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UK Economy News

Listing 2898 articles over 290 pages

Shoplifting A Serious Problem For UK Businesses

A report by the BBC has confirmed that upwards of £4 billion year is lost by UK retailers because of shoplifting by customers and theft by staff. This is a major problem for the UK retail industry which is struggling to make ends meet during these difficult economic times and the theft of goods to a value of £4 billion blows a major hole in the stability of the sector.

CBI Confident Private Sector Will Take Up The Slack

The CBI has today confirmed its view that the private sector is well-positioned to soak up the significant job losses forecast for the public sector. While this would seem to be at odds with the recent collapse of public services management company Connaught which suddenly collapsed due to a forecast reduction in public sector spending, maybe this was a special and unique situation?

Yet More Contradictory News On The UK Economy

Monitoring and forecasting the direction of the UK economy has become an art in itself over the last few months with news that advertising budgets increased marginally by 0.5% in the third quarter of 2010. This compares with a decline of 4.6% in the previous quarter and would on the surface appear to indicate that the UK economy has upturned. However, there are short to medium term concerns about the UK economic situation.

Royal Mail Requests Price Increase

Royal Mail has today put forward plans for a price increase with so-called "bulk mailers" the likely targets for an exercise which could raise an additional £100 million a year. Those who appear to be in the firing line include banks, utility companies and catalogues which tend to use the UK mail service frequently with tens of thousands of letters and bills sent out each and every day. But is this fair?

Ernst & Young Optimistic Regarding UK Economy

The very influential Ernst & Young Item Club has today issued a very encouraging and moderately upbeat report on the UK economy and the UK housing market. Experts at Ernst & Young believe that while the UK housing market and the UK economy will soften during the remainder of 2010 and into 2011, they are only forecasting a reduction in house prices of 5% from the recent peak and at worst a soft patch for the UK economy.

Cyber Defences To Receive £500 Million Boost

It is understood that the UK government and security forces believe that computer hackers now pose more of a problem to UK defences than many of the more traditional foes. As a consequence while many departments in the government will find out by how much their budgets will be reduced by in the medium term, an additional £500 million will be accredited to the development of cyber defences in the UK.

Why Are We So Unprepared For A Financial Downturn?

Over the last few months there has been plenty of discussion and warning in relation to a possible economic downturn in the UK but recent surveys suggest that very few people in the UK are actually prepared for the possible event. As we move closer towards the UK government's announcement on budget spending cuts, which will total tens of billions of pounds, the UK economic environment can only get worse before it gets better.

Are Social Media Sites A Myth Regarding Business Productivity?

Over the last few years the talk has been of Facebook, Bebo and other social networking websites with a number of businesses clamouring to gain exposure to these massive markets. However, a number of companies have now stepped forward to question the actual productivity gains associated with social networking sites with 52% of those replying to a recent Forum of Private Business survey suggesting the likes of Facebook and Twitter were either "not useful" or "useless" to their businesses.

What Would Happen If The US Economy Collapsed?

Rumours and murmurs from within the US authorities seem to indicate that a major fiscal stimulus program is on the verge of being announced as the US economy takes a further downward turn. But what would happen to the worldwide economy, and local economies, if the US economy was to collapse?

Dollar Falls To 15 Year Low Against The Yen

As we covered in one of our earlier articles, the Federal Reserve in America has indicated that a number of fiscal stimulus programs will be introduced in the short to medium term to refloat the economy. Aside from the fact that funding will be required for these stimulus programs there is also a realisation that the US economy is struggling and in need of significant assistance.

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