January snow hits UK retail sales
UK retail sales declined from December to January, surprising economists who had forecast sales to grow at the start of the year. Figures released today by the Office for National…
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French government mulls investment in car group Peugeot
France's government could participate in a capital hike at PSA Peugeot Citroen SA (EPA:UG) if needed, in an effort to help the carmaker limit its increasing losses, daily Liberation cited…
Bank of England reports continued rise in mortgage approvals
Further signs are emerging of a recovery in the UK housing market, as the Bank of England said today that mortgage approvals rose again in December 2012. The number of…
Home repossessions in the UK continue to fall
The rate of home repossession in the UK continued to fall in the third quarter of 2012, the Council of Mortgage Lenders (CML) reported today. In its latest quarterly report,…
OECD lowers forecast for UK economy in 2012
The Organisation for Economic Co-operation and Development (OECD) has said that it expects the UK economy to contract by 0.7% in 2012. This is a significant decrease from the OECD’s…
Wet weather keeps shoppers away from Britain’s high streets
There was a decrease in the number of shoppers visiting high streets, shopping centres and out of town retail parks across the UK in the three months to July, according…
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)…
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…
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.…
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…
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