Business group urges continuation of export drive
The UK must invest and export more to ensure that its ‘stellar’ growth this year is not a short-term effort, or ‘a flash in the pan’, a leading business group has warned. Continue reading
NISAs nicer for savers
More people put money into their savings accounts in July following the launch of New Individual Savings Account (Nisa) rules, according to the British Bankers’ Association (BBA), with savers depositing £4.95bn during the month, almost matching the total for the previous six months. Continue reading
Firms more optimistic
According to a survey from the Confederation of British Industry (CBI), optimism among customer services firms is strong, with 48 per cent of companies feeling more confident than three months ago.Continue reading
Food spending falls
Spending on groceries has fallen for the first time since records began 25 years ago, as supermarkets wage price wars and consumers fail to feel the effects of the economic recovery.Continue reading
Tide is turning in MPC
Two out of the nine members of the Bank of England’s Monetary Policy Committee (MPC) voted to raise interest rates in August, the first time in three years that policymakers have not been unanimous in keeping the rate as it is.Continue reading
Half million pound houses
Official figures released yesterday (19 August) show that annual house price inflation was 10.2 per cent in June, down slightly from May’s 10.4 per cent but still in double figures and mainly so high because of prices in London, where the value of property increased by 19.3 per cent over the year.Continue reading
Unexpected fall in inflation rate
The rate of inflation in the UK fell more than expected in July, as the cost of clothing, footwear, food and non-alcoholic drinks eased, according to figures released today (August 19) by the Office for National Statistics (ONS).Continue reading
Local players’ role in Rugby World Cup win
Two star players from Darlington Mowden Park R.F.C – the local side sponsored by Baines Jewitt – have helped England to a historic victory at the Women’s Rugby World Cup.Continue reading
Bank may not wait for actual wages growth
According to a recent newspaper interview, Bank of England Governor, Mark Carney, may not necessarily wait for real wages to increase before raising interest rates, focusing instead on the underlying wages trend.Continue reading
Economic Growth Revised Up
The UK economy grew by even more than expected in the second quarter and its yearly pace of expansion was revised up to 3.2 per cent, its best performance in more than six years.Continue reading
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