ONS data shows GDP grew by 0.5%
Economy grows more than expected in May
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Current Affairs
Footfall for businesses increases
Cost of living crisis persuades consumers to shop around.
New Chancellor takes aim at rising costs
“Nothing is off the table”, according to Chancellor Nadhim Zahawi.
Retail sales fall in May
ONS report shows a drop in food purchases
Inflation rises to 9.1%
CPI rate at the highest level for 40 years.
Bank of England raises interest to 1.25%
Interest rate hits 13-year-high.
Lending trends for SMEs returning to normal
UK Finance report showed uptick in Q1 2022.
Economy contracts in April, figures show
Test and trace decline sees GDP shrink by 0.3%.
Business footfall increases for Jubilee weekend
Overall footfall is still at lower levels than previous years.
Energy price cap to increase in winter
Ofgem boss warns of a rise of nearly £1,000 by October.
Retail sales volume rose in April 2022
Sales volumes in three months to April continue to drop.
Sunak sets out ‘plan for growth’ but falls short of immediate support
Chancellor insists the Government “stands ready to do more”.
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