Archive for the ‘Economic Outlook’ Category
One-in-five of Working Population ‘Economically Inactive’
Friday, February 19, 2010 7:50 No CommentsFigures indicated that the number of people claiming for Jobseeker’s Allowance rose by 23500 in January and reached 1.64 m. There was an increase in the number of long-term unemployed, an increase of 37000 over the last three months to 663000.
The number classified as economically inactive hit an all-time high of 8.08m, which takes up [...]
BoE Accused of Ducking its CPI Target
Wednesday, February 17, 2010 9:00 No CommentsAfter Mervyn King was forced to explain to the Chancellor Alistair Darling in a sixth explanatory letter about the violation of its target of 2%, the Bank of England was a dilution of the anti-inflationary remit accused.
Criticism came after the consumer price index rose by 3.5% in January, which was more than three times the [...]
Debt Fears Hurt Banks
Friday, February 12, 2010 10:30 No CommentsAfter weak performances overnight on Wall Street and in Asia debt fears, the FTSE 100 is seen opening down, reverse ascend rally on Monday. The UK blue chip index closed 31.41 points higher, recovered by 0.6% to 5092.33 on Monday as gains in miners and strength in the defensive problems repealed.
On Monday, Wall Street joined [...]
Biggest Fall in UK Exports Since 1947
Sunday, February 7, 2010 11:05 No CommentsIn 2009, the British exports recorded the largest decline ever since records began in 1947, as manufacturers do not take advantage of a weaker pound to encourage the demand for their goods. While total exports fell by 9.5% in 2009, the demand for foreign-made products also declined because punters tighten their purse to ride out [...]
Clean Energy Cashback Plan Finally on Broaded
Tuesday, February 2, 2010 7:07 No CommentsPlans to reward eco-friendly homes for green energy, produce their solar panels get a muted welcome. The clean energy cash-back plan is known as “feed-in tariffs”, which offers incentives in April for those who install small scale renewable energy to their homes.
The government argued that one in 10 homeowners can fit panels or small wind [...]
Small Manufacturers Rises in Exports Goods
Monday, February 1, 2010 17:02 No CommentsExport orders for small and medium-sized manufacturers have begun to stabilize after seven quarters of decline, according to a survey.
The finding comes in the latest quarterly SME Trends Survey by the CBI business organization. He said that 27% of those surveyed saw their export orders rise in November to January, while 25% said they noticed [...]
UK Deficit Warning from City Economists
Friday, January 8, 2010 7:57 No CommentsA Financial Times survey of economists warns that Britain is in danger of succumbing to a budgetary crisis this year, with the economy likely to stay in the doldrums until at least the end of 2010.
Asked to name the three biggest risks to the economy, 37 of the 79 economists polled said the UK was [...]

