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Report into Government efficiency published

11/03/2011

4.4 million Public Sector staff were paid an estimated £164 billion, or some 23% of total government expenditure. Half a million of these worked directly for central government as the Civil Service, at a cost of £16.4 billion, with 25% earning in excess of £30,000 a year, according to the latest report from the National Audit Office


 

Mortgage lending plummets

11/03/2011

An unusual combination of factors led to a 26% fall in house purchase lending in January, according to new data from the Council of Mortgage Lenders


 

Cut fuel duty or damage Britain's standard of living, pertol retailers' head urges

11/03/2011

“It remains a mystery and a disappointment” writes RMI petrol retailers’ association head Brian Madderson, in a letter to Chancellor George Osborne


 

Interest rate decision: leading economists comment

10/03/2011

Reacting to the Bank of England's decision to maintain interest rates at the lowered 0.5% for a record 24 consecutive months, David Kern, Chief Economist at the British Chambers of Commerce; Ian McCafferty, Chief Economic Adviser to the CBI; and UK200Group members Jonathon Russel and David Ingall comment.


 

Banking fraud losses continue to drop

10/03/2011

Figures released on Wednesday have revealed that fraud losses on UK cards, cheques and online banking all fell in 2010, and are at a record low for over ten years.


 

Interest rates remain at record low

10/03/2011

UK interest rates remain at their record low of 0.5%, as the Bank of England resists pressure to raise rates to curb inflation.


 

China records shock trade deficit

10/03/2011

China’s economy has come under the spotlight after it was announced they suffered a trade deficit for the first time in a year.


 

Interest rate uncertainty disconcerting for businesses and consumers

10/03/2011

Commenting ahead of today’s (Thursday) Monetary Policy Committee decision, David Kern, Chief Economist at the British Chambers of Commerce, said:


 

'Banks are not equity investors': James Caan discusses falling bank lending

09/03/2011

British Entrepreneur and former BBC Dragon’s Den star James Caan has called for ‘greater transparency’ from Britain’s banks in terms of their ability to lend to Small and Medium Sized Enterprises.


 

Northern Rock Announce Losses for 2010

09/03/2011

Nationalised lender Northern Rock has announced a loss of £232.4 million for 2010, but insists progress has been made with income up and costs reduced.