Grexit odds have shortened again May 19, 2015 If Alexis Tspiras is a betting man he might be hoping for better odds than these. Bookmaker Paddy Power now believes there is a 40 per cent chance of Greece leaving the Eurozone this year. The odds of a Grexit have been shortening across the board. Paddy Power has it priced at 6/4, while [...]
UK house prices: Scotland’s growth at its highest since 2007 as prices accelerate May 19, 2015 The UK’s house price growth rose to 9.6 per cent for the year to March, with Scotland the east of England and London driving the rise. The figures The 9.6 per cent rise in the UK for the year to March was 1.2 percentage points higher than the 7.4 per cent recorded in February. The [...]
What is the difference between good and bad deflation? May 19, 2015 Official data released today has shown that the UK slipped into deflation for the first time in over 50 years. Normally the word deflation has economists running for the hills, but this time around the mantra has been that this is very much a case of "good deflation". But just what is good deflation, and [...]
David Cameron’s former adviser Steve Hilton: Bank bosses should be paid the same as top civil servants May 19, 2015 David Cameron's former director of strategy has argued that the bosses of some large banks should be paid the same as top civil service employees. Steve Hilton, now based in Silicon Valley since stepping down from the role in 2012, claims that banks that require bailing out should be considered part of the public sector. [...]
The UK in deflation: 33 charts showing how UK inflation rate compares to every inflation rate in every EU country May 19, 2015 The UK officially entered deflation today: prices shrank by 0.1 per cent in the 12 months to April 2015 – the first time it's dipped into negative territory since the 1960s. Read more: Inflation turns negative for the first time in over 50 years – but it should only be a blip The fall was caused by dropping energy [...]
Inflation turns negative for the first time in over 50 years – but it should only be a blip May 19, 2015 Britain fell into deflation for the first time since the 1960s after data released today showed the consumer price index (CPI) had dipped into negative territory. The Office for National Statistics said prices fell 0.1 per cent in the year to April on a fall in air and sea fares due to the timing of [...]
RHS Chelsea Flower Show highlights from Prince Harry’s Sentebale garden and the M&G Garden to hot tip Laurent-Perrier Chatsworth May 19, 2015 Yesterday saw a triumphant start to the UK's premier garden exhibition, which is a sell-out event once again. The royals came out in force yesterday at the exclusive preview gala celebration for the Chelsea Flower Show. As well as the Queen, the cortege included the Prince of Wales and Duchess of Cornwall, The Duke [...]
Dan Jarvis throws weight behind Andy Burnham in Labour leadership contest May 19, 2015 Dan Jarvis, the Labour MP seen as a dark horse contender for the leadership contest, has thrown his weight behind shadow health secretary Andy Burnham. Jarvis, MP for Barnsley Central and a former British army officer, said the party had suffered a “tragedy” during the General Election, in which the Conservatives rose to a [...]
Entertainment One share price rises as Peppa Pig helps profit grow despite film struggles May 19, 2015 The figures Entertainment One's share price jumped by two per cent in early trading as the group delivered a 13 per cent rise in full year profit before tax to £44m as sales of pre-school Peppa Pig properties hit $1bn (£640m) worldwide. Revenue at the group fell by five per cent from £823m to £785.8m – [...]
What does Google look for in new hires? Cognitive ability, emergent leadership, cultural fit and expertise – and no arrogance May 19, 2015 Tech giant Google has given an insight into its notoriously selective hiring process and revealed four characteristics prospective candidates should exhibit if they want to make the cut. Four attributes Lazlo Bock, senior vice president of Google’s people operation, told an audience at the London School of Economics yesterday four attributes that the company looks for in new [...]