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Scottish economy slumps while rest of UK economy grows

Scotland’s Chief Statistician has recorded a 0.2% decline in the country’s economy in the last quarter of 2016. In contrast, the rest of the UK economy grew by 0.7% during the same period. The Scottish economy has witnessed a drop

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UK economy ‘contracted in fourth quarter’

BBC-The UK economy contracted by 0.3% in the last three months of 2012, according to the National Institute of Economic and Social Research (NIESR). The NIESR blamed it on artificially strong growth in the third quarter. If the figure is

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UK economy 'contracted in fourth quarter'

BBC-The UK economy contracted by 0.3% in the last three months of 2012, according to the National Institute of Economic and Social Research (NIESR). The NIESR blamed it on artificially strong growth in the third quarter. If the figure is

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CBI: UK must stay in Europe to boost business success

BBC- The CBI says the UK needs to keep its place within the European Union to push for freer trade for its businesses. The business lobby group says the UK should use the EU to help rebalance the economy towards exports

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Empty shops at record levels in UK town centres

According to a survey from the British Retail Consortium (BRC), the proportion of empty shops in British town centres hit a record in October in the face of rising costs and sluggish sales. 2012 has seen several high profile retail

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Things Don’t Look As Bad for UK’s Economy

A revised data from the Office for National Statistics (ONS) showed that UK’s economy contracted by 0.5% during the second quarter, less than the 0.7% predicted last month. The construction sector had better productivity than thought. The output from the

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British Chambers of Commerce cuts growth forecast

The British Chambers of Commerce (BCC) has slashed its forecast for economic growth this year, from 0.6% to 0.1%. But the group, which represents more than 100,000 businesses, raised its forecast for 2013 from 1.8% to 1.9%. The data, in

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