The economy

Consumer confidence on the up

Consumer confidence climbed in August for the first time in six months, new figures have revealed.

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Recovery gains credibility from latest figures

New data on retail sales, tax receipts and the level of public debt for the third quarter of the year suggest that the economy is maintaining a level of recovery.

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Growth prospects remain uncertain, says Bank

Minutes from the latest meeting of the Bank of England’s rate-setting Monetary Policy Committee suggest that concerns persist about the UK economy’s ability to build up a head of steam in the recovery.

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VAT rise likely to fuel inflation

The decision to raise the standard rate of VAT from 17.5 per cent to 20 per cent next year will be a significant driver behind a stubborn rate of inflation, the Bank of England has said.

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Jobs recovery looks set to stall

The private as well as the public sector could be hit by job losses in the future.

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Chancellor urges banks to up business lending

The Chancellor, George Osborne has called on the UK’s banks to improve the level of access that smaller firms have to finance.

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Growth in manufacturing may not last in the longer term

UK manufacturing is enjoying a sharp rise in output, but the trend may not be a lasting one, a new report has warned.

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Increase in risk of a second recession, says think-tank

The chances of the UK economy entering a second recession next year have risen, according to the National Institute for Economic and Social Research (NIESR).

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UK economy shows quarterly surge in growth

The UK economy expanded at twice the forecast rate during the second quarter of the year.

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