A new survey by the Confederation of British Industry (CBI) revealed that confidence in the UK's services sector has dropped due to persistent cost pressures and weak demand.
UK retail stocks, including major names like Associated British Foods (Primark) and Kingfisher, experienced a sell-off following a bearish note from Deutsche Bank about a slowdown in discretionary spending.
New data shows that nearly 4,000 company directors have left the UK in recent months, raising concerns about a potential 'wealth exodus' ahead of possible tax increases.
Business leader optimism in the UK economy has fallen to its lowest level since records began in 2016.
Average UK house prices rose by 0.6% in July, recovering from a previous dip, according to Nationwide.
Official figures reveal that renewable sources provided over half of the UK's electricity for the first time in 2024.
The British Pound is experiencing its weakest month against major currencies in nearly two years.
UK retailers have cautioned that potential tax increases proposed by Shadow Chancellor Rachel Reeves could lead to higher prices for consumers and job losses.
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