Pensioners top-up benefit deadline approaches

Pensioners on a low income have been urged to check if they qualify for the state pension top-up benefit, pension credit, as the Department for Work and Pensions (DWP) warns that the deadline for applications is less than two weeks away. Those who apply by 10 December...

Manufacturing output declines

In the latest industrial trends survey by the Confederation of British Industry (CBI), manufacturers reported a significant decline in output volumes for the three months leading up to November. Contrary to expectations for expansion, production fell to -17%, down...

Pay rises surpass inflation, figures reveal

Official figures reveal that pay growth in the UK has exceeded inflation by the highest margin in two years, offering a glimmer of hope in the face of persistent economic challenges. Between July and September, regular pay increased at an annual rate of 7.7%,...

UK company insolvencies surge by 18% in October 2023

In October 2023, the UK witnessed an 18% increase in company insolvencies compared to the same period last year, reaching a total of 2,315 cases. The breakdown includes 256 compulsory liquidations, 1,889 creditors' voluntary liquidations (CVLs), 146 administrations,...

UK economy shows no growth in Q3 2023

The UK economy indicated no growth in Q3 2023 despite a 0.2% increase in the previous quarter, according to the latest GDP estimates from the Office for National Statistics (ONS). The services sector is estimated to have declined by 0.1%, offsetting a 0.1% increase in...