BUSINESSES CALL FOR GROWTH PLAN July 26, 2011 BUSINESS leaders, economists and Mayor Boris Johnson demanded strong measures to boost growth yesterday, after figures revealed that the economy grew by an unspectacular 0.2 per cent in the second quarter of the year. While statisticians partially blamed sluggish growth on one-off factors such as the royal wedding, a persistently weak economy could see the [...]
BUSINESSES CALL FOR GROWTH PLAN July 26, 2011 BUSINESS leaders, economists and Mayor Boris Johnson demanded strong measures to boost growth yesterday, after figures revealed that the economy grew by an unspectacular 0.2 per cent in the second quarter of the year. While statisticians partially blamed sluggish growth on one-off factors such as the royal wedding, a persistently weak economy could see the [...]
Jobs boom in financial sector: CBI July 3, 2011 HIRING in financial services hit its highest level since the credit crunch in the three months to June, a survey from the Confederation of British Industry (CBI) will show today. “Similar growth is predicted for the coming three months,” the CBI said in its latest financial services survey, compiled with PwC. Income from interest, investment [...]
It’s as if the coalition wanted to fail July 25, 2011 IMAGINE you were trying to cripple private sector growth and throttle the recovery. Yes, I know only a fool would want to do that. But seriously – what would you do? Here are a few ideas. For a start, you would try and tie up businesses with as much red tape as possible. You would [...]
Foreign states owe UK £2.3bn June 5, 2011 THE UK government is owed more than £2.3bn by foreign states, including a number of the most undemocratic and despotic regimes in the world. Some of the largest debts to Whitehall’s Export Credits Guarantee Department (ECGD) are owed by Zimbabwe (£190m) and Sudan (£664m). The list of debts owed to the ECGD by 25 foreign [...]
WHAT THE OTHER PAPERS SAY THIS MORNING July 11, 2011 FINANCIAL TIMES INSURERS TO FUND POLICE TEAM IN FRAUD CRACKDOWN Insurers are to spend £8.2m funding a specialist police unit that will be dedicated to cracking down on the growing problem of insurance fraud, which costs an estimated £2bn a year. A new unit of 35 specialist fraud detectives and police support staff will be [...]
HMV in crisis talks as debt threatens bank limits January 19, 2011 TROUBLED music retailer HMV has called in KPMG for debt management advice to try to stop it breaching upcoming bank covenants. HMV, which experienced a torrid day yesterday after admitting that credit insurers had reduced their coverage of its sales amid fears of its creditworthiness, has hired the accountant to provide specialist debt advisory services, [...]
S&P: a Greek default is now likely June 13, 2011 MARKETS were thrown back into turmoil as fears of a Greek default rose again yesterday, with the euro falling and the cost of insuring Athens’ debt reaching all-time highs. Standard & Poor’s added to the anxiety with a multi-notch downgrade of the sovereign, following in the footsteps of Moody’s, which has said that the chance [...]
S&P: a Greek default is now likely June 13, 2011 MARKETS were thrown back into turmoil as fears of a Greek default rose again yesterday, with the euro falling and the cost of insuring Athens’ debt reaching all-time highs. Standard & Poor’s added to the anxiety with a multi-notch downgrade of the sovereign, following in the footsteps of Moody’s, which has said that the chance [...]
Two day rally ends on Greek worries June 15, 2011 US stocks sank on Wednesday as Greek debt woes, US data and disappointing profit forecasts fueled bearish sentiment, putting the market back on its downtrend after a two-day rally. Forecasts from companies, including Nucor Corp, Owens Illinois and Ford, underscored concern that economic sluggishness will hit earnings. Bank stocks helped lead the decline after Moody’s [...]