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August 22, 2014 - Latest:

Eurozone recovery stumbles further as business growth eases in August

21 August 2014

Pressure is mounting on European policymakers to undertake new measures to reignite the Eurozone’s ailing economy as new numbers show business activity in the region fell back once again in [...]

Small British businesses set to create 1.9m new jobs

21 August 2014

With the UK’s economy getting back on track business confidence is on a roll as new research shows that small firms across Britain are looking to take on a raft [...]

Mortgage lending jumps to its highest level in six years

21 August 2014

Despite the recent arrival of tighter regulations on home loans gross mortgage lending jumped 7% in July taking it to its highest monthly level in almost six years. According to [...]

Labour pledges to give new regulator the powers to revoke energy firm licences

21 August 2014

Labour has pledged to give a new regulator the powers to tear-up energy companies’ licenses if they are found to be not acting in the best interests of consumers. Caroline [...]

Britons’ household savings jump by 500% in the past 40 years

21 August 2014

Despite the UK’s personal debt tally hitting £1.4 trillion the value of household savings in Britain has surged by more than 500% over the past four decades. According to research [...]

Bank of England Monetary Policy Committee splits seven to two on interest rate rise

20 August 2014

Two out of nine members of the Bank of England’s Monetary Policy Committee voted to raise interest rates in August. This is the first split in the MPC for three [...]

UK households still pessimistic about their finances

20 August 2014

The UK’s Markit Household Finance Index rose fractionally to 42.2 in August, up from 42.0 in July but still well below the neutral 50.0 value says Markit, indicating pessimism. Negative [...]

Self employed at all time high of 4.6 million but average income falls 22 per cent since 2008

20 August 2014

Self-employment is at its highest level for 40 years with 4.6 million self-employed in the period April to June. More people (both self-employed and employees) continuing to work beyond the state [...]

CPI inflation falls to 1.6%. Pound falls as rate rise now seen as very unlikely this year

19 August 2014

The Consumer Prices Index (CPI) grew by 1.6% in the year to July 2014, down from 1.9% in June according to the Office for National Statistics. Falls in clothing prices [...]

European real estate could return 7% a year but deflation remains a threat

18 August 2014

Aviva Investors is forecasting that the European ex-UK real estate market could return up to 8.2% a year over the 2014-2016 period and 7% per annum over the longer term [...]

Housebuilding gets £1bn boost from gov’t fund

15 August 2014

A lack of supply in the property market has pushed up house prices but the government is hoping to counter the problem with a £1 billion house-building project.   Communities [...]

Government rule change boosts home-based businesses

15 August 2014

Britain is a nation of budding entrepreneurs and from today the government is making it easier to set up a business from home.   The number of self-employed has risen [...]

UK’s reluctant self-employed are not the sort of entrepreneurs to boost economic growth

14 August 2014

Thinktank the Social Market Foundation is arguing that the UK’s growing number of self employed are not the sort of entrepreneurs who boost economic growth. The SMF considers whether the [...]

UK unemployment falls to 6.4% but outlook for wages “remains bleak”

13 August 2014

UK unemployment fell to 6.4% in the three months to June from 6.4% the previous month according to the Office for National Statistics. The number of people unemployed fell by [...]

Japan sees fall in second quarter GDP of 1.7% as increased sales tax bites

13 August 2014

Japanese GDP contracted by 1.7% in Q2 2014, the largest economic contraction in Japan since the 2011 earthquake. The contraction is seen by experts as primarily a result of an [...]

Almost 2.5 million households struggling financially despite better economic backdrop

12 August 2014

Despite the UK’s vastly improved economic backdrop and a more buoyant jobs market, one in eight households are still battling to make ends meet. According to Legal & General’a latest [...]

German investor sentiment plummets as fears over the Ukraine crisis deepen

12 August 2014

The problems facing Europe are showing no signs of abating as investor sentiment in Germany has nosedived on the back of escalating concerns over the crisis in the Ukraine. August’s [...]

Investors warned over threat of Russian recession

12 August 2014

The Russian economy is in severe danger of falling into recession as the European Union sanctions against the nation are likely to hit hard. The latest flash estimate suggests that [...]

Mortgage lending continues to rise despite tougher regulations

11 August 2014

The number of home loans granted to borrowers enjoyed an uptick in June indicating that the introduction of tougher lending rules has failed to ease the pace of the UK’s [...]

Economy and jobs market buoyant but wages squeeze set to continue

11 August 2014

Despite the better economic backdrop and a more buoyant jobs market, UK wage growth is still expected to remain weak. The Chartered Institute of Personnel and Development (CIPD) in its [...]

UK plc sales growth comes at the expense of squeezed profit margins

11 August 2014

Upbeat sales growth across UK firms maybe enjoying a rise in sales revenues but the growth is not translating into higher profits. Total annual revenues for British listed firms who [...]

Investors – “Keep Calm and Carry On” when interest rates rise

11 August 2014

In response to the Bank of England Governor’s comment last week that “the economy has edged closer to the point at which the Bank Rate will gradually need to rise” [...]

Recruitment plans among UK firms hit their best rate since 1998

11 August 2014

UK businesses are intending to dramatically bolster their headcount with hiring intentions now at their highest level since 1998 according to research from accountancy group BDO. The firm’s latest Business [...]

UK slipping down the savings league table compared with other advanced economies

7 August 2014

UK households have fallen behind other European households when it comes to the amount they could be saving each year – slipping behind both Spain and Italy and only just [...]

Italy suffering triple dip

6 August 2014

Italy has slipped back into a recession for the third time since 2007 with the economy contracting by 0.2% in the second quarter following on from a 0.1% fall in [...]

