead of Donald Trump's press conference

UK industrial production rises for the first time in three months as it grows 2% year-on-year in November.

The FTSE 100 ended 2016 with an all time high of 7,142.

Growth spiked during the period as there was a sharp rise in the sale of festive foods and gifts.

The sphere of economics has learnt to its cost that unorthodox thinking is not some inconvenient balderdash.

While spending increased 2.6% on-year in December, it was lower than the 3.1% increase seen in November.

Outlets in London, Richmond and Exeter among the ones to be shut amid declining footfall.

BDO High Street Sales Tracker revealed that December 2016 sales had declined 0.1% year-on-year.

Markit PMI in December hits 56.2, beating forecasts and marking the fifth month of expansion.

BCC said the fall in the value of the pound helped offset the uncertainty caused by the Brexit vote.

Uncertainty will likely intensify when the UK government triggers Article 50 by the end of March.

Pound gains against the dollar, while euro holds steady as Eurozone inflation hits highest level in over three years.

New orders rise at fastest pace in 11 months in December, but input costs hit highest level since April 2011.

Resolution Foundation says pay gap narrows for women in their 20s, but progress is not sustained later in life.

Markit PMI hits 56.1 in December, beating analysts' expectations for a 53.3 reading.

Rail fares in the UK were about six times more than elsewhere in Europe.

The survey says confidence index rose to 14% from 12% recorded in September last year.

Retail was the most affected with salaries down 17.4% on-year to £21,769.

About 27% of the CFOs more optimistic about the future prospects for their companies, up from 16% in Q2.

Britain's rapidly ageing population will put pressure on those of working age as social care systems struggle.

The American currency, like Icarus, is in danger of flying too close to the sun.

Most of the new stores will be opened across London and the south-east.

The report follows a decline in the value of the pound post the referendum vote.

The pro-Brexit group said this is a conservative estimate and that the figure could be as high as £38.6bn.

The National Living Wage assures higher minimum wages of at least £7.20 an hour to staff aged 25 and above.

The decline in the value of the pound over the past 12 months has dented the UK economy.

UK GDP grows 0.6% in the quarter after the June Brexit vote slightly ahead of the 0.5% analysts expected.