Spending by tourists visiting the UK has surged at its fastest rate in seven years, according to recent data from the Office of National Statistics(ONS).
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The UK economy grew by a modest 0.4% in the recent quarter, tourist spending surged and the current account deficit narrowed but the 2018 outlook remains uncertain.
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Oil prices are up after inventories slumped last week, however, traders expecting a breakout will need to wait for further bullish confirmation.
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Ever since the start of the great depression productivity in the UK has been slowing in an unprecedented decline not seen since late Victorian times, says a recent report from a leading ONS economi…
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The industrial sector took a pause from its summer expansion in October, but remains in rude health and is expected to add to fourth-quarter growth.
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Tuesday’s data comes alongside heightened uncertainty for the Pound after PM May's last-ditch effort to move Brexit negotiations onward fell apart in Brussels Monday.
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The economy regained lost momentum during the third-quarter, expanding at a rate of 0.4%, up from the 0.3% seen in the second and first quarters.
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