The economy

SMEs confident about growth prospects

Small and medium-sized businesses are predicting strong growth in turnover during the next 5 years, according to a survey by Santander.

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Export success for recession-era SMEs

Two thirds of exporting SMEs that were set up during the recession began exporting within their first year, research by Barclays has found.

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Small firms fuel economic growth

More than a third of economic growth in 2013 was created by fast growing small firms, a report by Octopus Investments and the Centre for Economics and Business Research has found.

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Unemployment rate falls to 6%

The number of unemployed people fell by 154,000 to 1.97 million between June and August 2014, according to official figures.

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Faster wage growth for private sector

Private sector wages are likely to rise faster than those in the public sector during the next 5 years, a report from the Institute for Fiscal Studies (IFS) has found.

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Shop prices fall 1.8% in September

Shop prices fell by 1.8% in the year to September 2014, according to figures from the British Retail Consortium and Nielsen.

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Online sales growth at 10-month high

The online retail sector grew by 18% in the year to August 2014, according to e-retail industry body IMRG.

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Economy to grow 3.2% in 2014

The UK economy will this year grow by more than 3% for the first time since 2007, according to updated forecasts from the British Chambers of Commerce (BCC).

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Inflation falls in July

The consumer prices index rate of inflation fell to 1.6% in July 2014, down from 1.9% in June 2014, according to official figures.

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Scottish employment at record high

Employment in Scotland has reached the highest level since records began in 1992, according to figures published by the Office for National Statistics.

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