More job vacancies than jobseekers in 41 out 56 UK cities November 2, 2015 Job vacancies outnumbered jobseekers in 41 out of 56 UK cities during September, research by job search engine Adzuna has revealed today. Adzuna’s UK Job Market Report discovered that there were an average of 0.58 jobseekers per job vacancy last month, slightly less than the 0.62 jobseekers per vacancy recorded during August 2015. By comparison, [...]
UK immigration: Canada has lessons for Britain on migrants – Institute of Public Policy Research November 2, 2015 Britain should follow Canada’s lead to do more to better integrate migrants into the community, argues a report published today by the Institute of Public Policy Research (IPPR). Among the recommendations in the report – called Trajectory and Transience: Understanding and addressing the pressures of migration on communities – are creating a Controlling Migration Fund [...]
Britain ranked as 15th most prosperous country in the world – Legatum Institute November 2, 2015 Britain's economy is soaring past its European counterparts thanks to an employment boom, a major new report says today – but education and health standards are slipping to the bottom of the league table. The Legatum Institute’s annual Prosperity Index, which ranks 142 countries across eight categories using a combination of official statistics and public polling, placed the UK [...]
Economists predict Bank of England will hold UK interest rates on Thursday November 1, 2015 Economists have predicted that the Bank of England (BoE) will keep interest rates at 0.5 per cent on Thursday. So-called Super Thursday will see the BoE release a range of information, including the interest rate decision, an inflation report and Monetary Policy Committee (MPC) meeting minutes. Dr Howard Archer, chief UK & European economist at [...]
EU referendum: Almost three-quarters of London’s professional practices fear a Brexit November 1, 2015 Almost three-quarters (71 per cent) of London’s professional practices believe Britain leaving the EU would have a negative impact on their business, Smith & Williamson has revealed exclusively to City A.M. However, only 38 per cent of firms outside of London and the South East questioned in the accountancy group’s Professional Practices Survey thought that [...]
Turkey’s lira strengthens against the dollar after 2015 election result November 1, 2015 Turkey’s lira strengthened almost three per cent against the dollar, the strongest it has been since mid-August, after today’s election results. The lira reached 2.84 to the dollar in low-volume trade today, compared to Friday’s close of 2.91. Today’s election results see Turkey’s ruling Justice and Development Party (AKP) win back a majority, which it lost [...]
More bad news from China: Factory activity contracts for a third consecutive month November 1, 2015 In the latest sign of China's economic slowdown factory output contracted in October for the third consecutive month, against expectations. The official manufacturing purchasing managers' index came in at 49.8 for October, the same as September. While the figure was the same, implying some stability, any number under 50 implies a contraction. Read more: Is China's move [...]
European Central Bank: Greek banks need to find €14.4bn in new capital October 31, 2015 Greek banks are in need of cash (and digging down the back of the sofa is unlikely to cut it). The four biggest Greek banks need a combined €14.4bn (£10.3bn) in new capital if they are to survive, according to the European Central Bank. The central bank has assessed Piraeus Bank, Alpha Bank, the National [...]
Bitcoin price: The digital currency just hit a 2015 high October 30, 2015 Bitcoin’s on a roll. The digital currency has been gaining speed all month, and just zoomed past its July peak to hit a new high for 2015 at $320. This puts bitcoin up 37 per cent over the month. Bitcoin prices plummeted over 2014, from a high of $1,150, and 2015 didn’t start much better. [...]
Zombie accounts take a bite out of UK savings October 30, 2015 On the eve of Halloween, almost half of UK savers are at risk of being bitten by zombies warns peer-to-peer lender, RateSetter. Two in five people have no idea about the rate paid on their savings and are in danger of being bitten by ultra-low interest rates, the study of over 2,000 people found. And scarily, that rises to almost half [...]