- Tuesday, 24 January 2017
- News
UK Supreme Court ruled Parliament approval needed to trigger Article 50
As widely expected, the UK Supreme Court ruled that Parliament approval is needed to trigger Article 50 start the divorce proceedings with the EU. The Court decided by an 8-3 majority that a bill needs to be submitted to both chambers, but that the approval of the regional assemblies (e.g. Scotland, Northern Ireland) is not necessary.
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- Friday, 20 January 2017
- News
UK Retail Sales unexpectedly declined by 1.9%
Estimates of the quantity bought in retail sales increased by 4.3% compared with December 2015 and fell by 1.9% compared with November 2016. The largest contribution to the month-on-month fall came from non-food stores. The underlying trend remains one of growth with the 3 month on 3 month movement in the quantity bought increasing by 1.2%.
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- Tuesday, 17 January 2017
- News
UK CPI rose more than expected
The Consumer Prices Index (CPI) rose by 1.6% in the year to December 2016, compared with a 1.2% rise in the year to November. The rate in December was the highest since July 2014, when it was also 1.6%. Price movements for the majority of the broad groups of goods and services acted to increase the rate between November 2016 and December 2016. The main contributors to the increase in the rate were rises in air fares and the price of food, along with prices for motor fuels, which fell by less than they did a year ago.
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- Thursday, 12 January 2017
- News
UK banks' share of corporate currency business dips
The share of Britain's biggest banks in the market supplying UK companies' daily foreign currency needs fell for a second year running in 2016 as firms made more use of new trading platforms and brokers, an industry report showed on Wednesday. Banking researchers East and Partners surveyed more than 2,000 small, medium and large British firms and found falls in both the volume of business done with banks and the number of companies using them as a primary provider.
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