CBI has called on the chancellor George Osborne to use his March 21 Budget to score the growth and investment policy goals he put forward in his Autumn Statement and give the UK economy and jobs a “real boost”.
Tag Archives: Economy
UK economy on edge of contraction
Despite a gloomy outlook, an easing of inflationary pressures may save the day, says BDO The UK economy stands on the edge of contraction, with businesses’ turnover expectations falling for the fourth month in December. However, easing inflationary pressures may prevent this, according to the latest Business Trends report by accountants and business advisors BDO [...]
DfT bus statistics show little overall movement
The Department for Transport’s (DfT) latest annual bus statistics for England in the financial year 2010/11 indicate a slight net increase in passenger journeys, though the 0.1% rise hides a decrease in metropolitan areas, offset by an increase in London. While passenger journeys were on an upwards trend nationwide from 2004/05 to 2008/09, with a [...]
Bank of England governor fears crisis is ‘worst ever’
Sir Mervyn King gives £75bn quantative easing the go-ahead Bank of England governor Mervyn King has said this financial crisis could be the worst the UK has ever seen. His comments came after the Bank authorised the injection of a further £75bn into the economy through quantitative easing (QE).
Miliband denies being anti-business
Ed Miliband has denied that his Labour conference speech – in which he attacked “predatory” firms and a “fast-buck” culture – was “anti-business”. He told the BBC his aim was to improve behaviour in the commercial sector in an effort to improve the UK’s economy. Large bonuses for bosses who achieve little should be phased [...]
UK service sector sustains ‘solid’ growth in June
The UK service sector sustained “solid” growth in June as volumes of new business continued to rise, according to a closely-watched index. The Markit/Cips services purchasing managers’ index (PMI) edged up to 53.9 in June from 53.8 in May. A reading above 50 indicates expansion. But Markit warned that job creation in the sector remained [...]
