Recent figures from the UK Treasury show that the flagship job creation scheme of British Chancellor George Osborne cost more to administer during its first year than the amount of support it provided. Only 10,000 new companies, which created just 12,400 jobs, have gained support in the first 13 months since the scheme began, through [...]
Car registrations went down by 4.4% during 2011 in the UK, according to an industry body – they declined to 1.94 million. This is the lowest amount of registrations in a single year in over ten years. The decrease in demand for new vehicles, which was evident right up to the year end, is in [...]
A number of individuals in the UK business world have received honours as part of the British Queen’s New Year’s honours list. The Queen hands out honours to people who have achieved success in various fields at the start of each year. Business leaders who have been honoured this year include Andrew Witty, the chief [...]
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George Osborne, the UK Chancellor, has supported the majority of the recommendations of a recent banking report – the Vickers’ banking report – including the protection of retail banking from more risky investment activities. Osborne has also backed the Independent Commission on Banking’s suggestion that banks should keep back a larger cushion of assets. The [...]
Posted in Featured Post, Finance Tags: Bank, banking, banking news, Change, Confirms, Finance, financial crises, majority, personal finance, Report, royal bank of scotland, small businesses, uk chancellor, uk news No Comments »
Groupon (Public, NASDAQ:GRPN) has breached the rules of the UK’s Advertising Standards Authority (ASA) for the 50th time this year. The latest violation, concerning a discount deal which never existed, came just shortly after the company was referred to the UK Office of Fair Trading by the ASA. The offer which involved Ocado (Public, LON:OCDO), the [...]
Posted in Daily Deals, Featured Post Tags: advertising standards authority, asa, asa code, breach, Delivery, Groupon, home delivery service, lifestyle, ocado, price, Service, uk news, us news No Comments »
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 [...]
Posted in Economy, Featured Post Tags: CPI, cpi inflation, employment, employment news, Index, inflation, inflation target, Job, job news, Jobs, rate, uk economy, uk jobs, uk jobs market, uk labour market, uk news, uk unemployment rate No Comments »
Britain’s Prime Minister David Cameron has decided against joining an EU financial crisis accord, aimed at tackling the eurozone’s financial troubles. Mr Cameron stated that the deal was not in the UK’s interest. French President Nicolas Sarkozy meanwhile, said that Cameron’s “unacceptable” demands for exemptions for the UK, from sticking to new proposed financial services [...]
Harry Ramsden’s, the UK-based fish and chip shop chain, are set to close their first ever restaurant in Guiseley, Leeds, 83 years after it opened. The planned closure of the iconic branch in the county of West Yorkshire spells the end of an era for the organisation. The 24 employees who are currently working there [...]
Posted in Featured Post, Finance Tags: chain, company, Economy, Finance, firm, fish and chip shop, fish and chips, Guiseley, harry ramsden, icon, money, uk economy, uk firms, uk news, yorkshire area No Comments »
A range of measures intended to help British businesses, as well as the wider economy, were announced last week as part of UK Chancellor George Osborne’s Autumn Statement. The main new policy which was announced was a new £40bn “credit easing” scheme that will make it easier to underwrite bank loans to smaller firms. Small [...]
Posted in Entrepreneur, Featured Post Tags: eligible firms, entrepreneur, george osborne, investment, medium sized businesses, money, range, Scheme, tax, uk chancellor, uk economy, uk firms, uk news No Comments »
Shares in the UK-based travel company Thomas Cook (Public, LON:TCG) saw a considerable increase at the beginning of this week – they rose by 23% during the afternoon session of trading on Monday. The shares rose after the news of a new financing agreement for the firm, worth £200m. The struggling holiday booking business reached a [...]
Posted in Featured Post, Finance Tags: booking business, Egypt, Finance, holiday, holiday bookings, investors, political unrest, Thailand, thomas cook, Travel, travel industry news, Tunisia, uk news, Week No Comments »
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