The economy

Scottish GDP above pre-recession level

Scottish gross domestic product grew 1% in the first quarter of 2014, according to figures released by Scotland's Chief Statistician.

Inflation rises sharply

The consumer prices index rate of inflation rose sharply to 1.9% in June 2014, up from 1.5% in May 2014, according to official figures.

Manufacturing output falls 1.3%

UK manufacturing output fell by 1.3% in May 2014, the biggest drop since January 2013, according to official figures.

House prices remain strong

The UK housing market 'remained strong' in June 2014 as prices rose 1% during the month, according to data collected by Nationwide.

Northern Ireland international trade scheme launched

A support scheme designed to help businesses in Northern Ireland trade internationally has been launched by the Northern Ireland Chamber of Commerce.

IT and digital support for SMEs

Small and medium-sized enterprises can now apply for IT and digital support worth up to £2,000, after the UK IT Association joined the Government’s Growth Voucher programme.

House prices rise 0.7% in May 2014

The average price of UK homes rose 0.7% in May 2014, slowing slightly from the 1.2% increase in April 2014, figures from Nationwide reveal.

Workplace optimism increases

Consumer confidence has reached its highest level in almost 7 years and optimism is increasing among UK workers, according to a study by YouGov and the Centre for Economic and Business Research.

Business groups increase economic growth predictions

The UK economy will grow by 3.1% in 2014 and 2.7% in 2015, according to the British Chambers of Commerce.

Service sector optimism increases

Businesses in the service sector want to take on more staff as optimism rises, according to research from the Confederation of British Industry.

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