Latest News & Events
Bank of England Governor supports UK wage growth. September 11, 2014
Mark Carney, Governor of the Bank of England (BoE), spoke to the Trades Union Congress (TUC) at their annual conference, commenting on UK wage growth and productivity. Mr Carney said: ‘I can announce today the Bank’s intention to become an accredited Living Wage employer by the time of the next TUC conference. ‘Of course, the
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Manufacturing slows but confidence is up September 4, 2014
The manufacturers’ organisation EEF has released a study of its members showing that growth in the UK manufacturing sector has slowed, but that investment and recruitment are still priorities for business owners. The survey covered near to 300 manufacturers, many of whom said that both orders and output were down throughout August. Export orders are
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Bank lending to SMEs continues to fall September 4, 2014
Figures released by the Bank of England (BoE) show that despite the Government’s Funding for Lending Scheme (FLS), SMEs are still not receiving the boost that was hoped for. John Longworth, Director General of the British Chambers of Commerce, said: ‘The real test for the scheme has always been whether it is able to get
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Landlords need tax breaks, say housing groups September 4, 2014
The Chartered Institute of Housing (CIH) and the Resolution Foundation (RF) have released a report indicating that targeted incentives for landlords would encourage improvements and maintenance on properties. Tax breaks for private landlords currently amount to approximately £7 billion per year, inclusive of repairs, but the report says there is no incentive to perform maintenance
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Treasury collects over £1bn a month in stamp duty August 28, 2014
The boom in property prices has seen the Government’s stamp duty receipts reach exceptionally high levels, with house buyers paying £1.09 billion in stamp duty in July. Revenues from the duty have more than doubled in 18 months. The July figure could be a record (receipts did exceed £1bn when the housing market peaked in
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