The economy

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.

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.

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.

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.

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.

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).

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.

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.

NI apprenticeships could narrow skills gap

Businesses in Northern Ireland predict a skills shortage, according to research by Confederation of British Industry.

Students dream of becoming entrepreneurs

Almost a quarter of people starting university this year plan to work for themselves when they graduate, research by HSBC has found.

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