All posts in Economy

Westminster in the London fog

UK borrowing figures improve as a result of bank fines and rise in tax receipts

Official figures released on Friday by the UK’s statistical institute, the Office for National Statistics (ONS), reveals that public sector net borrowing stood at GBP14.1bn in November this year, a better than expected 10% decrease when compared to November last year. Public borrowing of GBP75.8bn between April […]

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Jobs

ONS reports rise in UK employment

Employment in the UK is continuing to grow according to the UK Labour Market statistical bulletin

Bank of England

Bank of England declares results of first concurrent stress testing exercise of UK banking system

Eight major UK banks and building societies have participated in the first concurrent stress testing exercise of the UK banking system, the results of which Britain's central

The City of London

Newly created Local Capital Finance Company  (LCFC) ready to launch in UK

A UK bonds agency, Local Capital Finance Company (LCFC), has been initiated to save local government more than GBP1bn in borrowing costs for investing in new infrastructure, the

The City of London

FCA identifies future risks in UK annuities market

UK financial regulatory body the Financial Conduct Authority (FCA) announced on Thursday that it has published a market study that analyses the annuities market.

Wind turbines, off Denmark

UK government consents to Yorkshire coast wind farm project

Plans for three offshore wind farms off the coast of Yorkshire, Hornsea Project One, have been given the go ahead by the UK government, the Department

Pound coins

UK social sectors win £117m business from Investment and Contract Readiness Fund

The Investment and Contract Readiness Fund (ICRF), a pilot programme created to help charities and social enterprises acquire the skills to raise investment and compete for public service contracts, has

Deloitte's advisory arm acquires restructuring firm

Deloitte invests £25 million to help employees develop business ideas

An investment fund of GBP25m will help employees at Deloitte to develop innovative business ideas and then create and run their own standalone,

Shale gas

National UK shale colleges to provide high level specialist industry skills

The first National College for Onshore Oil and Gas has been welcomed by Business, Enterprise & Energy Minister Matthew Hancock MP, the UK

Payday loans

Price cap regulation on payday loans confirmed by FCA

UK financial services regulator the Financial Conduct Authority (FCA) confirmed on Tuesday that payday lending will be price capped, with the initial costs of short-term credit loans, interest

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