The national minimum wage in the UK is set to go up by 11p, to reach a level of £6.19 per hour, the nation’s government has announced. The rise will take effect in October of this year. This increase will see minimum wage climb by 1.8% from its current level, which is lower than the [...]
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Tags: Finance, inflation measure, jobs news, level, minimum wage in the uk, minimum wage increase, October, personal finance, rate, uk economy 
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The American economy added an extra 227,000 jobs during the month of February, while the nation’s rate of unemployment remained at a level of 8.3% – the lowest level for almost three years. The US Labor Department has also revealed that job-creation figures for December 2011 and January of this year were even better than [...]
Figures released last week show that two of the world’s largest economies, Germany and the USA, saw notable improvements in the state of their labour markets at the end of last year. The figures are a boost for US President Barack Obama. Official figures from the US reveal that the economy created 200,000 jobs in [...]
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The new conservative government in Spain has set out 8.9bn euros (£7.5bn, $11.5bn) worth of new government spending cuts and tax increases, which have the intention of helping to lower the nation’s levels of borrowing. The announcement, which came as 2011 came to an end, was the first in a series of new austerity measures [...]
Today’s economic news has included revised growth figures for the US and UK economies being released, and news of austerity measures being passed in Italy. In America, the economy grew at a slower rate than formerly believed during the three months up to September’s end. Updated figures, released by the US Commerce Department, reveal that [...]
The inflation rate in the UK has declined during November. According to the UK Office for National Statistics (ONS), the Consumer Prices Index (CPI) rate of inflation dropped to 4.8%, falling from its October reading of 5%. The current rate is still way above the Bank of England’s CPI inflation target, which is 2%. The [...]
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The ratings agency Standard & Poor’s (Public, NYSE:MHP) has downgraded the credit rating of Belgium. The rating downgrade may make it more expensive for the eurozone nation to borrow funds in future years. The country’s credit rating was reduced by the one notch, moving down from AA+ to AA. Standard & Poor’s have stated that [...]
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The inflation rate in the eurozone has suffered a steep rise, after it rose to a figure of 3% during September this year. The rate has gone up by 0.5% from its previous reading, after it hit a level of 2.5% during the month of August. No breakdown of the inflation rate, which is the [...]
President Barack Obama is set to reveal plans to increase the minimum tax rate on the wealthiest US citizens, which is intended to ensure they are taxed at the same rate as those lower down the scale. The President will unveil his long-term strategy to reduce the US budget deficit on Monday, when he will [...]
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Fears of an economic slowdown in the United States worsened on Wednesday as figures released by the US Commerce Department revealed that retail sales did not increase during August compared to July. Economists had expected at least some growth but were disappointed at the zero growth rate. July’s rate of 0.5 percent has also been [...]
Posted in Economy, Featured Post Tags: Auto, Draft, percent, political tussle, rate, slowdown, us commerce department, zero growth rate No Comments »
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