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22 December 2014
Category:
News

Consumer Confidence Reaches New Highs

Consumer confidence in the UK has reached new highs in 2014, the Lloyds Bank Spending Power Report has revealed. In the lead up to the festive season, a score of 154 was recorded – the highest ever since the index begun while all indices suggest an upwards trend. Sentiment towards the UK’s economic situation is […]


16 December 2014
Category:
News

Bank of England Reveals UK Stress Test Results

The Bank of England has unveiled the results of its first stress testing exercise on the UK banking system, with a mixed batch of results. The eight major UK banks and building societies were studied, with the test specifically designed to assess resilience to a sudden housing market change or a rapid interest rate rise […]


31 October 2014
Category:
News

UK Consumer Confidence at Seven Year High

Consumer confidence in the UK improved again in the third quarter according to insight firm Nielsen; marking a third consecutive rise of three points. The UK Consumer Confidence Index hit 93 in the third quarter of 2014, a high point last seen in the same period of 2007. Despite the improvements there is still some […]


5 September 2014
Category:
News

Bank of England Votes to Keep Interest Rates Down

The Monetary Policy Committee at the Bank of England has voted to keep interest rates at a record low for at least another month. The current rate of 0.5% has been in place for five years and no change in the immediate future appears likely. Despite an improving economic climate and two of the nine […]


20 August 2014
Category:
News

UK Economy More Than Half Way to Recovery

The UK economy is more than halfway towards a full recovery, according to Bank of England governor Mark Carney. He said Britain is “more than halfway towards the finish line” and said he would not risk losing momentum. Better than expected growth for two consecutive quarters has seen expectation levels rise, with growth of 3.5% […]


15 July 2014
Category:
News

Quarter of Brits Overdrawn Shortly After Payday

Despite the undoubted recent improvement in the UK’s economy and recent figures from Aviva’s latest Family Finances Report revealing that income levels have reached record levels, it seems that Brits are still struggling to balance the books. The economy has finally begun to move in the right direction since the recent financial downturn which affected […]


14 July 2014
Category:
News

UK Economy set for Quick 2014 Growth

Growth in the UK economy will outpace any other G7 economy in 2014, according to a report from the EY Item Club. The report also hinted that low wage increases will stave off any potential interest rate rises until at least 2015. Strong business investment will drive growth in UK gross domestic product by 3.1% […]


4 July 2014
Category:
News

Mortgage Approvals at 11 Month Low

Mortgage approvals were at their lowest level for 11 months in May, according to the Bank of England, thanks to stricter lending rules and rising prices. The number of mortgages given the go-ahead was 61,707 in May, down from 62,806 in April – the lowest figure since June last year. The impact of the Mortgage […]


26 June 2014
Category:
News

UK App Economy Booming

Application development will be worth more than £30bn to the UK economy by 2025, search engine giant Google has announced. Google’s annual UK App Economy report revealed that the industry is set to exceed £4bn in 2014 alone, with the UK becoming Europe’s biggest technology hub. Of all app revenue in 2013, more than a […]


5 June 2014
Category:
News

Business Lobby Groups Positive Over UK Economy

The UK economy is in good health, according to a report produced by two major lobby groups – the Confederation of British Industry and the British Chambers of Commerce. According to the CBI, growth rates recorded in May were at a record high – outperforming all months since data was first collected in 2003. Meanwhile, […]

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