Jubilee To Damage Economic Growth
The Queen’s Diamond Jubilee celebrations could hamper the economy’s recovery due to a reduction in economic output, the Bank of England has warned. As part of the celebrations, British workers have been given an extra bank holiday, which could lead to a drop in economic activity. The Bank of England has said that the four-day […]
Eurozone Crisis Halting UK Economic Recovery
Sir Mervyn King has warned that the continuing crisis in the eurozone is hampering Britain’s efforts to recover from financial meltdown. The governor of the Bank of England has said that Britain is recovering from the biggest financial crisis in its history, but is being held back by a eurozone that is “tearing itself apart”. […]
Small Business Vital To UK Economy
A fraction of small businesses in the UK play the biggest role in the country’s economic growth, a report has revealed. With the UK back in recession, politicians and financial experts are looking at ways to boost the country’s struggling economy in the face of continuing job losses and turmoil in the eurozone. But a […]
Holidaymakers Spend More Than £500 Before Going Abroad
British holidaymakers spend as much money before they leave the country as they do while they are abroad, research has revealed. The Association of British Travel Agents (ABTA) has found that, despite the economic downturn putting a strain on people’s finances, our holiday spending starts before we’ve even left the country. It was found that […]
More Customers Denied Refunds By Credit Card Companies
Shoppers attempting to claim money back from their credit card company, after receiving faulty goods, are increasingly being denied a refund by their card provider. The Financial Ombudsman Service, the independent watchdog for the finance industry, has said it handles as many as 100 complaints per week from customers who’ve been effectively ignored by their […]