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Personal Insolvencies Reach Record High
05/02/2010
The Insolvency Service’s new report reveals that the number of people in England and Wales declaring insolvency between October and December 2009 rose to 35,574, a record high.
Business Confidence Rising Amid Evidence Of Green Shoots
05/02/2010
Almost 9 in 10 (86%) of UK-based, Aim-listed companies are positive about the outlook for their own business in the year ahead, according to new independent research. This is a marked increase since last year when only 51% were confident about the next 12 months.
Hopes Are High That British Gas Has Started An Energy Price War
05/02/2010
Mark Greening, Head of Utilities for leading comparison website Gocompare.com, comments on British Gas reducing their standard dual fuel tariff by 7%:
England Told To Think ‘Local’ To Make The Most Of £105 Million Rural Fund
05/02/2010
A local approach to delivering more than £105 million of Rural Development Programme for England (RDPE) funding will ensure the biggest positive difference for rural areas it was revealed yesterday.
76% Say They Will Not Invest In Cash While Base Rate Remains At 0.5%
05/02/2010
While the Bank of England's decision to keep the base rate at 0.5% for the 11th consecutive month is unarguably the only realistic option, 76% of investors have had enough of dismal savings rates, saying they are not interested in investing in cash.
MPC Must Concentrate On Countering Threat Of Double-Dip Recession
04/02/2010
Commenting on today’s Monetary Policy Committee decision, David Kern, Chief Economist at the British Chambers of Commerce (BCC), said:
House Prices Are Up By Another 0.6%
04/02/2010
Commenting, Martin Ellis, housing economist, said: "House prices rose by 0.6% in January. This was the seventh successive monthly increase and takes the average price to 9.9% above its trough in April 2009. January's rise, nonetheless, was more modest than in any of the previous six months.
Baker Tilly Predicts Tomorrow's Insolvency Figures
04/02/2010
Commenting ahead of the release of tomorrow’s corporate insolvency statistics from the Insolvency Service, David Hudson, London Head of Corporate Restructuring at Baker Tilly, said:
Bank of England Maintains Bank Rate At 0.5% And Halts Quantitative Easing Programme
04/02/2010
The Bank of England’s Monetary Policy Committee today voted to maintain the official Bank Rate paid on commercial bank reserves at 0.5%. The Committee also voted to maintain the stock of asset purchases financed by the issuance of central bank reserves at £200 billion.
Shell Sees Sharp Fall In Profits As Demand For Oil Falls
04/02/2010
Royal Dutch Shell has reported it will cut another 1,000 jobs in 2010 after reporting a 69% fall in annual profits from $31.4bn to $9.8 bn (£6.1 bn). The firm reported a steep, 70% drop in Q4 earnings to $1.18bn (£738m).
