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  • BoE chief economist thinks current stance is correct

    Wednesday 30 May 2012

    In remarks made today to financial TV channel CNBC the Bank of England’s chief economist, Spencer Dale, has indicated that, in his opinion, the current policy stance is broadly right.

  • European Commission warns on UK education problems

    Wednesday 30 May 2012

    The European Commission has warned that too many school-leavers are finishing their education while still 'functionally illiterate and innumerate, with no qualification' resulting in growing economic problems.

  • UK called on to promote investment spending

    Wednesday 30 May 2012

    The European Commission has urged the UK to do more to promote investment spending in a bid to reduce the deficit and bring about growth.

  • UK mortgage lending up in April but still low -UPDATE

    Wednesday 30 May 2012

    Mortgage lending rose slightly in April but was still well below the 25-month high seen in January, when buyers rushed to take advantage of a stamp duty holiday.

  • UK companies may be continuing to hoard cash

    Wednesday 30 May 2012

    The money supply (excluding other intermediate financial corporations) increased by £10.6bn in April, according to the latest data from the Bank of England, versus the average increase of £3.9bn seen in the previous six months.

  • Mortgage lending up in April but still low

    Wednesday 30 May 2012

    Mortgage lending rose slightly in April but was still well below the 25-month high seen in January, when buyers rushed to take advantage of a stamp duty holiday.

  • CBI reports retail revival; business sentiment improving -UPDATE

    Tuesday 29 May 2012

    High Street sales are on the up and business sentiment is growing, according to the Distributive Trades Survey from the Confederation of British Industry (CBI) on Tuesday.

  • House prices tank in April, except in London

    Tuesday 29 May 2012

    The Land Registry has reported that house prices in England and Wales tumbled after the temporary holiday in stamp duty for first time buyers was withdrawn.

  • CBI reports retail revival; business sentiment improving

    Tuesday 29 May 2012

    High Street sales are on the up and business sentiment is growing, according to the Distributive Trades Survey from the Confederation of British Industry (CBI) on Tuesday.

  • Former hedge fund boss Alberto Micalizzi fined by FSA

    Tuesday 29 May 2012

    The former Chief Executive of Dynamic Decisions Capital Management (DDCM) has been fined and banned from working in financial services by the Financial Services Authority (FSA) over serious wrongdoings which took place in 2008.

  • BoE ready to act if euro implodes, Broadbent says

    Tuesday 29 May 2012

    In comments on Monday night at news agency Bloomberg, Bank of England (BoE) policy-maker, Ben Broadbent, argued that the elevated risk premia have created a higher ‘hurdle rate’ for companies' investments.

  • Persistent inflation to postpone recovery in UK consumption

    Tuesday 29 May 2012

    In a research note published on Tuesday morning economists at Barclays explain to clients what has led them to push out their forecast for a recovery in private consumption, namely persistent inflation; something which has been oft commented by some Bank of England watchers of late.

  • Government U-turn on 'pasty tax'

    Tuesday 29 May 2012

    The Government is to back down on plans to introduce VAT on hot savouries, such as Cornish Pasties.

  • ITEM Club forecasts recovery in consumer spending

    Monday 28 May 2012

    At the end of quarter four of 2011, sixteen quarters on from its cyclical peak, consumer spending was 6% below its pre-recession peak, whereas at that same point in previous cycles it was already 2.9% (1990s) and 4.8% (1980s) ahead.

  • EU files suit against Argentina with the WTO

    Monday 28 May 2012

    The European Union (EU) has filed a suit with the World Trade Organisation (WTO) against the controversial import restrictions in Argentina, claiming they negatively affect the European Union's trade and investment.

  • BoE will hit inflation target, chief economist says

    Monday 28 May 2012

    In an interview in this weekend’s Sunday Times the Bank of England’s (BoE) chief economist, Spencer Dale, defended the efficacy of the central bank’s quantitative easing policy and stated his belief that the 2% inflation target will be met.

  • PM launches new loan scheme for young entrepreneurs

    Monday 28 May 2012

    A start-up loan scheme for young people looking to start up their own business has been launched by the Prime Minister.

  • UK house prices rise in May, but signs of weakness apparent

    Monday 28 May 2012

    House prices in the United Kingdom rose by 0.2% month-on-month (-0.6% year-on-year) in May, according to the results of the latest survey carried out by Hometrack.

  • GDP revision strengthens case for further QE, BoE says

    Friday 25 May 2012

    The revised gross domestic product (GDP) data released by the Office for National Statistics just yesterday strengthens the case for further quantitative easing (QE) measures. That, at least, is the opinion of the Bank of England’s (BoE) Martin Weale.

  • UK GDP revised lower

    Thursday 24 May 2012

    The UK remains in recession, only more so, according to revised figures from the Office for National Statistics (ONS), which indicated that UK gross domestic product (GDP) fell more than originally estimated in the first quarter of 2012.

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