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Industry In A Changing Europe

ecb

Financial services are the focal point of the debate about Britain’s future in the EU. The sovereign debt and banking crises have accelerated integration in the Eurozone, a trend often seen as alien to British interests. The position of the City as the main financial services centre in Europe has become uncertain. [Read more…]

Pension Cap Will Cost Savers

uk money

The DWP consultation on pension charging ended on Thursday 28 November 2013, the Government has proposed a pensions cap at 0.75%.

Legal & General believes the proposed cap will be ineffective in driving down costs, and not tackle the big problem of legacy pension schemes where savers could be getting a poor deal. [Read more…]

Lending Scheme Hits Three-Year High

UK Finance

Small and medium-sized enterprises (SMEs) are increasingly able to secure bank loans supported by a Government-backed scheme, as lending under the scheme reached its highest level since 2010. [Read more…]

Britain Opts for a Bubble Play

Cameron - UK Government

The UK government has “lost patience” with austerity, and with a general election two years away, has abandoned it in favour of a new bout of debt creation, “tempting consumers to leverage their balance sheets into a new housing bubble,” suggests Trevor Greetham of Fidelity Worldwide Investment. [Read more…]

£36.9 Billion Paid Out In Bonuses

Financial London

Total bonus payments received across the whole economy during the financial year April 2012 to March 2013 were £36.9 billion, an increase of 1% compared with the same period in 2011/12. This equates to an average of around £1,400 per employee. [Read more…]

Rising Exports Brighten Outlook

UK trade

UK trade

The UK’s trade deficit contracted in June to stand at £1.5 billion, compared to £2.6 billion in May, according to data released this morning by the Office for National Statistics (ONS). An £8.1bn deficit in goods was largely offset by a £6.5 billion surplus in services. Exports grew by 3.2% over the month, while imports increased by just 0.6%. While month-on-month changes in trade can be very erratic, this improvement appears to be slightly more solid, with exports 4.3% higher over the entirety of Q2 2013 compared to the same quarter a year earlier. [Read more…]

Kebony Wins 2013 Enterprise Award

Kebony

Kebony AS, the innovative company offering sustainable alternatives to tropical hardwoods, has won the 2013 Ethical Corporation Responsible Business Award for small and medium enterprises. [Read more…]

Scheme For Investors In West Bromwich

Aspire - West Bromwich

Aspire – West Bromwich

Leading housebuilder David Wilson Mercia is offering investors in West Bromwich the chance to earn a six per cent annual return through an innovative buy-to-let initiative. [Read more…]

Osborne Must Resist New Wealth Tax Temptation

Gordon Osborne

Gordon Osborne

Despite growing fears of a triple-dip recession, Chancellor George Osborne must resist pressure from his Liberal Democrat coalition partners to introduce a new wealth tax in his 20th March budget, as it could “deter much-needed new foreign wealth from entering the UK and drive out wealthy foreigners who already live here,” says the chief executive of the world’s largest independent financial advisory firm. [Read more…]

Food Tourism Helps Boost Economy

North Wales

North Wales

According to Visit Wales, the tourism industry in North Wales already injects £2.1 billion a year into the Welsh economy, with visitors to Wales on average spending almost a fifth of their holiday budget on food & drink, providing over 200,000 people with jobs in the food industry across the country. [Read more…]