Latest News & Events
Final quarter economic growth for 2013 March 5, 2014
The Office for National Statistics (ONS) has released official figures that show the UK economy grew by 0.7% in the final months of 2013, as was previously estimated. The ONS said that business investment in this quarter rose 2.4% from the previous quarter and was up 8.5% from the previous year. Other factors that influenced
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Business group says medium-sized businesses must be nurtured March 5, 2014
The Confederation of British Industry (CBI) has called upon Chancellor George Osborne to support medium-sized businesses in the coming Budget. Access to finance and competitive banking are the key to improving growth for small and medium business, said the CBI, along with help for meeting high energy costs. In previous months, research by the business
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Record low interest rates ‘to rise in spring 2015’ March 3, 2014
A Bank of England policy maker has announced that interest rates are expected to rise for the first time since the economic crisis. Martin Weale, a policy maker in the Monetary Policy Committee commented in a Sky News interview that ‘the most likely path’ would be an interest rate rise in the spring of 2015.
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Consumer confidence improves along with business March 3, 2014
Following recent surveys that indicate business confidence is at a high in 2014, Lloyds Bank has released a report showing that consumer confidence has also improved. The Spending Power report shows that 57% of those interviewed believe their financial situation is ‘excellent’ or ‘good’, and that they will be better off in six months’ time.
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