Economy NEWS

Homes near top English state schools cost 13% more on average

New research from Lloyds Bank released on Friday indicates that average property prices in the postal districts of the top 30 state schools in England have now reached GBP344,446, an average GBP40,728, or 13%, higher than county … Continue reading “Homes near top English state schools cost 13% more on average”


Confidence in UK car production boosted by Nissan’s £100 million investment in Sunderland factory

Japanese car manufacturer Nissan Motor Co Ltd is to make an investment of GBP100m in its Sunderland plant, securing at total of 34,000 jobs in both manufacturing and the supply chain into the next decade, it was … Continue reading “Confidence in UK car production boosted by Nissan’s £100 million investment in Sunderland factory”


UK Government to introduce tough fines for companies that fail to pay national living wage

British Prime Minister David Cameron has said that the government will fine unscrupulous employers who do not pay their staff the national living wage, it was reported on Tuesday. The government’s crackdown on national living … Continue reading “UK Government to introduce tough fines for companies that fail to pay national living wage”


UK government sets regulated rail fare increases at 1% for 2016

Rail fares in the UK are to be capped at the inflation rate under a five year plan announced by government on Tuesday, which means rail fares will increase by just 1% next … Continue reading “UK government sets regulated rail fare increases at 1% for 2016”


UK’s trade deficit widens in June

Britain’s deficit on trade in goods and services increased to £1.6bn during June 2015, up from £900m in May 2015, according to the UK’s Office for National statistics (ONS) latest statistical bulletin: UK … Continue reading “UK’s trade deficit widens in June”


UK has exported five million cars since 2010

UK motor industry trade association the Society of Motor Manufacturers and Traders (SMMT) revealed on Thursday that UK car exports have reached five million since the beginning of 2010. Steady growth in the … Continue reading “UK has exported five million cars since 2010”


UK to spend over $24bn on upgrading and improving road network until 2021

Britain’s road network is to benefit from major improvements over the next 8 years and road building companies are advised to prepare for a huge increase in work as a result of a … Continue reading “UK to spend over $24bn on upgrading and improving road network until 2021”


Olympic Legacy Budget helps to fund £2.3m London Professional Apprenticeship programme

A new apprenticeships programme in London’s professional services sector is to receive a total of GBP2.3m in funding, comprised of GBP1.4m from the Olympic Legacy Budget and GBP900,000 from professional services firm PricewaterhouseCoopers LLP … Continue reading “Olympic Legacy Budget helps to fund £2.3m London Professional Apprenticeship programme”


Buyer demand outstrips number of UK homes for sale during November

House prices in the UK are predicted to continue to rise in 2014, according to the Royal Institution of Chartered Surveyors (RICS), which released its UK Residential Market Survey on Monday. The independent, … Continue reading “Buyer demand outstrips number of UK homes for sale during November”


JCB to expand operations in Staffordshire and create 2,500 jobs by 2018

Construction and agricultural equipment manufacturer JCB announced on Friday that its planned investment of GBP150m, for expansion of operations in Staffordshire over the next five years, has been welcomed by the Chancellor of … Continue reading “JCB to expand operations in Staffordshire and create 2,500 jobs by 2018”


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