Rising demand drives up total construction sector turnover May 4, 2015 UK construction firms saw a sharp rise in turnover last year, according to figures released today by BNP Paribas Leasing Solutions. Total turnover of the construction sector jumped six per cent year-on-year to £218bn in 2014. It is now 20.7 per cent above the low reached in the 2009-10 recession of £180bn. The surge in [...]
Monthly spare cash now £311 for Londoners as disposable income rises May 4, 2015 Londoners have £311 available to spend after paying for bills and essentials each month, according a report yesterday by financial services group Scottish Friendly. This amounts to 10 per cent of average London pay, an increase on the first three months of the year, when disposable income was at 9.1 per cent of income. Across [...]
Here are the most expensive places to rent outside of London May 1, 2015 A short supply of housing means London is becoming ever more crowded, which is stretching resources, pushing up prices, and prompting people to move further out. But before you make the leap into a cosy commuter town, it isn't necessarily any better elsewhere, as rents are still pretty high and you'll have to pay through [...]
UK unemployment has stalled, but it’s set to fall again under the Conservatives May 1, 2015 The nation's unemployment rate was heading a steep downward slope until the beginning of the year, but since January it has barely changed. Over the four months ending in April, the Adzuna unemployment predictor estimates the proportion of people out of work went down from 5.6 per cent to 5.58 per cent – this [...]
UK economy doing better than GDP figures suggest April 30, 2015 New data suggest that the UK’s economic growth has been understated by official figures, and is also likely to strengthen in the coming months. A survey of small and medium-sized manufacturers revealed that many saw increases in total domestic orders, output and employment in the three months to April. Firms are also expecting [...]
Eurozone inflation and jobs improve but recovery remains fragile, experts warn April 30, 2015 Inflation and unemployment in the Eurozone are gradually improving, but economists warn the currency bloc’s recovery is fragile. Prices failed to fall – or rise – registering zero change in April compared with the same month last year, figures released yesterday by Eurostat reveal. Inflation is now closer to the European Central Bank’s [...]
London house prices up 11pc in March as repossessions plunge April 30, 2015 London house prices jumped 11.3 per cent year-on-year in March, figures released yesterday by the Land Registry show. It compares with 5.3 per cent property price gains for the whole of England and Wales. Read more: The one region where house prices are falling “Much has been done to ensure that people have [...]
UK house prices: Land Registry data shows the one region where they’re falling annually April 30, 2015 UK house prices fell again in March, and the decline was particularly marked in the North East, where house prices are now falling annually. Official Land Registry data, which runs slightly behind because it uses price paid as opposed to asking price, showed average house prices in the North East fell 0.4 per cent between February [...]
Eurozone inflation rose to zero in April April 30, 2015 Eurozone inflation rose to zero in April, ending a fourth-month stretch of price declines across the euro area. A flash estimate from official statistics agency Eurostat showed that Eurozone annual inflation was flat in April, having risen to -0.1 per cent a month earlier. It's up considerably from a low of -0.6 in January. The biggest [...]
Growth in American economy freezes due to the bad weather April 29, 2015 US economic growth stalled in the first three months of 2015, growing just 0.2 per cent compared to the same time last year. Growth was 2.2 per cent in the final quarter of 2014, and economists had expected the economy to expand one per cent in the first quarter of 2015. The slowdown has been [...]