Global economic growth forecast cut by the IMF
The International Monetary Fund (IMF) has taken the decision to lower its previous forecast for worldwide economic growth following a number of significant changes.Continue reading
Britain bucks the trend with second-fastest level of growth among major nations
Britain is among a handful of shining lights in the global economy this year as the world sees the slowest period of growth since the depths of the financial crisis, according to the International Monetary Fund.Continue reading
Chancellor announces that local councils can keep business rates worth £26 billion
At the Conservative Party conference yesterday, Chancellor George Osborne announced that local authorities across England will have the right to keep all proceeds they collect from business rates in their area.Continue reading
UK Government is set to sell £2 billion Lloyds Bank stake to the public
The Treasury has announced that the Government intends to sell its remaining 12 per cent stake in Lloyds Bank to private investors, which will see shares worth a minimum of £2 billion changing hands.Continue reading
Apprenticeship target causes consternation
Some of the UK’s leading business groups have raised concerns about the Government’s aim to create three million apprenticeships in the space of five years.Continue reading
5p carrier bag charge to be implemented by high street retailers from Monday
New rules from the Department for Environment, Food and Rural Affairs (Defra) mean that more high street stores will be charging 5p for every plastic bag given to a customer.Continue reading
Savers see Isa rates fall to a record low
Average cash Isa rates have fallen to just 1.43 per cent as providers continue to steer away from new tax-free offerings, Bank of England data has found.Continue reading
CEBR predicts that interest rates will not go up before summer 2016
Due to the fact that the UK’s economic recovery has slowed down, which is partly due to the fallout from problems in China, the Centre for Economics and Business Research (CEBR) has stated that interest rates will not rise before the end of summer next year.Continue reading
Bank of England warns that buy-to-let boom could pose risk to UK economic recovery
The Bank of England has issued a warning that in the event of UK house prices falling there could be major repercussions, resulting in a UK economic recovery setback.Continue reading
Savings rates are on the rise
The majority of high street banks in Britain have increased their rates for savers, though National Savings & Investments (NS&I) has gone against the market trend and decided to cut the rate on its Direct Isa, meaning it will be 1.25 per cent from 16th November.Continue reading
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