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News
UK economy set for another quarter of growth as ‘big picture’ shows resilience
1+ hour, 20+ min ago (491+ words) Anna Wise, Press Association Business Reporter The UK economy is expected to have recorded another quarter of growth as businesses find ways to cope with the fallout of the Iran war, but some industries are coming under increasing pressure, economists…...
Workers in Wales lose the most time to IT problems, new data shows
1+ week, 2+ day ago (447+ words) A new report shows that IT downtime is costing the UK economy £44 billion each year, and Welsh workers are losing more time to tech issues than anywhere else in Britain. Employees in Wales reported an average of around 24 minutes every…...
Bank set to hold interest rates despite intensifying Middle East war
1+ week, 6+ day ago (483+ words) The Bank of England is expected to hold interest rates again next week despite fresh uncertainty in the Middle East. Economists have said they still expect a majority of the Bank’s rate-setting committee to opt to keep the base interest…...
Car insurance creeping up for Welsh drivers, new data reveals
2+ week, 2+ day ago (943+ words) Drivers in Wales could soon see their car insurance cost start to increase, as new data shows prices have started to rise in recent months. The average cost of car insurance in the nation is now £552, which is £19 (4%) more expensive…...
UK economy beat the odds because of my choices, Reeves to say
3+ week, 5+ day ago (485+ words) Rachel Reeves will say Britain’s economy has “beaten the odds” under her stewardship, in a defence of her record ahead of Andy Burnham’s incoming government. The Chancellor is expected to argue that the UK must “maintain the credibility we have…...
Housebuilding activity hits 2026 low point amid construction downturn
1+ mon, 2+ day ago (375+ words) Activity in the UK housebuilding sector fell at the fastest pace so far this year as the wider construction sector remained firmly in contraction, according to new figures. The S&P Global UK construction PMI showed a reading of 38.4 in…...
Home mortgage approvals drop to lowest since December 2023
1+ mon, 1+ week ago (565+ words) Anna Wise, Press Association Business Reporter The number of home mortgage approvals made to buyers across the UK dropped to a two-and-a-half-year low last month, figures show. Experts said the impact of the war in the Middle East pushing up…...
Council balancing recruitment challenges with plan to trim workforce
1+ mon, 1+ week ago (421+ words) Some council jobs are proving hard to fill, as a Welsh local authority balances recruitment with a cost-cutting plan to trim its workforce by 600 staff. A new Audit Wales report found Caerphilly County Borough is largely on top of the…...
UK business growth slides to 14-month low as service sector shrinks
1+ mon, 2+ week ago (401+ words) Activity in the UK’s private sector has slumped to its weakest level for 14 months amid “sustained weakness” in the key services sector, according to new figures. It also came as firms continued to increase prices in reaction to cost pressures…...
Bank of England set to hold interest rates as it faces balancing act
1+ mon, 3+ week ago (429+ words) Anna Wise, Press Association Business Reporter The Bank of England is set to keep interest rates on hold as policymakers face the task of navigating the Middle East energy shock and a slowing economy. Many economists do not think an…...