Еquities markets in Europe were higher Monday on new data showing that manufacturing was up in the United States, the UK and China in July. The Institute for Supply Management reported its factory index at 48.9 in July, more of …
New car sales plunge by over 20 percent
As the current economic downturn brings together falling consumer confidence levels and heightened insecurity, the motor industry has borne the brunt of the downturn. The latest figures produced by the Society of Motor Manufacturers and Traders (SMMT) show that car …
Inflation for Pensioners runs ten times higher than average rate
The Institute for Fiscal Studies (IFS) has found that using a survey that focuses on a typical basket of goods for those over 60, the IFS has found that inflation for pensioners is running at 5.4 percent in January whilst …
Mortgage lending down 28 percent and number of first time buyers continues to fall
According to the Council of Mortgage Lenders the number of mortgages given to first time buyers has fallen to a new low with just 23,400 in January. Although the new year period is always quiet in the housing market a …
IMF deal and international unity at the centre of G20 summit
In order to deal with the global economic crisis the G20 summit has been seen as a critical point whereby the world’s biggest economic powers much show unity in the face of adversity in order to tackle the crisis effectively. …
Little support for the chocolate tax
GPs have called a halt to the notion of chocolate being taxed in a similar way to alcohol and cigarettes although Dr David Walker actually the driving force behind the idea at a BMA Scotland conference in Clydebank. The benefits …
UK expectations for inflation at a four year low
A Bank of England survey revealed today that consumers’ expectation of inflation have fallen to their lowest levels since May 2009 as consumers expect inflation is expected to fall to just over 2 percent over the next 12 months. In …
Number of billionaires falls by a third as the rich list is hit by downturn
Over the last twelve months the number of billionaires has fallen by a third as the number of people across the world who are worth over £1billion fallen from 1,125 last year to 793 as the average billionaire had their …
UK unemployment to reach 3.2 million
A BBC reports sheds light of the unemployment trends and figures in the near future as official unemployment figures stand a 2 million but as the government has mounting debts spending cuts and tax hikes will be inevitable and as …