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Current Affairs

Retail sales fall in May

ONS report shows a drop in food purchases

Inflation rises to 9.1%

CPI rate at the highest level for 40 years.

Bank of England raises interest to 1.25%

Interest rate hits 13-year-high.

Lending trends for SMEs returning to normal

UK Finance report showed uptick in Q1 2022.

Economy contracts in April, figures show

Test and trace decline sees GDP shrink by 0.3%.

Business footfall increases for Jubilee weekend

Overall footfall is still at lower levels than previous years.

Energy price cap to increase in winter

Ofgem boss warns of a rise of nearly £1,000 by October.

Retail sales volume rose in April 2022

Sales volumes in three months to April continue to drop.

Sunak sets out ‘plan for growth’ but falls short of immediate support

Chancellor insists the Government “stands ready to do more”.

UK inflation hits 40-year high of 9%

Macroeconomy now businesses’ number one concern.