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Tag Archives: UK

UK Inflation Jumped in June

Britain’s inflation rate unexpectedly jumped last month, to its highest level since March, as clothing stores refrained from the usual summer cuts after reopening their doors following general isolation measures due to the Coronavirus, but most economists expect it to return soon. The Office for National Statistics said the annual …

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UK Annualized CPI Beats Estimates

The UK Consumer Prices Index (CPI) 12-month rate came in at +1.0% in July compared to +0.6% in June while beating expectations of a +0.6%, the UK Office for National Statistics (ONS) reported on Wednesday. Meanwhile, the core inflation gauge (excluding volatile food and energy items) came at +1.8% YoY …

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UK Manufacturing Production Rebounds in June

The Office for National Statistics (ONS) published the UK industrial and manufacturing production data on Wednesday, as the overall industrial sector returned to expansion in June. Manufacturing output arrived at 11.0% MoM in June versus 10.0% expectations and 8.4% booked in June, while total industrial output came in at 9.3% …

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UK’s Sunak: Economy is now in Hard Times.

Following the release of the key UK macro data on Wednesday, the British Finance Minister/ Chancellor Rishi Sunak said that the UK economy is now in ‘hard times’, the figures today confirm that. “There will be many more job losses in the coming months.”“Hundreds of thousands of people have already …

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Unemployment Benefits in Britain at 94.4 Thousand

Unemployment benefits in the British economy decreased between May and July 2020, while analysts’ expectations were pointing to a decline. And data released by the British National Statistics Office on Tuesday showed that unemployment benefits in Britain rose to 94.4 thousand applications compared to 68.5 previously. Analysts had forecast that …

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UK and Japan Nearing Post-Brexit Trade Deal

The United Kingdom (UK) is near to reaching a trade agreement with Japan, as the two countries have reportedly reached substantial progress in negotiations for a bilateral post-Brexit trade deal. A preliminary agreement could be signed by the end of August, Reuters reported. “We agreed to accelerate talks with an …

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