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Calls for price cuts as energy firm profits soar May 22, 2014

Energy group SSE has reported a 9.6% rise in last year’s profits to £1.55 billion. SSE’s raised prices last November by 8.2%, saying that profits from households had fallen due to lower gas consumption and milder weather. Britain’s second largest energy supplier said that all of the profit came from its wholesale arm rather than
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UK economy to beat recession this year May 15, 2014

The National Institute of Economy and Social Research (NIESR) has reported that the economy may already be larger than its pre-2008 high. Jonathan Portes, director of the NIESR, said: ‘The end of the great recession, it is an important moment. The British economy is very close to being bigger than it has ever been. Symbolically,
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Business group predicts interest rate rise May 15, 2014

The Confederation of British Industry (CBI) has predicted that the housing market could force the Bank of England to raise interest rates early next year. Predictions are that UK GDP will rise from 2.6% to 3pc. In a recent statement the CBI said it is ‘bringing forward its estimated date of an interest rate rise
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SMEs ‘more likely to hire’ than larger businesses May 15, 2014

Small and medium-sized businesses are significantly more likely to hire new staff in the next quarter of the year than larger businesses, a new report from the Chartered Institute of Personnel and Development (CIPD) has revealed. According to the research, SME employers are nearly five times more likely to take on new staff over the
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Report indicates surge in self employment May 7, 2014

The think tank Resolution Foundation has released a report showing that the number of self employed people has increased by 650,000 since 2008. 4.5m people are now self employed in the UK. Concerns have been raised that this increase could be the real driving force behind the recent fall in unemployment figures, which the Coalition
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