Some of the business stories making the national headlines today.

UK avoided recession in the fourth quarter of 2022

The UK economy showed some growth in the second half of 2022. After originally estimating in February that the UK economy had remained stagnant, the Bank of England has now revised that figure upwards to 0.1% growth in the fourth quarter of 2022.

The manufacturing and construction sectors all fared better than previously thought.

Via Sky

Uk house prices in biggest annual fall since 2009

House prices fell on average year-on-year by 3.1% making it the worst average decline since the credit crunch of 2009. Many analysts have blamed the fluctuation and slump on the mini-budget.

Prices remained mostly flat in Northern England.

Full story via Sky

UK firms are more hopeful with business confidence on the rise

Business confidence is rising, according to Lloyds Bank with the belief that Britain could swerve a recession. Wage expectations and hiring intentions are also rising according to the new survey.

Via Reuters

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