New figures to be released later today are expected to show that Britain's longest recession since records began has finally come to an end. Britain's recession began in the second quarter of 2008 and since then for six straight quarters the country's economy has been shrinking. However analysts now believe ...
Written by Steven Adams · Filed Under Business | Comments Off
Following last weeks launch of a new campaign to halt the closure of Britain's pubs by the Beer and pub Association, J.D. Wetherspoon has announced a five-year plan which could see the opening of 250 new pubs and the creation of around 10,000 new jobs. The chain plans to invest ...
Written by Alf Merrywaters · Filed Under Business | Comments Off
The global recession is being blamed for the rise in the number of children in the U.K. now living in poverty. The Campaign to End Child Poverty said that the numbers of those living in poverty has risen by 170,000 in the last year alone. It says that two million ...
Written by Steven Adams · Filed Under General News | Comments Off
Soft drink giant Coca Cola has announced that it has seen a drop in overall sales this year compared to last year but said that the results were not entirely unexpected because of the global recession. It has however reported a growth in sales across emerging markets. Net operating revenues ...
Written by Steven Adams · Filed Under Business | Comments Off
Only a year after being bailed out by the U.S. government, Goldman Sachs has announced massive increase in profits and extraordinary bonuses for its bankers in the U.K. Goldmans, a bank that was bailed out during the crisis using £6.3 billion of the tax payers money has announced that it ...
Written by Allison Stuart · Filed Under Business | Comments Off
Barclays have recently published the results of their Have Your Say survey which aimed to look at how the U.K.'s small business community was coping with the present economic conditions. Launched in June, the online survey has already received 4,000 replies. One of the major worries for small businesses has ...
Written by Steven Adams · Filed Under Business | Comments Off
U.K. spending on groceries has fallen dramatically reaching its lowest level in nearly three decades. Figures just released show that the amount of money being spent by households on food and drink is at its lowest since 1977. The Office for National Statistics has reported that spending for the second ...
Written by Alf Merrywaters · Filed Under Shopping | Comments Off
A new study suggests that the U.K.’s retail sector has not yet felt the worst of the recession. The report by BDO Stoy Hayward LLP, an accountancy and business advice firm, predicts that a rise in unemployment figures will force more than 5000 retailers to close in 2010.
Retail business restructuring ...
Mortgage lending in the U.K. has risen to its highest level since April 2008. In July 50,123 mortgages were approved compared with 47,891 in June.
Experts predict that this figure will continue to rise saying that by the end of the year the amount of approved mortgages should be between 55,000 ...
Written by Steven Adams · Filed Under Home & Garden | Comments Off
Business spending figures through the second quarter of the year were down to their lowest level since records began forty-three years ago.
The IMF has said that the severity of the credit crunch in the U.K. is likely to mean that its potential growth rates will be more acutely affected than ...
Written by Mary Drew · Filed Under Business | Comments Off
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