UK SET TO AVOID RECESSION Better-than-expected gross domestic product (GDP) data for the latest three-month period has all but dispelled fears of a UK recession this year, although the current rate of growth does remain relatively lacklustre. Official GDP figures released by the Office for National Statistics (ONS) show that the UK economy grew by […]
Continuing uncertainty in residential property market The latest Royal Institution of Chartered Surveyors (RICS) UK Residential Market Survey, has reported a decline in home listings coming onto the housing market, with the net balance for new instructions slipping to its weakest point for more than three years at -37%. This follows the more stable trend […]
RECESSION FEARS EASE The latest gross domestic product (GDP) statistics showed the economy grew more strongly than expected in July, significantly easing fears that the UK was on the verge of slipping into recession. Over the past month or so, a plethora of negative business surveys had raised serious concerns about the state of the […]
