Inflation rate drops slightly in November

The rate of inflation hit 10.7% in the year to November 2022, down slightly from 11.1% in October, according to the Office for National Statistics (ONS). The ONS said the easing of inflation is partly due to falling petrol and diesel prices. Overall, fuel prices rose...

Economic outlook bleak despite 0.5% rise in GDP

Monthly GDP grew by around 0.5% in October 2022, following 0.6% drop in September, according to the Office for National Statistics (ONS). However, despite this recovery, the outlook for the UK economy remains bleak, shrinking by 0.3% in the three months to October....

Energy price cap removes risk for one in four businesses

One in four business leaders (24%) believe the Government's energy bill relief scheme (EBRS) has removed a "serious risk" to their business, according to a poll by the Institute of Directors (IoD). Out of nearly 500 directors, more than 200 reported energy making up...

Government urged to boost economic growth

The Confederation of British Industry (CBI) is urging the Government to take further action to boost long-term economic growth. CBI director general Tony Danker says the UK could see a "lost decade of growth" if the Government does not take steps to protect the...