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Topic

Britain's economy

UK housing market will cool, but some heat will stay: BoE's Cunliffe

UK housing market will cool, but some heat will stay: BoE's Cunliffe

Published 20 May, 2021 07:36pm
  • House prices rose in the 12 months to March by more than 10% in annual terms - the sharpest increase since August 2007 - spurred by demand for bigger homes as more people work from home, as well as the government's support measures, data showed.
  • House prices rose 5.7% across advanced economies during 2020, according to the Federal Reserve Bank of Dallas, the sharpest growth since 2007.
UK job ads and restaurant bookings rebound as lockdown eases

UK job ads and restaurant bookings rebound as lockdown eases

Published 15 Apr, 2021 04:04pm
  • UK restaurant bookings jump to 79% of pre-crisis level.
  • Online job ads back to same level as before pandemic.
  • Banks gear up for higher mortgage and consumer lending.
  • Almost 6 million employees still on furlough at end of March.
Britain's wheat imports set season low in February

Britain's wheat imports set season low in February

Published 13 Apr, 2021 07:41pm
  • Wheat imports for the month totalled 94,956 tonnes, down from 106,531 tonnes in January and the lowest monthly total so far for the 2020/21 season, which runs from July to June.
  • A slowdown had been expected following the expiration of a transitional trade agreement between Britain and the European Union at the end of 2020.
Brexit hits Portugal-UK trade in February, global trade gap shrinks

Brexit hits Portugal-UK trade in February, global trade gap shrinks

Published 09 Apr, 2021 06:17pm
  • The value of goods brought in from Britain fell 56%, compared to a drop of just 10.3% in imports from 27 European Union countries.
  • The UK left the European Union's single market at the end of last year, raising barriers to trade. That final split followed more than four years of wrangling over its terms of exit from the EU.
UK borrowing likely to undershoot estimate

UK borrowing likely to undershoot estimate

Published 19 Mar, 2021 07:41pm
  • With one month of the fiscal year remaining, borrowing has reached 278.8 billion pounds. That far exceeds the previous annual record set at the height of the financial crisis in 2009-10.
  • "But it looks set to undershoot our latest estimate for borrowing in 2020-21 (on a like-for-like basis with the published ONS data) of 327.4 billion pounds, thanks to even greater under-spending by government departments than our forecast assumes."
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