Barclays: Robotics is the future for Britain’s struggling manufacturers November 30, 2015 The UK's struggling manufacturing sector has bags of potential, according to a new report from a major British lender. Barclays has said today it believes that further automation and utilisation of robotics could add as much as £60.5bn to the sector, and the economy as a whole, over the next 10 years. It would take [...]
Lloyds Bank: More Brits have got spare cash in their pocket November 30, 2015 Brits are feeling more confident about the amount they can save, according to new survey figures published this morning. A survey of 6,210 people from Lloyds Bank showed 20 per cent of them were confident about saving more money over the next 12 months. The figures, which were collected over the three months to September, show [...]
Mario Draghi to boost Eurozone asset purchases November 30, 2015 The Eurozone is geared up to receive a policy boost this week, with the majority of analysts expecting the European Central Bank (ECB) to ramp up its €1.1 trillion (£780bn) asset purchase programme this Thursday. “President Draghi and board members have been unequivocally dovish, indicating that the ECB was working on different options to ease policy further, [...]
New initiative rakes in £300m from stamp duty avoidance clampdown November 30, 2015 HMRC has raked in over £300m in one year through clamping down on stamp duty land tax (SDLT), according to new research released this morning. The government’s new Counter Avoidance Directorate (CAD) collected £301.8m from the tax applied to property and land transactions in the 12 months to March, data from law firm Collyer Bristow [...]
Turkey reaches deal with EU on migrant crisis, including €3bn in aid November 29, 2015 Turkish premier Ahmet Davutoglu has today reached a deal with European Union (EU) leaders on stemming the flow of migrants. According to Reuters, the agreement includes €3bn (£2.1bn) of aid to help support the 2.2m Syrian refugees in Turkey. The deal also includes the renewal of talks about Turkey's entry into the EU and the possibility of visa-free [...]
Watch out on the first day of the month: 1 December is the date during the festive season when most accidents happen November 29, 2015 You better watch out but you might want to cry: 1 December is the date in the festive season when Brits are most likely to suffer an accident at home. According to figures from Allianz Insurance, almost double the number of households report having an accident on this day compared to the average for the [...]
Black Friday 2015 UK vs Cyber Monday: Shoppers on high street decline as they turn online November 29, 2015 The number of shoppers hitting the high street fell on Black Friday as they turned to buying online and as retailers spread their discount deals throughout the week. Footfall on high street pavements was down more than four per cent on Black Friday, compared to the same time last year the earliest figures reveal, according to retail [...]
The UK’s economic growth is losing some momentum, CBI Growth Indicator for November finds November 29, 2015 The growth of the UK's economic is losing some momentum, figures from the Confederation of British Industry reveal. Growth across manufacturing, retail and service sectors remained steady, according to the CBI's latest growth indicator survey of more than 700 respondents. However, the latest forecasts suggest businesses expect over the coming three months growth will be at its weakest [...]
Gold falls to a near six-year low on strong dollar and expectations for a US interest rate rise in December November 27, 2015 Gold slipped to its lowest level in nearly six years today, as it headed for its sixth straight weekly decline. The precious metal has come under pressure from a strong dollar and heightened expectations that the US Federal Reserve will raise interest rates for the first time in nearly a decade at its meeting in December. Spot [...]
UK GDP growth confirmed at 0.5 per cent in the third quarter November 27, 2015 Official data out today has confirmed that the UK economy slowed slightly in the third quarter of this year, nevertheless economists remained optimistic about the outlook for future growth. Gross domestic product grew 0.5 per cent from July to September, from 0.7 per cent in the second quarter, according to the Office for National Statistics. This was [...]