George Osborne Says Economy Still Struggling

  • March 24, 2015

George Osborne Says Economy Still Strugglingec The Chancellor tells Sky News the UK’s recovery remains fragile and insists a promised EU referendum is not damaging business. 19:07, UK, Monday 23 March 2015 The Chancellor has admitted the UK’s economic problems are not over and there is “lots more work to do”. George Osborne also insisted Britain […]

UK inflation rate falls to zero in February

  • March 24, 2015

  UK inflation rate falls to zero in February Lower prices for food and computer goods helped to cut the rate to zero UK inflation rate fell to 0% in February, the lowest since records began, official figures show. Lower prices for food and computer goods helped to cut the rate from 0.3% in January, […]

UK unemployment falls to 1.86 million

  • February 18, 2015

UK unemployment falls to 1.86 million The number of people out of work in the UK fell by 97,000 to 1.86 million in the three months to December. The unemployment rate now stands at 5.7% of the adult working population, the Office for National Statistics (ONS) said. The ONS said the employment rate, or level […]

David Cameron: Unemployed young ‘should do community work’

  • February 17, 2015

David Cameron: Unemployed young ‘should do community work’ Young people out of work, education or training for six months will have to do unpaid community work to get benefits if the Conservatives win the election. David Cameron said about 50,000 18 to 21-year-olds would be required to do daily work experience from day one of […]

Miliband in ‘apprenticeship guarantee’ for school leavers

  • February 17, 2015

Miliband in ‘apprenticeship guarantee’ for school leavers Labour would guarantee apprenticeships for every school leaver in England who “gets the grades” by 2020, Ed Miliband has said. The pledge comes as Mr Miliband set out his party’s business policies for the general election. He argued better training and higher wages were key to boosting productivity. […]

UK inflation rate falls to record low of 0.3% in January

  • February 17, 2015

  UK inflation rate falls to record low of 0.3% in January rate of UK Consumer Prices Index inflation fell to 0.3% in January, its lowest level since records began. Cheaper petrol and lower food prices – helped by a supermarket price war – cut the rate from 0.5% in December, Office for National Statistics […]

UK economy records fastest growth since 2007

  • January 27, 2015

UK economy records fastest growth since 2007 The UK’s economy grew by 2.6% last year, the fastest pace since 2007 and up from 1.7% in 2013, official figures have shown. Figures from the Office for National Statistics (ONS) showed the economy grew by 0.5% in the final three months of 2014. That was a slowdown […]

Bank of England MPC unanimous on holding interest rates

  • January 21, 2015

Bank of England MPC unanimous on holding interest rates All nine Bank of England policymakers voted to keep interest rates on hold this month, after two of them dropped calls to raise rates from 0.5%. Two members of the Bank’s Monetary Policy Committee (MPC), Martin Weale and Ian McCafferty, had been calling for a rate […]

UK unemployment falls to 1.9 million

  • January 21, 2015

  UK unemployment falls to 1.9 million The number of people out of work in the UK fell by 58,000 to 1.91 million, its lowest level for more than six years, in the three months to November, official figures indicate. The unemployment rate now stands at 5.8% of the adult working population, the Office for […]

Low oil price to push petrol below £1 a litre, says RAC

  • December 17, 2014

Low oil price to push petrol below £1 a litre, says RAC The RAC said it expected petrol to be below £1 a litre early in 2015. Petrol could soon sell for below £1 a litre thanks to the plummeting price of oil, motoring organisation the RAC has predicted. If the prediction proves to be […]