Lord mayor Dr Andrew Parmley launches 2017 City-wide mental health campaign to reduce stigma in the workplace February 7, 2017 Lord mayor Dr Andrew Parmley is today launching a 2017 City-wide mental health campaign aiming to dispel myths surrounding mental health in the workplace. The lord mayor of the City of London kicks off This is Me – in the City at Deutsche Bank – an initiative led by the Lord Mayor's Appeal charity to reduce the stigma [...]
Consumer credit growth and the flashing light marked ‘car financing’ February 6, 2017 Last month, the Financial Times highlighted two “remarkable and unexpected” features of the post-Brexit UK economy – consumer spending accelerated in the second half of last year and much of this was financed by a surge in borrowing. According to the Bank of England, the article continued, consumer credit grew at an annual rate [...]
Consumer credit growth and the flashing light marked ‘car financing’ February 6, 2017 Last month, the Financial Times highlighted two “remarkable and unexpected” features of the post-Brexit UK economy – consumer spending accelerated in the second half of last year and much of this was financed by a surge in borrowing. According to the Bank of England, the article continued, consumer credit grew at an annual rate of [...]
Government should cut business rates if there is a Brexit slowdown says CBI February 6, 2017 The government should be prepared to cut business rates in the event of a Brexit slowdown, says an influential business group, while expressing concerns the apprenticeship levy may not be ready in time. The Confederation of British Industries (CBI) expects growth to slow in 2017 to 1.5 per cent, and wants the government to be [...]
Everything that you need to know about this week’s housing white paper February 5, 2017 The government is set to reveal its long-awaited housing white paper this week after a series of delays. Q: Why do we need a housing white paper? A: There is a mismatch between supply and demand in the housing market which has caused prices to rise to levels that are unaffordable for many. Meanwhile, the [...]
Economists following Bank of England’s lead raise UK growth forecasts February 5, 2017 City economists are raising their predictions for the UK economy’s growth in line with the Bank of England’s more positive outlook. In a survey conducted by Consensus Economics, the average forecast for 2017 growth rose to 1.4 per cent, The Sunday Times reported today. The positive outlook is up from a low of 0.6 per [...]
After the FTSE 100’s 37 per cent return, should I still invest? February 3, 2017 The rise in the FTSE 100 since a low last February has been remarkable. The index was up 33% between 11 February 2016 and mid-January 2017. Including dividends, the index returned 37%. The index also recorded a fresh all time high during that period, reaching 7,337.81 on 13 January 2017. Stocks in certain sectors [...]
After the FTSE 100’s 37% return, should I still invest? February 3, 2017 The rise in the FTSE 100 since a low last February has been remarkable. The index was up 33% between 11 February 2016 and mid-January 2017. Including dividends, the index returned 37%. The index also recorded a fresh all time high during that period, reaching 7,337.81 on 13 January 2017. Stocks in certain sectors led [...]
Fears of a Brexit hit disappear for UK services managers despite big costs increases slowing activity February 3, 2017 Business expectations of future growth in the UK’s dominant services sector have recovered to their pre-referendum levels, as Brexit fears dissolve despite the looming start of trade negotiations, according to a survey of managers. However, the pound dropped sharply as current activity slowed more than economists had predicted. The spot exchange rate fell to lows [...]
Trump election is “positive” for the UK, says Bank of England’s Ben Broadbent February 3, 2017 Donald Trump’s election as US President has had a “positive” effect on the UK’s economy, according to the Bank of England’s deputy governor. Ben Broadbent said the new US administration’s policies of higher spending on infrastructure as well as tax cuts and deregulation will help promote global growth, benefiting the UK. “It is a positive thing,” [...]