Whitbread share price rises after investors told to expect top end results February 25, 2015 The figures Shares in Whitbread opened 2.35 per cent up after the hospitality giant told investors to expect full-year results to come in towards the top end of current expectations, as sales at its cheap hotels and Costa Coffee chain continued to rise. Overall the group achieved a rise in like-for-like sales of 5.8 per [...]
General Election 2015: Will the government raise the minimum wage? February 23, 2015 Minimum wage in the UK should rise by 20p to £6.70 an hour, according to the Low Pay Commission. The rise, the commission says, should take place in October, and would mean a pay rise for 1.2m workers. If the government decides to implement the rise, which it may do in next month’s budget, it [...]
Asset bubbles may be forming but rapid rate hikes would only jeopardise growth March 24, 2015 Everybody seems to agree on the need for full employment and price stability. But these objectives leave central bankers with a perennial dilemma when managing an economy: act too soon in normalising monetary policy and they’ll prevent the attainment of full employment; act too late and they’ll damage price stability. It is less a matter [...]
As Ed Miliband seeks to woo businesses, is Labour’s pro-enterprise stance credible? July 3, 2014 Lord Wood of Anfield, shadow cabinet minister and adviser to Ed Miliband, says Yes. Labour knows that the foundation of a successful Britain is the success of British business – large and small, home and abroad. But to compete and succeed in the decades ahead, we need to address the long-term challenges of our economy. [...]
UK house price growth slowest since 2013 January 29, 2015 House prices in the UK have risen at the slowest pace in more than a year, according to the latest figures from building society Nationwide, a further sign that the UK housing market is cooling. Annual house price growth slowed for the fifth month straight to 6.8 per cent this month, down from 7.2 per [...]
Chuka Umunna: More power for London and the regions – but not for me September 21, 2014 The shadow business secretary has been hailed as his party’s next big thing so many times the joke is starting to wear a little thin. Chuka Umunna scoffs at the suggestion that shadow chancellor Ed Balls could be shuffled out before the general election, making way for him to step up. “There will be no [...]
We need to end our apathy towards money – before it’s too late January 27, 2015 IT IS an inescapable truth that the UK is facing a crisis of an ageing population. Our research shows that anyone currently under the age of 45 will not be able to rely on the state pension to provide their income in later life. Due to the ever-growing cost of living and lower savings, the [...]
Bordeaux is back on the investment table as Hong Kong buyers boost price February 9, 2015 BORDEAUX prices are back at 2010 levels, with the cost of some of the French regions’ best-known brands returning to pre-crisis peaks. Bordeaux Index, which monitors fine wine prices, said yesterday that while prices had soured in recent years, the supply excess had now “worked out of the market” and export demand is increasing again, [...]
Failure to save is socially irresponsible: Only bold policies will fix this crisis February 1, 2015 PEOPLE are not saving enough. We hear that all the time and yet we ignore this uncomfortable truth and carry on with our daily lives. Only half of us have a pension scheme and, even allowing for other savings and investments, most of us have probably not put away enough, especially given the spiralling cost [...]
The UK economy according to the OECD in six charts February 24, 2015 Andy Haldane, the Bank of England's chief economist, said last year that the economy "appears to be writhing in both agony and ecstasy." While the economy was growing at a faster rate that most of its rich counterparts, most people weren't benefiting from this because real wages were falling, and productivity, or output per hour work, [...]