Interest Rates In UK Expected To Be Held

The Bank of England are expected to meet tomorrow to determine interest rate policy for next month, with many analysts predicting interest rates to remain at 5.75%.
The Bank of England monetary policy committee is responsible for interest rate policy, and monitoring inflation and economic growth.  However, with volatility potentially leading to recession, the Bank is […]

Bank of England Takes Steps To Ease Credit Crisis

The Bank of England has today announced new measures designed to tackle short term bank liquidity problems caused by the increasing sub-prime sector problem in the US.
The Bank has risen the amount of cash assets that can be held at the central bank for overnight use, in order to relieve pressure on inter-bank lending rates […]

UK Merger Activity Sets New Record Over Last Quarter

UK company activity reached a record high for the last quarter in terms of the value of mergers and acquisitions, according to official figures released today.
The figures, released by the Office for National Statistics, suggested that foreign firms had invested £49 billion ($100 billion) in UK acquisitions over the second quarter of this year, which […]

UK Manufacturers Enjoy Strong Growth

The UK manufacturing sector has enjoyed a decade-high performance, recording unparalleled growth in recent times according to a report released today.
The report, released by the EEF business group, highlighted that the number of orders and output at manufacturing businesses nationwide had increased over July, August and September, reflecting ’sustained growth’ in the industry.
The figures have […]

Interest Rate Rises Impacting On Consumer Lifestyles

Consecutive interest rises have led to consumers feeling the heat, according to figures released today in the UK suggesting consumer sales nationwide have fallen over the course of the second quarter.
Over the second quarter of 2007, sales in leisure and travel industries, as well as in personal electronics and healthcare have fallen, whilst professional business […]

BAA Cutbacks Could Lose 2,000 UK Jobs

BAA, operator of major airports throughout the UK, has today announced its decision to lay off staff from its sites across the country in accordance with its recent review on efficiency.
Whilst roles in security and customer care would not be sacrificed, the potential losses, which according to some reports could amount to 2,000, could fall […]

UK House Prices Slowing

The price of homes across England and Wales have grown at are slower pace through the month of July according to official figures released today.
In figures released by the Land Registry, house price inflation was shown to have come in at by 0.1% over the last month, taking the year on July house price inflation […]

Volatility In Markets Hits Business In UK

UK business has been dealt a significant blow by recent market conditions, and the unrest across the pond, according to a report released today.
With stock markets thrust into violent decline over the last few weeks, and ongoing problems in the US economy, UK market investors are beginning to feel the heat, and are losing confidence […]

UK Savings Study Turns Surprising Results

In the wake of years of economic growth, around a quarter of the population of the UK don’t save any money on a regular basis, according to a report released this morning.
The report, commissioned by The Post Office, reflected an astonishing trend towards spending rather than saving money, with the majority of those who do […]

Consumers Set To Feel The Force Of Meat Price Inflation

Consumers across the world are likely to feel the brunt of escalating meat prices according to a study released today.
The survey published today by accountants and business think-tank Delloite reflected an imminent threat of meat price inflation, off the back of rising farming costs on a global scale.
After a year of poor weather for growers […]

UK Mortgage Lender Northern Rock To Up Sub-Prime Rate

Mortgage lender Northern Rock has announced today that its rates for sub-prime lenders will increase as of next week, by as muich as 1.25% in some cases.
In the announcement made today, the lender said it will no longer offer variable rate mortgages in its sub-prime range, and will up the price of fixed rate mortgages […]

UK Home Buyers Face Wrath of US Crisis With Further Market Clampdowns

Aspiring UK home owners, with bad credit history, are finding it increasingly difficult to get onto the property ladder, analysts have revealed.
Following a slump in the US markets - through the realisation that the ratio of sub-prime bad debt will be higher than expected - lenders have responded by re-aligning their willingness to give credit […]

UK Coffers Boosted By Increased Tax Revenues

The United Kingdom has increased public finances through July, after steadily increasing tax revenues have lifted the budget surplus, according to figures released today.
The figures released by the Office for National Statistics have highlighted an increase in budget surplus from £8.1 billion last year on July to £8.6 billion.
Growing revenues from stamp duty, corporation and […]

UK Sub-Prime Market Toughens On Credit Crunch Fears

The UK sub-prime lending market has become increasingly tight after the ongoing scandal in the equivalent US market, according to a recent survey.
The survey shows that lenders in the risky sub-prime sector in the UK, responsible for lending to those with poor credit histories, have learnt the lessons of the US situation, consequently tightening their […]

UK Retail Sales Up In July

Sales on the high street have grown over the course of July, according to official figures released today.
The figures released by the Office for National Statistics show an increase in retail sales by 0.7% on the month, thought to be a direct reaction to discount and bargain offerings.
The rise from May is the biggest growth […]

UK Unemployment Down

Unemployment in the United Kingdom economy has declined over the second quarter of this year, according to official figures released today.
Unemployment figures, measured in terms of claimants of state unemployment benefit, have shown a consistent downward trend of late, reflecting increasing job opportunities for those previously reliant on government hand outs.
The figures, released by the […]

Bank of England Unanimous In Interest Rate Freeze

The Monetary Policy Committee of the Bank of England were unanimously behind maintaining interest rates at 5.75% last month, according to documents published today.
The minutes of the meeting held towards the beginning of this month held a 9-0 vote in favour of keeping interest rates at the central bank steady at 5.75%.
Interest rates have been […]

UK First Time Buyers Stay At Home In July

The number of first time home buyers in the UK fell sharply over the course of July, according to a report released today. 
The figures out today, released by the Royal Institution of Chartered Surveyors, showed the fastest decline in first-time buyers for over three years. 
Simultaneously, the number of properties remaining unsold throughout July was also […]

UK Inflation Falls Beyond Expectation

The United Kingdom’s rate of inflation has fallen below analyst expectations to just 1.9% through July.
The figures released today show a drop in inflation greater than many had previously expected, taking it below government targets for the first time in over a year.
The Consumer Price Index reflected a significant downturn in price inflation from 2.4% […]

UK Bottom of EU Employment Leave League Table

The United Kingdom is routed firmly in last place in Europe in terms of employee holiday entitlement, according to figures released today.
The figures were compiled by Incomes Data Services to reflect a league table of Europe-wide employment statistics, showing at a glance the minimum annual leave in days per annum throughout the European Union.
Despite proposed […]

« Previous Page — Next Page »