The abnormally low interest rates on bonds and other fixed income investments may be here for a very long time. That’s the word from the Bond King Bill Gross, CEO of PIMCO and world-renowned bond rate prognosticator. [Read more…]
Industry In A Changing Europe
December 13, 2013 By Leave a Comment
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
November 30, 2013 By Leave a Comment
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
November 25, 2013 By 1 Comment
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
October 19, 2013 By 1 Comment
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
August 30, 2013 By 1 Comment
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
August 11, 2013 By Leave a Comment
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
June 26, 2013 By Leave a Comment
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
March 4, 2013 By 1 Comment
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
January 28, 2013 By 1 Comment
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…]
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