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US GDP growth slows

26/05/2011

Britain’s recovery has been dealt a fresh blow, after the United States Department today dispelled private sector speculations that the low US GDP growth of 1.8% would be revised up


 

Doha Round report welcomed by UK professional services

25/05/2011

A report confirming the importance of the Doha Round of trade agreements has been welcomed by a financial services body, TheCityUK.


 

Mortgage lending drops 11 percent in a year

25/05/2011

Gross mortgage lending has fallen by 11% since March 2010, depressed by UK householders’ efforts to reduce indebtedness


 

Bank of Scotland landed £3.5m fine

25/05/2011

The Bank of Scotland has been landed a £3.5 million fine for ‘mishandling complaints’ of customers that were insufficiently informed about investment products offered.


 

OECD unveils index that may replace GDP

25/05/2011

The OECD have unveiled a new, interactive index that will let people measure and compare their lives in a way that goes beyond traditional GDP numbers.


 

Mortgage Rescue Scheme was not value for money

25/05/2011

The Government’s Mortgage Rescue Scheme- intended to help households facing repossession of their properties- overran its budget by £35 million whilst helping less than half the anticipated amount.


 

Nationwide delivers strong profit growth

25/05/2011

Nationwide chief executive comments on the building society’s delivering a 30% growth in profits for the 2010/2011 financial year


 

Project Merlin lending still behind target

23/05/2011

Despite the signing of a multi-billion pound pledge between the nation’s leading banks and government to increase lending to UK businesses, figures published today by the Bank of England have confirmed a £2.2 billion shortfall in lending.


 

Loan costs highest in a decade

23/05/2011

Consumers pay an average of 12.7% on a £5,000 loan- the highest sum in a decade.


 

Consumer price inflation climbs to 4.5%

17/05/2011

As predicted, the consumer prices index (CPI) of inflation has climbed again, reaching 4.5%.