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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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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