GDP Back To Pre-Recession Level
The economy has finally clawed its way back to pre-recession levels according to the National Institute of Economic and Social Research (NIESR), having grown by 0.9 per cent in the three months to May.Continue reading
Category Archives: Economy
A Way With Cash
Earlier today (June 10) supermarket giant Tesco launched its first current account, offering 3 per cent interest and Clubcard points, while Barclays has announced that it is launching a contactless payments wristband for customers next year.Continue reading
The Country Of Choice
New research has revealed that the UK kept its position last year as Europe’s top destination for international investors and is now the fifth most attractive target for business investment globally. Continue reading
UK Rises To Fourth Richest Country In The World
The UK has risen to become the fourth richest nation in the world, with the average family better off than those in France, Italy and Japan, according to the latest figures available from the Office for National Statistics (ONS).Continue reading
13 Consecutive Months Of Growth For House Prices
The rise in house prices in the UK accelerated to 11.1 per cent in May from 10.9 per cent in April, according to a leading building society, although the lender also said that there are signs that activity in the housing market is starting “to moderate”.Continue reading
Cashing Out
A recent survey by the British Retail Consortium (BRC) has found that shoppers are less likely to use cash to pay for their goods than ever before, with people more likely to pay with debit or contactless cards or to shop online.Continue reading
Help To Buy May Not Be Affecting House Prices As Much As Feared
The Government’s Help to Buy mortgage guarantee scheme has supported 7,313 home loans worth a total of £1bn, according to official figures published by the Treasury today (May 29).Continue reading
Packing Plastic
It has been announced that the Clydesdale Bank will become the first to issue plastic banknotes in the UK when it prints a limited edition of two million £5 notes next year, before the Bank of England puts plastic notes into general circulation in 2016.Continue reading
UK House Prices Rise
House prices in the UK rose by 8 per cent in the year to March, according to official data from the Office for National Statistics (ONS), although the annual increase slowed compared with a 9.2 per cent year-on-year rise to the end of February.Continue reading
Billions Still Not Spent On Businesses
According to the Public Accounts Committee, billions of pounds set aside to boost economic growth and jobs around the country are still unspent, with only 10 per cent of the £3.9bn allocated for businesses since 2010 actually disbursed.Continue reading
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