Economy NEWS

Increase in UK government borrowing for June

Borrowing by the UK government increased by more than expected in June 2012 as the economy remained weak, official figures revealed today. Estimates from the Office for National Statistics (ONS) show that public … Continue reading “Increase in UK government borrowing for June”


Many Scottish shops and hotels at risk of going under, R3 report claims

Hundreds of retailers and hoteliers in Scotland are at risk of going out of business in the next 12 months, a new report claimed today. Business recovery organisation R3 said that there was … Continue reading “Many Scottish shops and hotels at risk of going under, R3 report claims”


Growth slows in UK service sector in June

Growth in the UK’s service sector slowed down in June, with weak demand and the extra holidays for the Queen’s Diamond Jubilee weighing on activity, a new survey showed today. The Purchasing Managers’ … Continue reading “Growth slows in UK service sector in June”


Wage subsidies brought forward to address youth unemployment in 20 “hotspots”

Areas of the UK with high levels of youth unemployment are to benefit earlier from government help designed to tackle the problem, Deputy Prime Minister Nick Clegg announced today. Under the plan, wage … Continue reading “Wage subsidies brought forward to address youth unemployment in 20 “hotspots””


UK businesses favour more free trade but less integration in Europe

British businesses value free trade with other countries across Europe but are unsure about the value of deeper integration in the European Union, according to a new survey from the British Chambers of … Continue reading “UK businesses favour more free trade but less integration in Europe”


Britain’s young people to struggle to get on the property ladder

The UK’s dwindling stocks of affordable housing has often been called a crisis. But in the report Housing options and solutions for young people in 2020 the Joseph Rowntree Foundation (JRF) says things will only … Continue reading “Britain’s young people to struggle to get on the property ladder”


Bailout for Spain’s banks lifts Asian shares

Spain’s EUR100bn bailout package has lifted shares in Asia and resulted in a 1% gain for the euro against the US dollar and the Japanese yen. Stock markets in Japan and Hong Kong … Continue reading “Bailout for Spain’s banks lifts Asian shares”


Scottish ‘Yes’ campaign for independence is launched

A campaign in favour of Scottish independence is being launched in Edinburgh today. There are plans for a referendum on whether Scotland should leave the United Kingdom, although a date for the vote … Continue reading “Scottish ‘Yes’ campaign for independence is launched”


Asia-Pacific stock markets rebound on G8 comments

Stock markets in Asia and Australia recovered slightly on Monday as G8 members, meeting over the weekend, said they would do everything in their power to avoid another full blown financial crisis The … Continue reading “Asia-Pacific stock markets rebound on G8 comments”


Dubai economy now on the up, say DED and HSBC Banking

Traditionally a treasure chest of good news for the financial and banking world, Dubai is boasting more positive data these days, according to reports by HSBC and Dubai Department of Economic Development (DED). … Continue reading “Dubai economy now on the up, say DED and HSBC Banking”


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