Retailers Suffer Around New Year
According to the latest figures, retailers had a challenging December, with most reporting lower sales than expected, particularly in the fashion industry, although homeware saw something of a boost, with consumer demand for decorations and tableware on the rise.Continue reading
Growth To Accelerate
According to the British Chambers of Commerce (BCC), UK economic growth will accelerate faster than first thought in 2014, with key indicators for the economy now higher than before the start of the financial crisis.Continue reading
UK Could Be Largest Economy In Europe By 2030
According to the Centre for Economic and Business Research (CEBR), the UK could be in a position to overtake Germany as the largest economy in Europe by 2030.Continue reading
Reconsider Help To Buy Says Cable
Business Secretary Vince Cable suggested over the weekend that the Government should reconsider its Help to Buy scheme amid fears that it has boosted house prices too quickly and could cause a new housing bubble.Continue reading
Retail Sales Up
Retail sales rose by 0.3 per cent in November from the month before and by 2 per cent compared with the same period in 2012, while online sales hit a record 11.9 per cent of all sales except fuel.Continue reading
The Plastic Pound
The Bank of England announced yesterday (December 18) that, from 2016, it will start issuing polymer banknotes, or plastic money, in place of the cotton paper kind that have been in circulation for more than 100 years.Continue reading
UK Jobless Total At Lowest Rate For Four Years
The UK’s unemployment rate fell to 7.4 per cent in the three months to October, taking it to its lowest level since the February to April period in 2009, according to figures from the Office for National Statistics (ONS).Continue reading
More Firms Hiring
A survey from the Confederation of British Industry (CBI) has found that more firms than not expect to create jobs next year for the first time since the start of the recession.Continue reading
SMEs Optimistic About New Year
According to the Federation of Small Businesses’ quarterly Small Business Index, the UK’s small firms are showing increasing optimism for 2014, as businesses remain positive about the economic outlook.Continue reading
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