UK services rebound in August 

The UK service sector saw its largest month-on-month rise on record last month, according to the Markit/CIPS purchasing managers index.

The figure jumped from 47.4 in July to 52.9 in August, pushing it back into expansion.

The adds to the plethora of economic data released recently suggesting the fallout from Brexit may not be as bad as expected.

Morrisons slashes prices yet again 

Struggling supermarket Morrisons has slashed prices again, as it attempts to compete with discounters Lidl and Aldi.

Prices on meat and poultry will be cut by an average of 12 percent, alongside price cuts to its range of fruit and vegetables.

Britain’s Big Four supermarkets have already been forced to cut prices to incentivise customers into store and away from budget challenger supermarkets.

Marketing director Andy Atkinson commented:

“We’re a British company, making our own ham and buying our own cattle here in Britain. By doing this efficiently ourselves we can pass much-needed savings on to customers.”

Car sales jump in August 

Car sales saw a 3.3 percent increase in August compared to a year earlier, according to the Society of Motor Manufacturers and Traders.

81,640 vehicles were registered last month, up 2.8 percent in the first eight months of the year.

05/09/2016