Posts Tagged ‘uk economy’

Prices Of First-class Stamps In The UK Set To Rise To 60p

Prices Of First-class Stamps In The UK Set To Rise To 60p

The price of a first-class stamp in the UK will increase from 46p to 60p from the 30th of April this year, after the regulator lifted some of the price controls on Royal Mail. Prices of second-class stamps will also rise – they will move from 36p to 50p, just 5p beneath the top price [...]

Small Scottish Companies Have ‘Missed Out On Lending’

Small Scottish Companies Have ‘Missed Out On Lending’

Small and medium-sized enterprises in Scotland missed out on lending under a recent UK government plan, according to some analysts. Recent data has also uncovered that smaller firms from Scotland received less than 5% of lending from the project started by big banks in Britain and the UK’s government. Under the project, named the Project [...]

UK Chancellor Cuts Top Tax Rate In 2012 Budget

UK Chancellor Cuts Top Tax Rate In 2012 Budget

George Osborne, the chancellor of the UK, has announced that the tax rate for earnings above £150,000 will be cut, as part of his 2012 budget. He also said that the top rate of tax, known as the 50p tax rate, raised “next to nothing”. Osborne is also set to raise the threshold at which [...]

UK Minimum Wage To Increase By 11p Per Hour

UK Minimum Wage To Increase By 11p Per Hour

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 [...]

Welsh Small Businesses Organisation Calls For Further Infrastructure Investment

Welsh Small Businesses Organisation Calls For Further Infrastructure Investment

A business organisation from Wales has called on the British Chancellor George Osborne to allocate more money for investment in Welsh infrastructure, as part of his upcoming budget. The Federation of Small Businesses (FSB) in Wales urged Mr Osborne to make capital investment one of his priorities when he makes his budget statement on the [...]

UK Petrol Price Reaches Record High

UK Petrol Price Reaches Record High

The average price of unleaded petrol in the UK recently hit a record high of 137.44p per litre, industry analysts Experian Catalist have said. The new record level, which came towards last month’s end, is just above the average of 137.43p which was reached last spring. Petrol prices have been pushed upwards by prices of [...]

Core Entrepreneurs Defy UK’s Economic Gloom

Core Entrepreneurs Defy UK’s Economic Gloom

The gloomy outlook for many business owners in the UK, towards the state of the nation’s economy, is not to lowering optimism for a core group of British entrepreneurs, recent research by the Financial Times (FT) (Public, NYSE:PSO) has found. Numerous surveys published in recent months have underlined the fact that there is a crisis [...]

UK Unemployment Rises Again

UK Unemployment Rises Again

Unemployment levels in the UK went up again, rising by 48,000 to hit 2.67 million in the three months up to December 2011, according to the latest official figures. Women accounted for two-thirds of the rise. The number of people in part-time jobs looking for full-time work also hit a new record. The rate of [...]

Economic Activity In The UK Shrank By 0.2% In The Final Quarter Of 2011

Economic Activity In The UK Shrank By 0.2% In The Final Quarter Of 2011

Economic activity in the United Kingdom shrank by 0.2% in the last quarter of 2011, according to latest official figures. The fall marks a significant decline in economic activity from last year’s third quarter – a period when GDP (gross domestic product) grew by 0.6%. The latest economic statistics, which come from the UK’s Office [...]

UK Retail Sales Increased By 0.6% During December

UK Retail Sales Increase By 0.6% During December

UK retail sales volumes went up by 0.6% between the months of November and December 2011, official figures have revealed. This came after large-scale discounting by many British stores. The UK’s Office for National Statistics (ONS) also announced that sales were 2.6% greater last Christmas than they were back in December 2010. November’s figure meanwhile [...]