The Bank of England’s new Deputy Governor, Nemat Shafik, suggested that higher interest rates may be on the Bank’s agenda soon, telling members of the Treasury Committee that the task of managing a smooth exit from very low interest rates would rank amongst her biggest challenges in her role of Deputy Governor for Markets and Banking. Continue reading
Growth in manufacturing output slumped 1.3 per cent in May, the biggest decline since January 2013, according to official figures released yesterday (8 July), while the wider measure of industrial output also decreased over the month, falling by 0.7 per cent.Continue reading
The Confederation of British industry (CBI) has warned that UK firms face millions of pounds in compensation bills because of a recent ruling by the European Court of Justice (ECJ) that said workers should be paid commission even when on holiday.Continue reading
The UK will become the world’s fifth biggest economy and the second largest in the European Union, behind Germany, by 2020, according to recent predictions. Continue reading
Although growth in the UK’s dominant service sector slowed slightly in June, overall expansion remained strong, indicating further strengthening of the economy in the first half of 2014 and pointing to a buoyant six months to come.Continue reading
‘Pulling a sickie’, or taking a day off work for reasons other than genuine illness, is crippling business in the UK, with up to £9bn lost a year, according to a recent study.Continue reading
According to recent research, just over one third of small businesses plan to increase overseas sales over the next 12 months, generating an additional £15bn in export revenue for the UK. Continue reading
As of today (July 1), the amount that savers can put into the new form of tax-free ISAs increases to £15,000 and, in a change to the rules, they are able to use them for any combination of cash or shares.Continue reading
According to the Bank of England’s Deputy Governor for Monetary Policy, Sir Charlie Bean, interest rates could return to the pre-recession level of 5 per cent in “the very long term”.Continue reading
New research has revealed that UK consumer confidence in June has risen to its highest level since 2005, climbing by one point this month to +1 from 0 in May and moving into positive territory for the first time in over nine years.Continue reading
Can we help? Talk to our expert team
