The economy

SME confidence falls for first time in a year

Confidence among small businesses falls 5 points in Q2 2017.

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Inflation rate rises to 2.9%

Rising prices for recreational goods, including computer games, toys and hobbies contributed to the increase in the inflation rate last month.

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Trade deficit rises to £10.5bn

Total trade deficit in goods and services widened by £5.7 billion to £10.5 billion between Q4 2016 and Q1 2017.

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Inflation forecast rises to 2.8%

The Bank of England has raised its forecast for inflation this year to 2.8% – up from its February forecast of 2.4%.

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UK Inflation rate jumps to 2.3%

The inflation rate rose to 2.3% in February 2017, the highest rate since September 2013.

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OBR upgrades UK growth forecast for 2017

UK growth has now been forecast at 2% in 2017, up from the 1.4% previously predicted.

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Industrial strategy announced

The government has published its industrial strategy green paper outlining plans to improve the country’s productivity and infrastructure.

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UK inflation rate rises to 1.6%

The consumer prices index measure of inflation rate rose to 1.6% in the year to December 2016.

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BCC: economic growth to slow

Economic growth is set to slow over the next 2 years, according to the British Chambers of Commerce.

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Inflation measure to change from March 2017

The Office for National Statistics will begin using CPIH to measure inflation from March 2017.

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