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In total last week saw a massive 25,000 people placed on the unemployment list as companies around the UK continue to cut down on their operating costs. Unemployment is fast approaching the 2...
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UK economy News Archive → Syndicate this
Wednesday 9th July 2008
Begbies Traynor Sees Insolvencies On The Up While the corporate insolvency experts Begbies Traynor may have reported a fall in 2007/2008 profits to £5.7 million it seems that the worse the economy gets in the UK, the better the...
Wednesday 9th July 2008
Consumer Confidence Hits Rock Bottom The Nationwide Consumer Confidence Index has hit a new low of 61, falling from 65 last month and 93 only 12 months ago. It seems as though more and more consumers are negative about the prospects...
Wednesday 9th July 2008
Even Stuart Rose Is Feeling The Pain! He may be the darling of the retail world, he may have turned around Marks and Spencer, but it seems that even the likes of Stuart Rose are not immune from the affects of the ongoing credit crunch...
Monday 7th July 2008
Foreign holidays on decline as Britons cut costs Many hard-pressed consumers are giving up their foreign holidays this summer in order to save money. According to a poll from Norwich Union, around one third of the holidaymakers will forego their...
Monday 7th July 2008
Low-paid workers are Britain's 'invisible poor' Around five million people have become Britain's "invisible" poor, the National Consumer Council (NCC) said today. According to a new report from the body, workers in low-paid jobs have ...
Sunday 6th July 2008
FSA Under Pressure For Large Exec Pay Off In a move which some have suggested is a reward for failure, the most senior official from the FSA to lose his post in light of errors in the handling of Northern Rock has been rewarded with a...
Friday 4th July 2008
Employee Fraud At An All Time High A recent report by BDO Stoy Hayward has revealed that true extent of rising business fraud across the UK. The study has shown an alarming 74% rise over the last six months and signs that worse is...
Wednesday 2nd July 2008
Is The Oil Price Set To Move Higher? A the oil price moves menacingly back towards highs reached early last week, there are concerns that the uneasy standoff between Iran and Israel is set to cause more friction and concern in world...
Wednesday 2nd July 2008
Rising inflation predicted by public Consumers expect living costs to rise still further over the next year, Citigroup has claimed. The bank found that the current average inflation expectation among the general public for 12 months'...
Sunday 29th June 2008
Is Mervyn King On Probation? As the economic crisis in the UK deepens there is a strong belief that once the economy shows any sign of recovery Mervyn King, the Governor of the Bank of England, will be shown the door. His...
Friday 27th June 2008
Bank governor signals rate hold The Bank of England seems unlikely to raise rates, following comments made to MPs by its governor. Addressing the Treasury Select Committee yesterday, Mervyn King said that it was a priority for t...
Friday 27th June 2008
UK Households Sinking Under Debt Burden It is only after the mist has cleared on one of the longest running economic booms in the history of the UK that the fuller picture is now visible. As house prices were moving higher and...
Thursday 26th June 2008
Government prepares equal pay laws Women should have their right to equal pay strengthened by new laws, minister for equality Harriet Harman said today. The government is set to beef up the legislation in its upcoming Equalities Bi...
Thursday 26th June 2008
Bank 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...
Wednesday 25th June 2008
Bank unveils rights issue plans Barclays is to sell £4.5 billion of new shares in order to improve its balance sheet. The bank revealed today that overseas investors would take up the bulk of the stock offer, known in the i...
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