Economy NEWS

Ratings agency Moody’s warns of negative outlook for Germany

Credit ratings agency Moody’s on Tuesday warned that the outlook for Germany’s AAA credit rating is negative, which is said to be the first step towards a possible downgrade. Credit ratings for the … Continue reading “Ratings agency Moody’s warns of negative outlook for Germany”


Fears of sovereign bailout for Spain grow

Asian shares fell and the euro hovered near multi-year lows earlier on Monday as Spain ignited concerns about its ability to resist a sovereign bailout after two indebted regions looked for financial assistance … Continue reading “Fears of sovereign bailout for Spain grow”


Increase in UK government borrowing for June

Borrowing by the UK government increased by more than expected in June 2012 as the economy remained weak, official figures revealed today. Estimates from the Office for National Statistics (ONS) show that public … Continue reading “Increase in UK government borrowing for June”


Many Scottish shops and hotels at risk of going under, R3 report claims

Hundreds of retailers and hoteliers in Scotland are at risk of going out of business in the next 12 months, a new report claimed today. Business recovery organisation R3 said that there was … Continue reading “Many Scottish shops and hotels at risk of going under, R3 report claims”


Growth slows in UK service sector in June

Growth in the UK’s service sector slowed down in June, with weak demand and the extra holidays for the Queen’s Diamond Jubilee weighing on activity, a new survey showed today. The Purchasing Managers’ … Continue reading “Growth slows in UK service sector in June”


Wage subsidies brought forward to address youth unemployment in 20 “hotspots”

Areas of the UK with high levels of youth unemployment are to benefit earlier from government help designed to tackle the problem, Deputy Prime Minister Nick Clegg announced today. Under the plan, wage … Continue reading “Wage subsidies brought forward to address youth unemployment in 20 “hotspots””


UK businesses favour more free trade but less integration in Europe

British businesses value free trade with other countries across Europe but are unsure about the value of deeper integration in the European Union, according to a new survey from the British Chambers of … Continue reading “UK businesses favour more free trade but less integration in Europe”


Britain’s young people to struggle to get on the property ladder

The UK’s dwindling stocks of affordable housing has often been called a crisis. But in the report Housing options and solutions for young people in 2020 the Joseph Rowntree Foundation (JRF) says things will only … Continue reading “Britain’s young people to struggle to get on the property ladder”


Bailout for Spain’s banks lifts Asian shares

Spain’s EUR100bn bailout package has lifted shares in Asia and resulted in a 1% gain for the euro against the US dollar and the Japanese yen. Stock markets in Japan and Hong Kong … Continue reading “Bailout for Spain’s banks lifts Asian shares”


Scottish ‘Yes’ campaign for independence is launched

A campaign in favour of Scottish independence is being launched in Edinburgh today. There are plans for a referendum on whether Scotland should leave the United Kingdom, although a date for the vote … Continue reading “Scottish ‘Yes’ campaign for independence is launched”


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