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Alex Salmond appeals for extra Scottish funding
Only a couple of days ago Alex Salmond suggested that the Scottish economy would not suffer like those around the world, that the economy was stronger and had been well managed by....well, his own party. However, a few days in politics is a long time as Alex Salmond cynically uses the plight of the Scottish people to try and bump the UK authorities for a extra £1 billion in funding. But are the...
Read MoreUK Treasury Minister reveals details of private discussions with Sir Fred Goodwin
UK Treasury Minister Paul Myners has today placed himself in a very awkward situation after revealing the details of very private discussions with Sir Fred Goodwin, the former chief executive of the Royal Bank of Scotland. He revealed, in excruciating detail, that at least 100 people at the Royal Bank of Scotland, and possibly as high as 200, actually earned more money in a year than Sir Fred Good...
Read MoreBank Of England Move To Calm Markets
As the UK stock markets fills with rumours that the Bank of England is set to move interest rates higher, Mervyn King has stepped in to try and take some heat out of the situation. Sitting in front of a Commons Select committee, investigating the credit crunch and the ongoing economic woes of the UK, King was asked a number of questions from the future direction of the housing market, the inflati...
Read MoreSainsburys and Netto team up
06/11/2014 Sainsburys is set to open 15 discount stores in partnership with Danish discount chain Netto. The first Netto store opened today in Moor Allerton, Leeds. Sainsburys will not be taking on rival discount stores Aldi and Lidl, who’s share of the market is increasing at a substaintial rate. New-look Netto is launching as a joint venture between parent company Dansk Supermarked a...
Read MoreStandard Life announces 500 job losses
Edinburgh-based insurance and pensions giant Standard Life has today announced 600 job cuts over the next 15 months although the company did confirm that an additional 100 new posts would be created. The vast majority of the job losses, around 480, are expected to come from the company's Edinburgh offices with the remainder spread across the UK as a whole. Like so many financial companies in th...
Read MoreTriple-Dip Recession may be avoided after all
There is fresh optimism that another period of recession, the third in just over five years in the UK, will be avoided. A report from ICAEW / Grant Thornton Business Confidence Monitor (BCM) has revealed that business confidence is now at the highest level since the second quarter of 2011. The BCM survey has forecast that, instead of another period of decline, the UK economy is set to grow by...
Read MoreGeorge Osborne urges the Bank of England to cut interest rates next week
All political parties, business associations and consumer interest groups have joined in urging the Bank of England to cut UK base rates next week in a move to try and relieve some of the pressure on business and consumers. Some are calling for a half point cut, and more, in order to have any meaningful impact on the UK economy. If the Bank decided to retain rates at current levels we are highly l...
Read MoreUS Federal Reserve unlikely to raise interest rates
The US Federal Reserve has confirmed there are no plans to increase US interest rates in the short to medium term even though there are signs of recovery in the US economy. It would appear that the $1 trillion injection into the economy is starting to have an impact although with inflation under control and the unemployment market yet to respond positively to renewed economic activity, the Fed has...
Read MorePeter Mandelson joins the argument regarding City bonuses
The UK government has again stepped in to attack the Financial Services Authority (FSA) and the ongoing attempt to curb bonuses and remuneration packages in the City. While Lord Mandelson himself, and his fellow MPs, are no strangers to the more lucrative end of the bonus and remuneration package market they have threatened legal action against the banking industry as a means of curbing future pay...
Read MoreDoes the UK still have the same say within the EU?
Over the last few months we have seen the UK government criticised by EU partners, stitched up in the recent EU ministerial posts saga and effectively sidelined by many EU partners. There is no doubt that the UK is now a less prominent figure within the EU, perhaps based on the fact that the UK has yet to adopt the euro. So will the UK ever regain its prominence within the EU? The likes of Fran...
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