Is the EY Item Club right to predict that UK growth will significantly accelerate in 2015? January 19, 2015 Mark Gregory, EY’s chief economist, says Yes We believe growth will accelerate in 2015, largely due to income growth. The UK consumer has been lashed by rising fuel and food prices for so long, but is now emerging as the major beneficiary. Low inflation combined with cheaper commodity prices, as a result of falling food, [...]
Overcoming Blue Monday blues: There are plenty of reasons to be cheerful about the future January 19, 2015 Today is supposedly the most depressing day of the year. It's dark, it's cold, all the festivities are over and our bank accounts are suffering for it. Now it's just a long wait until the gradual arrival of spring. It's no wonder the Monday of the last full week in January is labelled [...]
EY Item Club: UK economic growth to accelerate to fastest rate in seven years in 2015 January 19, 2015 Economic growth in the UK could reach its fastest rate since 2008 this year, driven by falling oil prices and delayed interest rate rises. The prediction was made by the EY Item Club, which has increased its forecast for UK growth in 2015 from 2.5 per cent to 2.9 per cent. With growth [...]
Fall in oil prices provides boost for UK economy January 18, 2015 The UK economy is set to benefit from the collapse in oil prices, according to the most recent quarterly forecast from the EY-sponsored Item Club. The economic forecasting group has stated that the decline in oil and other commodity prices will provide a “shot in the spending arm” for UK consumers, who will have more [...]
Interest rates to remain at historic lows until 2016 amid falling oil price January 18, 2015 The collapsing price of oil could see interest rates remain at their historic lows until 2016, according to top economists. The UK is likely to grow at 2.9 per cent this year, say the EY Item Club in part thanks to lower oil prices. The group hiked their forecast by 0.5 per cent point since [...]
Rock bottom rates might not rise until 2016 January 8, 2015 POLICY makers at the Bank of England kept interest rates at 0.5 per cent yesterday. The decision was widely expected as inflation is expected to fall further below the Bank’s two per cent target over the next few months. In December, inflation as measured by the annual change in the consumer price index was one [...]
City Link mapped: Which depots are closing down and where are the 2,586 redundancies being made? January 7, 2015 The administrators of collapsed parcel delivery firm City Link have announced further redundancies as it closes depots across the country after falling into administration on Christmas Eve. EY said 51 depots will close in the next week with the loss of another 230 jobs on top of the 2,300 announced on New Year's Eve, bringing [...]
Who does the best New year detox lunch? From Leon’s super-healthy vegan quinoa pot to Pod’s “joyless” chicken box January 6, 2015 It’s January again, and your favourite City eateries are flogging super-healthy lunches. We tried them all so you don’t have to… Vital Ingredient Immunity Booster Vital Ingredient Immunity Booster £6.25 Chicken, beetroot, sweetcorn, pomegranate, spinach. Carrot and apple dressing HEALTHINESS: ★★★★☆ TASTINESS: ★☆☆☆☆ Dishes like these give detoxing a bad name. Weird [...]
City Link administrators sell off £1.125m of assets January 6, 2015 City Link administrators EY have sold partial assets from the defunct parcel service, raising £1.125m to help pay off its creditors, which includes a £20m debt owed to private equity owner Better Capital. Joint administrators Hunter Kelly, Charles King and Tom Lukic have sold cages, scanners and certain intellectual property to Aim-listed rival DX [...]
City Moves for 06 January 2015 | Who’s switching jobs January 5, 2015 Stanhope Capital The investment office has announced the appointment of Charles Mesquita as a senior director in its charity team. He has over 25 years’ investment experience, and has previously held positions at Newton Investment Management and Rensburg Sheppards (now Investec). Simmons & Simmons Matthew Pitman has been promoted to partner at the law firm. Based [...]