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• UK Growth Predictions Cut

  Created: Wednesday, 16 November 2011 15:06

  According to the governor of the Bank of England, Sir Mervyn King, the crisis in the eurozone is the "single biggest risk" to the UK. He also said the country's economic outlook has worsened and that the UK economy could stagnate until the middle of 2...

• Banks Increase Business Lending

  Created: Wednesday, 16 November 2011 15:05

  Figures have shown that the UK's largest four banks have increased their lending to companies during the third quarter of 2011 with £57.4bn of new loans from July to September, up from £53bn in the second quarter. While that is good news, actual len...

• UK Job Market To Worsen

  Created: Monday, 14 November 2011 13:17

  The Chartered Institute of Personnel and Development (CIPD) has predicted that the UK job market will worsen in the medium term amid global economic turmoil with many firms delaying hiring, which will mean far less recruitment taking place than the n...

• Mario Monti Becomes Italy's New Prime Minister

  Created: Monday, 14 November 2011 12:59

  Ex-EU commissioner, Mario Monti, has become the new Italian Prime Minister following the resignation of PM Silvio Berlusconi. One of the first tasks carried out under the PM was the sale of £2.6bn of new five-year bonds. However, the rate of 6.29%, a...

• Italy Debates Austerity Measures

  Created: Friday, 11 November 2011 12:16

  The Italian senate is, today, debating and then voting on the latest austerity measures which, it's hoped, will prevent the need for a bailout of the eurozone's third largest economy. Italian Prime Minister, Mr Berlusconi, has promised to resign after...

• Greece's New Government

  Created: Friday, 11 November 2011 11:59

  After so much turmoil and uncertainty Greece can finally concentrate on its future with the new coalition cabinet and Prime Minister Lucas Papademos due to be formally sworn in. The recent change in events in Greece came about after Prime Minister Geo...

• Calls To Cut UK Growth Forecast

  Created: Thursday, 10 November 2011 00:00

  With the unemployment rate expected to increase from 8.1% to 8.5% next year and narrowly avoiding recession over the coming winter, the CBI has cut its forecast for UK economic growth to 0.9% this year and 1.2% in 2012 from its previous predictions of ...

• Italy's Borrowing Rates Hit New High

  Created: Tuesday, 08 November 2011 11:22

  Concerns are growing that Italy will become the next victim of the debt crisis after its borrowing costs soared to their highest level since the euro was created in 1999. The yield on Italian 10-year bonds rose to 6.73%, which is past the point that l...

• Eurozone Retail Sales Fall Sharply

  Created: Tuesday, 08 November 2011 11:20

  New figures from Eurostat have revealed that retail sales in the seventeen countries using the euro fell sharply in September, the first negative figure since May. While sales slipped 0.7% across the eurozone, Germany did in fact record a 0.4% rise. ...

• UK Economy Facing Contraction?

  Created: Tuesday, 08 November 2011 11:18

  Accountancy group BDO has said that because of the weak service sector the UK economy could witness a contraction this year. BDO's output index, measuring company turnover expectations for the next three months, fell from 93.3 in September to 92.6 in ...

• Greek Cabinet Split Over Referendum

  Created: Thursday, 03 November 2011 12:40

  There is to be an emergency cabinet meeting in Greece after Finance chief Evangelos Venizelos led a revolt over the referendum. Evangelos Venizelos, and other ministers, believe the vote should not be about whether Greece remains in the eurozone; somet...

• Increasing Chance Of Recession?

  Created: Thursday, 03 November 2011 12:37

  It's not the news that we wanted to hear. According to the National Institute for Economic and Social Research (NIESR) the chance of recession in the UK is a not very promising 50% if a resolution to the debt crisis is found, and is a very worrying, c...

• Business Regulation Up-dates

  Created: Wednesday, 02 November 2011 00:00

  Two important dates for your diary are the 6th April and 1st October as most new laws affecting businesses are enforced on these dates. Knowing these dates and the new regulations coming into force will allow you to prepare your business for any necess...

• UK Economy Grows By 0.5%

  Created: Tuesday, 01 November 2011 12:23

  Figures out today from the Office for National Statistics show that the UK economy grew by 0.5% during the third quarter of the year, up from 0.1% in the previous quarter. However, the April to May period had been hindered by disruption caused by the ...

• Markets Fall After Greek Referendum News

  Created: Tuesday, 01 November 2011 12:07

  It's no surprise that markets have fallen following the announcement of a referendum in Greece over the recent bail out deal. Despite an agreement to write off 50% of the debt and to strengthen the bail out fund the Greek Prime Minister, George Papandr...

• Growing Doubt Over Euro Crisis Plan

  Created: Wednesday, 26 October 2011 13:55

  Although EU leaders are meeting at an emergency summit in Brussels to discuss how to deal with the eurozone debt crisis, there are increasing concerns that a comprehensive deal won't be made due to a failure to agree on how to expand the EU's bail out fun...

• Stop Associating Growth With Jobs

  Created: Wednesday, 26 October 2011 13:04

  Emma Jones, founder and editor of Enterprise Nation as well an ambassador for the StartUp Britain campaign, believes ministers shouldn't be linking the growth of small businesses with job creation. Her comments follow criticism of small businesses for not...

• Tory Rebellion Expected Over Europe

  Created: Monday, 24 October 2011 12:33

  It's expected that as many as 70 Conservative MPs will go against the Prime Minister in today's referendum vote on Britain's future in the EU making it the party's largest rebellion over Europe. Despite personal calls by the Prime Minister to some MPs and...

• Quantitative Easing Not Boosting Lending

  Created: Monday, 24 October 2011 11:48

  The Commons Treasury Committe says the quantitative easing programme is having little effect on banks lending to businesses and has questioned if it's the best way of boosting the British economy. Their concerns lie in whether the banks will actually see ...

• CBI Urging Government To Help The 'Forgotten Army'

  Created: Monday, 24 October 2011 11:38

  It's a recurring theme in the news at the moment, and this time it's the CBI employers' group that is asking for the government to increase help for the UK's 'forgotten army' of medium-sized businesses in important areas such as access to finance. Busines...