The economy

Unemployment rate falls to 4.4%

The jobless total fell to its lowest rate since 1975 in Q2 2017.

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Bank of England cuts growth forecast

As interest rates were held at 0.25%, the Bank of England has cut its growth forecast to 1.7%.

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UK inflation drops to 2.6%

The rate of inflation fell unexpectedly to 2.6% in June, down from 2.9% in May 2017.

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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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