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The economy

UK economic growth estimate revised up for Q2

The second estimate of UK economic growth for the three months to June has been revised up by 0.1 per cent to 0.7 per cent, the Office for National Statistics (ONS) has confirmed.

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School-leavers need better workplace skills, say business groups

Young people in the UK are leaving school unprepared for employment and the workplace, business groups have said.

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NI business activity shows signs of improvement

The Northern Ireland economy is showing signs of improvement and growth according to Ulster Bank's Construction Purchasing Managers' Index (PMI).

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UK unemployment falls slightly

Unemployment in the UK fell by 4,000 in the three months to June, official data has shown.

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Inflation falls to 2.8 per cent in July

Inflation fell to 2.8 per cent in July, down from 2.9 per cent in June, according to the latest figures from the Office for National Statistics.

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UK trade deficit fell in June

The UK's trade deficit shrank to £1.5 billion in June from £2.6 billion in May - its lowest level this year, data from the Office for National Statistics (ONS) has shown.

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Carney sets out new BoE monetary regime

The Bank of England will keep interest rates at the current level of 0.5 per cent at least until UK unemployment falls below seven per cent, the Bank of England's governor Mark Carney has said.

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Economy on the mend as GDP grows 0.6 per cent

The UK economy grew by 0.6 per cent in the second quarter of 2013, according to preliminary data from the Office for National Statistics (ONS), prompting Chancellor George Osborne to say the economy is 'on the mend'.

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Worldwide campaign to promote 2014 Glasgow Games

Tourism organisation VisitScotland has begun a £2.5 million worldwide campaign to promote the Glasgow 2014 Commonwealth Games.

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UK digital economy larger than previously thought

The UK's digital economy is 40 per cent larger than Government statistics suggest, according to a report by the National Institute of Economic and Social Research (NIESR).

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