Some of the business stories making the national headlines today.

State pension age rise will not happen early

The government is set to announce that the state pension age is not going to be brought forward.

The current age of 66, is due to rise to 68 by 2044, however, a government review that took place in 2017, suggested that the pension age would be brought forward. It is believed that the work and pensions secretary is expected to tell parliament that a final decision would be made in 2026.

Full story via BBC

Mortgage approvals on the rise after six months of stagnation

After six months of stagnation, mortgage approvals rose for the first time in six months.

The Bank of England stats showed that home loan approvals rose to 43,536 in February. The rise in approvals is amid signs that the housing market is recovering from the conditions seen in Autumn.

Via the Guardian

UK car production rises after supply chain issues start to ease

UK car production rose by 13.1% after exports to the European Union rose. The rise in production was also helped by issues with semiconductors further down the supply chain, easing.

Hybrid, plug-in and EV production output was up by 72.2%

The private sector continues to stagnate

The CBI revealed that the private sector continued its downward trend as it shrunk for the eighth quarter in a row. The CBI warned that the country was "skirting stagnation-like conditions".

They did however say that the latest data did show some shoots of recovery

Full story - Sky News

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