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Economics

  • New survey casts doubt on growth of UK economy

    April 8, 2015

    The UK economy is not out of the woods yet, according to a new set of survey data. Economic growth may have slowed in the first three months of this year, according to figures released today by the British Chambers of Com­merce (BCC). Both manufacturers and service sector firms reported lower sales growth at home [...]

  • Federal Reserve minutes: Policymakers divided on timing of rate hike

    April 8, 2015

    The Fed finally lost its "patience" last month, a move initially thought to imply short-term rates would rise in June, but then fed chair Janet Yellen tempered expectations by saying this "doesn't mean we are going to be impatient". And now we know why. Minutes released today show a marked divergence among officials on whether they [...]

  • Three reasons new car sales had their best month since 1999

    April 8, 2015

    Car dealerships across the country have been partying like it's 1999. They sold 492,774 new cars last month, which represents a six per cent increase from the same time last year, data released today by the Society of Motor Manufacturers has shown. It was the best March on record, as well as the best monthly performance since [...]

  • Everything you need to know about non-doms: Who are they, what tax do they pay, why does Labour want to ban them

    April 8, 2015

    Ed Miliband appears to be making the political weather today with his pledge to abolish non-domiciled tax status. However, Ed Balls' warning back in January that abolishing the non-dom status could actually cost Britain money has come back to haunt Labour spinners. Here are the  basics of everything you need to know about non-doms and [...]

  • UK needs an exports revolution says independent commission

    April 7, 2015

    A revolution is required to boost British exports, according to a report by Graham Cole’s independent exports commission. Cole, the chairman of Agusta­Westland, was asked to lead the commission by Labour shadow chancellor Ed Balls, and shadow business secretary Chuka Umunna. He told City A.M that “a lot has been done to improve exports. There’s [...]

  • Deflation sets in as shop prices fall even faster

    April 7, 2015

    Shop prices fell at a record pace in March, with clothing and electrical prices diving, and food prices falling faster than ever before. Overall prices fell by 2.1 per cent on the year, according to the British Retail Consortium (BRC), with food prices falling by 0.9 per cent. Those are both the fastest declines in [...]

  • Mark Carney fears UK at risk from Greek contagion

    April 7, 2015

    Britain’s banks and insurers could be in danger if Greece leaves the Eurozone, the Bank of England warn­ed yesterday. The UK is not heavily exposed to Greece itself, but if it exits the single currency then it could cause financial panic in other indebted economies like Spain and Italy, which would then hit Britain hard. [...]

  • Panmure Gordon: Tight General Election race is good for investors

    April 7, 2015

    A close General Election leading to another coalition government is good for stock market investors, economists at Panmure Gordon said yesterday, defying the conventional wisdom that this would bring bad uncertainty. In a boost to the Liberal Democrats, the analysis argues that both Labour and the Conservatives have policies which would damage the economy, while another [...]

  • UK regions lift European real estate prices

    April 7, 2015

    European commercial property prices grew by a record 7.8 per cent in the fourth quarter of last year, fuelled by the ongoing recovery in the UK’s regional property markets. Figures out yesterday by property adviser DTZ show that prices rose by 20 per cent for the year overall thanks to a record last quarter, when [...]

  • Half of British men do nothing for charity, says new report

    April 7, 2015

    Almost half of British men do not contribute anything to help charitable causes, according to new research from the Charities Aid Foundation (CAF). 48 per cent of men don't engage in volunteering, donating or sponsoring in a typical month. The figure differs radically for women, with 63 per cent engaging in some sort of charitable [...]

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