All posts in Economy

Acropolis, Greece

UK government prepares for possible Grexit

The deepening debt crisis in Greece has prompted warnings that the country may pull out of the eurozone. Amid reports of planned protests across Greece, the British government and UK companies are said to be assessing the impact of a so-called […]

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Inflation

UK Consumer Prices Index increases by 0.1% in the year to May 2015

The UK's national statistical institute, the Office for National Statistics (ONS), has released its monthly statistical Consumer Price Inflation bulletin for May 2015, which shows that inflation in

Building Materials

New builds prop up construction industry

Output in the construction industry decreased by 0.8% in April this year, compared with March 2015, but new work increased by 1.6%, according to the latest figures from

George Osborne

How Will George Osbourne’s “Northern Powerhouse” Affect the Building Industry?

The building industry is one of the most important in all of the UK. There are few other industries that affect other areas of the UK economy but

Oil Drumsg

Crude oil prices rise as OPEC votes to maintain production levels at 30m barrels

  Oil prices rose by around 0.6% on Friday, following a decision by ministers from the Organization of Petroleum Exporting Countries (OPEC) to maintain current oil production levels at

Cash in the bank

UK consumers still prefer to pay in cash

The Payments Council has published data for transaction payments made last year, which show that cash continues to be the most popular payment method by consumers in the

Employment

National Management Salary Survey finds continued culture of pay-for-poor-performance in UK

The Chartered Management Institute (CMI), a UK chartered professional body dedicated to promoting the highest standards in management and leadership excellence, reported on Wednesday that the results of

mortgage

UK business lending and mortgage borrowing on the rise as economic confidence grows

Affordable credit in the UK has resulted in high street banks lending more to businesses and consumers in April 2015, according to figures released on Thursday by the

Queen's jubilee

Queen’s Speech reveals increases in personal tax allowance linked to minimum wage

Her Majesty The Queen made her speech to both Houses of Parliament at the State Opening of Parliament 2015 on Wednesday, in which it was revealed that the

Westfield Shopping, east London

UK retail sales volumes exceed expectations in May

Retail companies in the UK have seen robust sales growth this year, with the volume of retail sales and orders exceeding expectations in May, according to a quarterly

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