Uk economy news today

Here are the latest UK economy news updates:

Brexit and Trade

• The UK and EU have agreed on a new trade deal, which will come into effect on January 1, 2021. The deal aims to reduce tariffs and quotas on goods traded between the two sides. (BBC News)
• The UK's Office for Budget Responsibility (OBR) has warned that the country's economy could shrink by 2.6% in 2021 due to the impact of Brexit and the COVID-19 pandemic. (The Guardian)

Economic Growth

• The UK's economy grew by 0.1% in the three months to October, according to the Office for National Statistics (ONS). This is slower than expected and follows a 0.4% contraction in the previous quarter. (The Telegraph)
• The Bank of England has kept interest rates at 0.1% and maintained its quantitative easing programme, citing the ongoing impact of the pandemic on the economy. (Financial Times)

Inflation

• UK inflation rose to 0.6% in November, up from 0.5% in October, according to the ONS. This is still below the Bank of England's 2% target. (The Times)
• The OBR has warned that inflation could rise to 1.5% by the end of 2021 due to the impact of higher energy prices and the depreciation of the pound. (The Financial Times)

Unemployment

• The UK's unemployment rate fell to 4.2% in the three months to October, down from 4.3% in the previous quarter, according to the ONS. (The Guardian)
• The number of people claiming unemployment benefits in the UK fell by 28,000 in November, according to the Department for Work and Pensions. (The Telegraph)

Business and Industry

• The UK's services sector, which accounts for around 80% of the country's economy, grew at its slowest pace in seven months in November, according to a survey by the Chartered Institute of Procurement and Supply. (The Financial Times)
• The UK's manufacturing sector grew at its fastest pace in 11 months in November, according to a survey by the Confederation of British Industry. (The Telegraph)

These are just some of the latest UK economy news updates. If you're looking for more information, I can try to help you with that!