Pay has increased so far this year by less than half of retail price inflation.
The Bank of England's Monetary Policy Committee will convene today to decide on whether or not to raise interest rates.
Lloyds Banking Group (LSE: LLOY) posted pre tax losses for the first quarter 2011 in excess of £3.4 billion, compared to the same quarter 2010’s £721 million profits.
The government must do more to secure value for money from their extensive experiments with private finance initiatives (PFI), the National Audit Ofice said today.
Despite measured implemented to increase banks’ lending to small business, lending has plummeted to its lowest rate since the financial crisis began, according to figures released last week by the Bank of England
Fresh signs that the global economic recovery is underway came as Swiss banking giant, UBS, posted a jump in profits for Q1 2011 to 2.2 billion CHF, up from 1.2 CHF for Q4 2010.
Figures published today by the Office for national Statistics showed Public Sector net borrowing drop 7% in March compared to the previous year, even undercutting the Office for Budget Responsibility’s estimate
Public sector borrowing during March 2011 decreased by just under 7% over March 2010, the Office for National Statistics has revealed.
There must be an end to the dependence of the banks on taxpayer support,” says Margaret Hodge MP
Gross mortgage lending surged 21% from £9.3 billion in February, renewing hope in the UK’s housing market which in itself serves as a barometer for the wider UK economy