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Pay increasing at half the rate of inflation

05/05/2011

Pay has increased so far this year by less than half of retail price inflation.


 

Business groups once again urge Bank to maintain rates

05/05/2011

The Bank of England's Monetary Policy Committee will convene today to decide on whether or not to raise interest rates.


 

Lloyds Group slips £3 billion into the red

05/05/2011

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.


 

PFIs no longer suitable for many projects

28/04/2011

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.


 

Lending to small businesses remains rock bottom

27/04/2011

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


 

Rise in UBS profits belies volatility of global economy

26/04/2011

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.


 

Drop in borrowing shows austerity plan is working

22/04/2011

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 falls, though still 2nd highest since 1945

21/04/2011

Public sector borrowing during March 2011 decreased by just under 7% over March 2010, the Office for National Statistics has revealed.


 

Taxpayer support for banks must end, committee says

20/04/2011

There must be an end to the dependence of the banks on taxpayer support,” says Margaret Hodge MP


 

Mortgage lending jumps 21% in a Month

20/04/2011

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