‘The government aren’t the experts’: Liberal Democrats vow to push back controversial Pension Schemes Bill
FESTIVALS KING TO FLOAT FIRM ON AIM June 8, 2011 RELIEF at Music Festivals, the new live music venture from Mean Fiddler founder Vince Power, which will this morning announce its intention to achieve a £10m valuation by floating on the alternative investment market (AIM). So no more sleepless nights at Merchant Securities, the adviser on the deal, after Power managed to raise the £6.5m [...]
High demand pushes up Londoners’ rents June 8, 2011 RENTS in London and the south east shot up faster than in all other UK regions in the three months to April, a study revealed today. And rents in the capital are expected to increase more than in any other region in the coming months, according to the Royal Institution of Chartered Surveyors (RICS). Fifty-nine [...]
CITY A.M. | SHADOW MPC STILL DIVIDED OVER INTEREST RATES June 8, 2011 ALLISTER HEATH | CITY A.M. “Quarter per cent rise. Despite some concerning economic data, the economy is expanding, albeit modestly, and creating jobs. The time for “emergency” low rates has passed, and inflationary pressures persist.” SIMON WARD | HENDERSON “Raise to one per cent. Higher inflation is becoming embedded: the value-added deflator, which excludes import [...]
Fitch to downgrade US if debt repayments missed June 8, 2011 AMERICA could lose its AAA credit rating if the government fails to raise its debt ceiling and subsequently misses interest payments in August, leading ratings agency Fitch warned yesterday. Some Republicans have been flirting with the notion that a brief US default might be an acceptable price to pay if it forces the White House [...]
Failure to cut deficit may see UK’s rating lowered June 8, 2011 STERLING fell to a one-month low against the euro and slid against the dollar yesterday morning, after a Moody’s analyst was quoted saying the UK was at risk of losing its top-notch rating. The UK could lose its AAA rating if growth remained weak and the government failed to meet its fiscal consolidation targets, the [...]
Proposals over student visas face criticism June 8, 2011 The government’s proposed immigration cap came under attack last night from leading liberal think tank CentreForum, as it warned the changes could risk closure of private colleges. International students at private colleges will be unable to work part-time under the new proposals.
Investment drove 0.8pc Eurozone growth June 8, 2011 Investment was the driver for first quarter economic growth of 0.8 per cent in the Eurozone, according to the official second estimate released yesterday – up from 0.3 per cent in the final three months of last year. Household and government consumption also made significant contributions.
Japanese morale recovering from quake June 8, 2011 Japan’s service sector sentiment index rose to 36 in May, according to the government’s Eco Watchers survey – up from 28.3 in April, and continuing its recovery from March’s devastating earthquake.
German trade balance hit by low exports June 8, 2011 German exports posted their biggest drop in more than two years in April, data showed yesterday. Exports fell by 5.5 per cent from March, the biggest decline since a 6.5 per cent drop in January 2009.
Industrial production dips in Germany June 8, 2011 German industrial production dropped by 0.6 per cent in April, compared to the previous month. Production was still up by almost 10 per cent year-on-year, analysts at ING noted.
