All posts in Economy

London shopping centre

Competition among UK retailers results in continued price deflation

Competition among UK retailers for market share has resulted in the deepest level of shop price deflation since December 2006, according to trade association British Retail Consortium (BRC), which released its Shop Price Index June 2014 on Wednesday. The BRC-Nielsen […]

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Bank of England

New entry requirements for UK financial institutions increase competition and benefit customers

The Bank of England, which stands at the centre of the UK's financial system, revealed on Monday that financial service industry regulators the Prudential Regulation Authority (PRA) and

BRITAIN -MG Sales Centre

SMMT reports 10.6% increase in UK car sales in the six months to June 2014

The Society of Motor Manufacturers and Traders (SMMT), which supports and promotes the interests of the UK automotive industry, announced on Friday that 1,287,265 new cars

engineering apprenticeships

Tata Steel announces 400 redundancies in Port Talbot in restructuring proposal

Steel producer Tata Steel disclosed on Tuesday that it proposes to restructure its UK Strip Products business in South Wales in order to improve competitiveness by

Plans for Green Investment Bank

UK’s Green Deal Home Improvement Fund issues £8.5m during scheme’s first two weeks

A total of GBP8.5m has been issued to British householders making energy efficient improvements to their homes, during the first two weeks of the Green Deal

Bank of England

Bank of England proposes measures for short term risks in UK housing market

The Bank of England, the central bank of the UK, reported on Thursday that it made recommendations for the implementation of loan-to-income ratio limit for mortgage

mobile commerce

One third of Britons are not using digital skills to get the most out of the 70m technology devices purchased in the UK

Over 70 million technology gadgets have been bought in the UK over the last 12 months, but almost one third of Britons lack the knowledge to make full

mortgage

UK mortgage approval volumes take a downward turn in May – BBA

UK banking and financial services association BBA released its latest figures for British high street banks on Tuesday, which reveal that mortgage approvals decreased in May

Renewable Energy

New Green Deal Home Improvement Fund issues £2.6m to UK households during first week

UK ministerial department the Department of Energy & Climate Change (DECC), which works to ensure the UK has secure, clean, affordable energy supplies and promote international

John Lewis

Britain’s top 100 brands increase in value by £37.3bn

Innovation and marketing creativity continues to grow in the UK according to independent brand valuation consultancy Brand Finance's British Origin league table released on Wednesday, which

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