Argentine default – what it means for bond holders, for Argentina and other countries

6 August 2014

Jan Dehn, Head of Research at Ashmore discusses the recent news that Argentina defaulted after failing to ensure that holders of 2033 Discount Bonds under New York Law received their [...]

Insurers warn that new Riot Damages Act could see riot cover removed as standard from property insurance

5 August 2014

The Association of British Insurers has warned that Government  proposals to change the Riot Damages Act would leave many firms and motorists facing financial hardship. The ABI estimates that for [...]

House building accelerates at its fastest pace for more than a decade

4 August 2014

During July house building in the UK surged ahead at its fastest rate for more than a decade a new poll has suggested. According to the Markit/CIPS UK Construction Purchasing [...]

Weak US jobs data disappoints markets and reins in dollar

1 August 2014

Weaker than expected US jobs data put the reins on the dollar but provided some confidence that interest rates would remain low for a while longer. While figures from the [...]

Bank fines: where does the money go?

1 August 2014

Lloyds is the latest in a long line of banks to be fined as it was forced to cough up over £200 million for its part in the rate-rigging scandal [...]

Cry for the bondholders – or for Argentina?

31 July 2014

Argentina has defaulted on its sovereign debt for the second time in thirteen years.  But should investors be crying for a nation that was once in the world’s top ten [...]

Home prices grind to virtual halt – but growth could resume

31 July 2014

House price growth came to a virtual dead halt in July, suggesting that the domestic property bubble has stopped expanding even if there are no current signs of a burst. [...]

London homeowners less confident of further price rises than in many other English regions

29 July 2014

Some 92% of homeowners expecting house prices to grow over the next six months according to the Zoopla Housing Market Sentiment survey. Of the 7,810 homeowners predict average property price [...]

House price growth flat over June and now up a reduced 6.4% over 12 months

28 July 2014

House prices in England and Wales have cooled off during the hot summer with numbers from the Land Registry showing no movement between May and June. This followed increases of [...]

Potential home buyers increasingly put-off by threat of rising interest rates and task of raising a deposit

28 July 2014

Rising property prices, the threat of higher interest rates and the task of saving for a deposit are increasingly turning people off the idea of purchasing a home, says Halifax. [...]

UK plc profit warnings rocket to three-year high

28 July 2014

Profit warnings among UK businesses have surged to a three-year high despite the wider economy gathering further pace Last week the first official estimate for economic growth for the three [...]

Economy jumps past pre-crisis peak but we’re not out of the woods yet

25 July 2014

The UK economy has grown 0.8% in the last three months taking it back to its pre-recession peak but economists are wary of underlying weakness. Official figures released today shows [...]

The UK’s economic recovery loses some traction as retail sales disappoint in June

24 July 2014

The hot weather is keeping shoppers off the High Street and potentially endangering the UK’s economic rebound as official numbers show a paltry rise in retail sales in June. Sales [...]

Government must tackle the UK’s “debt hangover” as the period of low interest rates comes to an end

24 July 2014

The UK’s household debt hangover must be a priority for the next Parliament as the end of the holiday period for borrowing costs draws nearer 
a new report has warned. [...]

Weak labour market still concerning Bank of England’s MPC

23 July 2014

The Bank of England Monetary Policy Committee unanimously voted to keep interest rates on hold, the latest minutes show. All nine members voted to keep rates at 0.5% amid concerns [...]

First Time Buyers pushed even further out of the property market

22 July 2014

First time buyers are being further priced out of the property market and those aged 18 to 30 represented just 3% of all house sales in June. According to the [...]

Number of first-time buyers coming to the market rockets in 2014

21 July 2014

The number of first-time buyers in the first six months of 2014 reached their highest level since 2007, according to the bi-annual Halifax First-Time Buyer Review. The research found there [...]

Scottish government runs out of Help-to-Buy funds

17 July 2014

House builders are in an uproar with the Scottish government after news surfaced that its Help-to-Buy money pot has run dry for the current financial year. The government initiative was [...]

Automatic enrolment into workplace pensions could more than double the number saving by 2030

17 July 2014

The number of workers saving into company pension schemes may double by 2030 if current auto-enrolment trends continue, research from the Pensions Policy Institute (PPI) has found. Employees do not [...]

Eurozone annual inflation remains stable at 0.5% in June

17 July 2014

Following the European Central Bank’s recent actions to stave off a period of deflation and boost economic growth in the Eurozone, the cost of living stabilised in the troubled region during [...]

Think tank issues stark warning on the future of UK pensioner poverty

17 July 2014

British pensioners face a very bleak future unless the Government properly tackles the long term challenges of working age poverty, an influential think tank has warned. According to an analysis [...]

The dangers of relying on foresight when it comes to your finances…

17 July 2014

Patrick Connolly, certified financial planner at independent financial advisers Chase de Vere looks at the perils of predicting the unpredictable in the world of savings and investsments… Renowned economist JK [...]

Under 30s still seeing highest inflation

16 July 2014

The under 30s continue to see the highest rate of inflation of1.8% due to tuition fees according the latest Alliance Trust survey of inflation across different age groups. The 50-64 [...]

A massive 99% of investors expecting an interest rate hike in the next year

16 July 2014

The overwhelming majority of investors expect interest rates to rise in the next year according to Hargreaves Lansdown’s Investor Confidence survey. Yesterday’s surprise jump in inflation from 1.5% to 1.9% [...]

Inflation jumps to 1.9% in June. London house prices rise by a record 20.1% in the year to May

15 July 2014

The rate of UK inflation rose sharply in June to 1.9% as prices for clothing, food and drink rose the Office for National Statistics reported today. The Government’s preferred Consumer [...]

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