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Economics

  • David Cameron starts EU reform road show with Jean-Claude Juncker vow

    May 25, 2015

    European Commission president Jean-Claude Juncker last night promised to help solve David Cameron’s EU dilemma, as the Prime Minister sets off on a month-long European tour to drum up support for his reform plan. Cameron began his charm offensive by hosting Juncker for a working dinner at his Chequers country estate. The Prime Minister laid [...]

  • Greek shares drop despite pledge to keep paying IMF

    May 25, 2015

    Stocks in Athens sank three per cent yesterday despite the government reiterating that it would meet its intention to pay its creditors on time. The euro also sank to a one-month low against the dollar, trading at $1.097 last night. At the weekend one of the country’s ministers claimed that Greece would refuse to – [...]

  • End of mansion tax threat lifts top tier of London’s property market

    May 25, 2015

    The higher end of the London housing market is seeing market volumes return following Labour’s defeat in the General Election, ending the threat of a proposed mansion tax on properties over £2m. The number of properties over £2m listed on Getagent.co.uk, an estate agent comparison site, more-than doubled in the weeks after the national vote, [...]

  • Financial hiring rebounds after election result as job vacancies in Glasgow and Edinburgh surge 21 per cent following independence vote

    May 25, 2015

    Hiring in the City dipped in the run-up to the General Election, but has rebounded on the Conservatives’ victory, recruitment firm Venn Group said today. Advertised vacancies fell by 10 per cent in April, on fears that a Labour win could have led to higher taxes and more red tape. The surge in vacancies since [...]

  • Families hit the high street over bank holiday

    May 25, 2015

    Britain’s high streets enjoyed a welcome boost over the bank holiday weekend as the warm weather and the start of the summer half term for many schools brought more people into stores. Footfall rose by 4.4 per cent over the weekend compared with the same time last year, overcoming the decline seen in recent months, [...]

  • Exclusivity clauses in zero hour contracts banned from today

    May 25, 2015

    New rules banning exclusivity clauses in zero hours contracts come into effect today, stopping employers from preventing hourly staff from working for another employer. The new provisions were first introduced under the last government, and championed by former business secretary Vince Cable. They were passed into law under the small business, enterprise and employment bill, [...]

  • Invoice delays top 107 days with construction firms taking the hit

    May 25, 2015

    Businesses in construction and real estate were forced to wait over 15 weeks for invoice payments last year, despite the ongoing economic recovery.    The new report, published today by the Asset Based Finance Association (ABFA), comes after recent research by insolvency trade body R3 revealed £41.5bn in late payments was owed to UK businesses [...]

  • European stocks feel the pressure after Greek minister says default is on the horizon and Spain’s ruling party is punished at the polls

    May 25, 2015

    European stocks are feeling the latest shockwaves from Greece. Yesterday Greece’s interior minister said that the country wouldn’t be able to pay the €1.6bn (£1.1bn) it owes the IMF next month. To add to the jitters, the ruling Popular Party (PP) in Spain was hammered at the polls, with smaller, ant-establishment parties doing well. The [...]

  • Eurovision Song Contest 2015: Secretly, these countries are probably hoping they lose

    May 23, 2015

    The Eurovision Song Contest is getting more and more expensive, despite Europe's decline into austerity. The annual tradition blossomed in the 60's, at a time when things looked brighter for Europe and there was a stronger sense of solidarity. But now the event is more lavish and over-the-top than ever, and each year the winning [...]

  • Email slip-up reveals Bank of England’s investigation into what would happen if UK left the EU

    May 23, 2015

    The Bank of England is carrying out a confidential investigation into what would happen if the UK left the European Union (EU), an email accidentally sent to The Guardian has revealed. It discloses details of a special task force set up by the central bank to look into the economic consequences of a UK exit, [...]

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