Category Archives: Economy

Economic Growth

UK Economic Growth Higher Than Estimated

The growth of the UK economy through the second quarter of the year was slightly more pronounced than was previously believed, it has been revealed. Previously, growth was estimated at…

tax evasion

New Penalties for Offshore Tax Dodgers

New penalties have been laid out by chancellor George Osborne for people who avoid paying tax by keeping their funds abroad. Those who commit this kind of tax evasion could…

inheritance-tax

David Cameron Hints at Inheritance Tax Pledge

David Cameron has claimed that he still aims to raise the threshold for inheritance tax so that only “the rich” will be liable for it. He has hinted that a…

Co-operative

Co-Op Has Worst Year Ever

The Co-operative Group has experienced its worst year since the company began. It is expected to record losses of over £2 billion. Exact figures are set to be announced on…

Accounting

Open Books for Energy Firms

Energy secretary Ed Davey has plans to make energy companies provide access to their books for an annual review. This move will see utility providers opened up for inspection every…

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Osborne’s 2013 Budget – A Summary

State of the economy The Chancellor’s budget revealed some highs and lows regarding the current state of the UK economy. Primarily, Osborne announced that the growth forecast for this year…

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Record Insolvencies on British High Street

A study by professional service company PwC found there was a ten-fold increase in the number of high street shops shutting down in 2012 compared to 2011. The data came…

debt

Euro Rises on Encouraging News About Europe and Prospect for Fiscal Cliff

The euro has officially risen significantly on encouraging signs about the United States and European debt crises. New reports have shown that borrowing costs on Italian bonds are now the…

fed

U.S. Federal Reserve Launches QE3

The United States central bank has announced that it is launching a third round of quantitative easing. Central bank leader Benjamin Bernanke hopes that the latest stimulus measures will help…

Experts Claim Europe Needs New Reforms Very Soon

The Eurozone debt crisis has waged on for well over a year. Many experts are starting to become very nervous about the state of mainland Europe. Politicians have tried to…