Tag UK

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UK consumer confidence at record low in August

The GfK research institute has found that UK households are dissatisfied with the rising cost of living. As a result, consumer confidence fell to its lowest level since at least 1974. The UK consumer confidence index fell to a record…

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UK house prices up 7.8% in June

According to the Office for National Statistics (ONS), house prices in the UK rose by 7.8% year-on-year in June. This was the slowest increase since July last year, immediately after the government reduced the level of tax to mitigate the…

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UK inflation at highest level in 40 years in July

Inflation in the UK hit another 40-year high in July with rising food and energy costs, and the cost-of-living crisis worsened to record levels. According to the ONS, the United Kingdom’s consumer price index (CPI) rose 10.1% in July from…

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UK to import Australian gas by next week

The UK will import Australian gas next week as pressure mounts on European energy supplies. According to commodity analyst Kepler, Australian natural gas (LNG) is scheduled to arrive in the UK on August 22. Normally, Australia does not have a…

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UK consumers hit by rising energy costs

UK consumers’ energy debt is reaching a record high. Six million households in the country owed an average of 206 pounds ($249) before energy costs spiked in October and rose again in January. The UK is expected to pay an…

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UK companies hiring at lowest rate in 17 months

The UK Employment and Employment Confederation (REC) reported the weakest increase in hiring in 17 months. The report states that demand for full-time and part-time workers is weakening. Meanwhile, the Bank of England (BoE) warned of a possible recession in…

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