4 Things You Need To know (24/8/17)
Please note this blog post was published over 12 months ago and so may not include the most up-to-date information, for example where regulation around investing has changed.
Welcome to our daily update, where we summarise the key talking points from the last 24 hours.
1. Migration fall since Brexit vote
Net migration has fallen to 246,000, the lowest number for three years. This is partly due to a rise in EU nationals leaving the UK since last June’s Brexit vote.
The Office for National Statistics said “These results indicate that the EU referendum result may be influencing people’s decision to migrate into and out of the UK, particularly EU and EU8 citizens.”
2. Household spending
Household spending grew by 0.1% in June, marking the lowest rise in two and a half years. The slowdown has been attributed to a decline in car sales. The
The Office for National Statistics also revealed that economic growth was 0.3% in the second quarter of 2017.
3. Premier League spending goes beyond £1 billion
Premier League spending in this transfer window has gone beyond the one billion mark, business analysts at deloitte have reported.
The previous record was £1.156 billion set in the 2016 window. With the window closing on August 31 this year, it has already smashed that record, with spending at £1.17 billion. Manchester United have led the way with £75 million paid to Everton for Romelu Lukaku.
4. GCSE Pass rate down
The overall pass rates for GCSE students has fallen this year, with the new grading system bearing some responsibility.
The new grades go from a high score of 9 to 1, replacing the traditional A* to G grades. The new system is being tested out in English, Maths and Science.
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