UK Economy Close To ‘Escape Velocity’

Two former policy makers at the Bank of England said yesterday (July 30) that the UK economy has now reached the “escape velocity” that Bank Governor Mark Carney has said is needed for the economy to grow under its own

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Bank Lending Boost For SMEs

According to data from the Bank of England, lending to small and medium-sized enterprises (SMEs) increased by a record amount in June, despite an overall fall in lending.

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Greater Boost To Economy And Confidence

Following on from news released last week that growth in the economy doubled to 0.6 per cent in the second quarter of the year, the Centre for Economics and Business Research (CEBR) forecast today (July 29) that GDP will rise

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PPI Payments “Too Slow”

Business Secretary Vince Cable has slammed the speed at which the banks are paying compensation to firms that were mis-sold financial products, saying the slowness is causing huge problems for struggling businesses.

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Economy Doubled Pace Of Growth

Figures from the Office for National Statistics (ONS) published today (July 25) reveal that the UK economy grew faster in the second quarter of the year than the first and doubled to 0.6 per cent.

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No Second Homes Through Help To Buy

Chancellor George Osborne announced yesterday (July 23) that the Help to Buy scheme will be extended to a second phase but will be closed to second home buyers.

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Service Sector Exports At Record High

According to data compiled by DHL and the British Chambers of Commerce (BCC), export orders for the UK’s service sector, which accounts for more than three-quarters of economic output, increased for half the firms surveyed in the second quarter of

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There May Be Tax Cuts Ahead

Speaking on the BBC’s Andrew Marr Show yesterday (July 21), the Prime Minister hinted that taxes might be cut if the Conservative party wins an outright majority at the next general election.

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Women Bringing Home More Of The Bacon

A new report suggests that over 40 per cent of women earn more than their partner, which is considerably higher than the estimate of 26 per cent twenty years ago.

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Retail Sales Rise Again

Figures from the Office for National Statistics (ONS) published today (July 18) reveal that UK retail sales rose by 2.2 per cent in June this year compared with the same month in 2012.

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