Stay up to date with the latest developments in the British economy. Looking at domestic and global economies, our business news helps industries understand important events and build strategies for the future. The CBI's economy news team draws on a wealth of experience, and a vast network of businesses from across the UK. We also provide regular reports and surveys which can be found on the CBI site.
The UK inflation rate slowed in December, suggesting that upward pressure from the fall in the pound post-Brexit may have subsided. Meanwhile, surveys point to resilient growth in the fourth quarter of 2017 and manufacturing growth remains strong.
Q3 GDP growth rate was unrevised in its final estimate at 0.4%. However, revisions to the composition of growth left it looking more balanced over the quarter. Employment continued to fall in the three months to October, but the labour market remains relatively tight.