Economy NEWS

Dubai economy now on the up, say DED and HSBC Banking

Traditionally a treasure chest of good news for the financial and banking world, Dubai is boasting more positive data these days, according to reports by HSBC and Dubai Department of Economic Development (DED). … Continue reading “Dubai economy now on the up, say DED and HSBC Banking”


The Truth About Payday Loan Fees Compared to Alternative Loan Charges [Infographic]

This info graphic looks at the cheapest way to borrow £100 on a short term basis from four different solutions. The case study focuses on Peter, who represents the average short term borrower … Continue reading “The Truth About Payday Loan Fees Compared to Alternative Loan Charges [Infographic]”


Bank of England keeps interest rates at 0.5% and holds back from further QE

The Bank of England has maintained UK interest rates at 0.5% and also announced yesterday that it will not be extending its programme of quantitative easing (QE). Rates have been held at a … Continue reading “Bank of England keeps interest rates at 0.5% and holds back from further QE”


UK home repossession levels stable in first quarter, CML reports

Home repossessions in the UK in the first quarter of 2012 amounted to 9,600, the same as in the first quarter of 2011, the Council of Mortgage Lenders (CML) reported today. This puts … Continue reading “UK home repossession levels stable in first quarter, CML reports”


UK manufacturing returns to growth in March but industrial output falls

UK manufacturing output rose again in March, showing an increase of 0.9% after a fall of 1.1% in February, according to the latest Index of Production released today by the Office for National … Continue reading “UK manufacturing returns to growth in March but industrial output falls”


UK retail sales hit by wettest April on record

Retail sales in the UK were were dampened by the wettest April on record, according to a report released today by the British Retail Consortium (BRC). The latest BRC-KPMG Retail Sales Monitor reveals … Continue reading “UK retail sales hit by wettest April on record”


EU expresses concerns over fund managers

Concern over pan-European regulations which are being perceived as harmful to both business and private equity dealings with the US and Asia has been expressed by fund managers reports City index. Citing the … Continue reading “EU expresses concerns over fund managers”


UK prime minister announces Airbus contract in Indonesia as Far East trade tour continues

Prime Minister David Cameron, who is visiting Indonesia as part of a four-day trade tour of the Far East, today announced a GBP326m Airbus contract with Indonesian airline Garuda. The PM said that … Continue reading “UK prime minister announces Airbus contract in Indonesia as Far East trade tour continues”


70% of Britons Have Debt Problems, Say Co-Op

Statistics have shown that 70% of Britons have experienced a debt or financial problem. This was shown by research conducted by the Co-Operative Bank. If you have ever found yourself in a financial mess, … Continue reading “70% of Britons Have Debt Problems, Say Co-Op”


Online dating scams cheat Brits out of £37bn

Love-sick Brits hunting for romance online are being cheated out of around £37 billion through sating sites, research has revealed. Fraudsters are targeting emotionally vulnerable Britons looking for love, by grooming them in … Continue reading “Online dating scams cheat Brits out of £37bn”


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