Small rise in unemployment sees rate rise becoming even less likely

UK unemployment rose slightly by 21,000 to 1.7 million between December and February, according to the Office for National Statistics. The unemployment rate remained at 5.1% lower than last year when it was 5.6%. Earnings, including bonuses rose by 1.8% in the three months to February, which is a slowdown from the 2.1% rate for […]

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Mark Mobius looks at emerging markets performance so far this year

Dr Mark Mobius, Templeton Emerging Markets Group gives his views on the prospects for EM. In our opinion, the long-term investment case for emerging markets remains positive for a number of reasons. Economic growth rates in general continue to be faster than those of developed markets, emerging markets have much greater foreign reserves than developed […]

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Three quarters want banks to be more transparent about how they invest customers’ money

Three quarters of UK adults believe banks should be more transparent about what they do with their customers’ money, according to research from Triodos, the ethical and sustainable challenger bank. Triodos says the results show an increased awareness of ethical savings and investments at a time when the financial sector is under increased scrutiny. The […]

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Brazil will rise above the current turmoil says Mark Mobius

Dr Mark Mobius, Templeton Emerging Markets Group, shares thoughts on Brazil ahead of the 2016 Summer Olympic Games in August. Brazil has been in the media spotlight over the past year for political and economic reasons, and also for sporting ones as host of the 2016 Summer Olympic Games in August. Brazil is no stranger […]

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UK growth forecasts too high says fund firm

The GDP growth forecasts for the United Kingdom are too high with the country over-reliant on consumer spending which is turn over-reliant on the housing market says fund firm Russell Investments. Wouter Sturkenboom, Senior Investment Strategist at Russell Investments, comments: “Since the beginning of 2016, both the GDP growth consensus and the Bank of England […]

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Inflation stalls at 0.3% and public borrowing picture worsens

UK inflation remained at 0.3% in February, as the Consumer Prices Index was held down by falling transport costs. According to the Office for National Statistics, food prices saw the biggest rise, especially the cost of vegetables. Some commentators had forecast a slight uptick to 0.4%. There was further bad news for the UK economy […]

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Leaving the European Union would deliver “a serious shock to UK economy” warns CBI

A Brexit could cost UK economy £100bn and 950,000 jobs by 2020, claims a new report commissioned by The Confederation of British Industry (CBI). CBI director-general, Carolyn Fairbairn, warned that leaving the European Union would leave negative echoes that could last many years after that. In an economics lecture at the London Business School, the […]

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Bank of England sits tight and holds interest rates at 0.5%

Bank of England policymakers have once again decided to sit tight and hold interest rates at 0.5%. This month’s Monetary Policy Committee (MPC) meeting marked the seventh anniversary of the base rate being at its historic low. The decision to hold the cost of borrowing at its present level was unanimous. Given the uncertain global […]

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Neil Woodford on Budget 2016: “Politically astute but that’s all”

Star manager of the CF Woodford Equity Income fund, Neil Woodford, gives his view on George Osborne’s latest Budget… Budgets these days seem to be more about politics than economics and this one was no different. The outlook for the UK economy is neither better nor worse following yesterday’s Budget. What we did learn is that […]

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Call for Chancellor to tackle poor state of “financial wellness” among UK consumers

A new report has exposed the poor state of financial wellness in the UK, leading to calls for the Chancellor to urgently tackle the issue in today’s Budget. The Momentum UK Household Financial Wellness Index has found that at least 10 million adults have not made adequate provision for retirement. It also revealed that more than 25 […]

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