Greece may start issuing bonds again, but its economy is still shattered April 9, 2014 The Greek government looks set to return to bond markets this week, after a four-year absence – its last issue for seven-year bonds was in the first quarter of 2010, a couple of months ahead of the bailout that locked it out of markets. But earlier this year, finance minister Yannis Stournaras laid out a [...]
The cost of living crisis isn’t over – but Ed Miliband still won’t solve it April 21, 2014 PAY GROWTH at 1.7 per cent, inflation at 1.6 per cent on the consumer price index (CPI), real wages increasing. One commentator stated this was the coalition’s “mission accomplished” moment. People are starting to get better off after years of falling real wages, so the argument goes. Surely this is proof that the government’s “long-term [...]
Reactions to the chancellor’s statement March 19, 2014 THINK TANK’S TAKE Director at the Adam Smith InstituteEamonn Butler The libertarian think tank applauded the freedom granted to pensioners. “At last Britain's private pension savers will be treated like responsible adults. As lifetimes have lengthened and financial uncertainty has abounded, annuity rates have fallen, leaving savers much worse off then they expected. The rule [...]
London Report: FTSE spurred to three week high by US outlook April 1, 2014 THE UK’S top share index touched a three-week high yesterday, with cyclical stocks rallying on the back of an improving US economic outlook and expectations of more stimulus from China. The blue-chip FTSE 100 index extended earlier gains to set its highest level since 12 March after data showed US factory activity accelerated for a [...]
How energy bills are threatening export hopes of UK businesses February 17, 2014 BRITAIN risks missing the government’s export targets because high energy bills make it hard to compete overseas, manufacturing group EEF warned today. George Osborne wants UK firms’ exports to hit £1 trillion per year in 2020, a target requiring growth of nine per cent each year. But by that stage the government expects taxes to [...]
Budget Viewpoint: A political Budget aimed at blue rinsers not business March 19, 2014 CONFIDENCE up. Inflation down. Exports up. Unemployment down. Growth forecasts up. With this backdrop it must have been difficult for George Osborne to draw up his fifth Budget. But what we have ended up with is a Budget for blue rinsers rather than businesses. He obviously thinks that everything is heading in the right direction [...]
The document revealing draft plan to protect UK economy from trade sanctions March 3, 2014 A LEAKED government document has revealed plans to protect the UK economy and financial interests in London by avoiding UK trade sanctions against Russia. The papers, understood to be draft notes ahead of a meeting of the National Security Council in Downing Street yesterday, said ministers “should not support for now trade sanctions or close [...]
How the chancellor could unleash the potential of manufacturing exporters February 18, 2014 WITH A general election approaching, I am not expecting the chancellor’s Budget on 19 March to raise many eyebrows. All political parties are likely to keep the potential vote winners in reserve for their manifestos and the campaign itself. There may be moves to address the cost of living pressures many UK voters still face [...]
Meet the Co-op traditionalists’ top dog March 11, 2014 Ben Reid, the chief executive of the Midcounties Co-operative, is seen as the likely flag-bearer for the traditionalists in a battle for control of the Co-operative Group. The traditionalists have been opposed to many of the measures the departed chief executive Euan Sutherland has been trying to impose, such as restructuring, the selling off of [...]
Government to make gambling industry’s new code mandatory March 3, 2014 CULTURE secretary Maria Miller is backing new voluntary industry measures to restrict the use of high-stakes gambling machines. The changes will prevent bookies from advertising the machines in their windows and introduce an alert system to pop up after someone has been using a machine for 30 minutes, or when they have spent £250. Writing [...]