Improvements In Manufacturing Output Can’t Halt Recession
Manufacturing output in the UK was better than expected in March, the latest figures from the Office for National Statistics (ONS) have suggested. The ONS said that manufacturing output in March rose 0.9%, compared to the previous month. This was better than initial forecasts for manufacturing output, which had estimated a rise of 0.5%. But […]
Business Group Predicts Economic Growth
The UK’s economy will return to growth in the second half of this year, a leading business lobbying organisation has said. The reassurance has come from the CBI, which has also predicted that the speed of economic growth in the UK will increase next year. It is a positive prediction, which flies in the face […]
Further UK Economic Woe Predicted
The British economy faces several years of financial hardship with banks and insurers likely to suffer most in 2012, a report has suggested. The UK was plunged back into recession last week, and a report by the Ernst & Young Item Club has predicted that insolvencies will go up to levels not seen since the […]
More Parents Take Their Children Out Of School For A Holiday
More and more parents are taking their children on holiday during term-time, despite facing fines designed to curb the practice. With the UK now officially back in recession, many families are feeling the financial squeeze more than ever. While people are making cutbacks in a number of areas, the family holiday is a priority that […]
UK Back in Recession After Economy Shrinks
The UK’s economy shrank by 0.2% in the first quarter of 2012, meaning the country is now technically back in recession. The threat of a double-dip recession had been looming for some time, after Gross Domestic Product (GDP) fell by 0.3% in the fourth quarter of 2011. A recession is defined as two successive quarters […]
Lending To Businesses Falls at its Fastest Rate in Two Years
Lending to British businesses by UK banks fell at its fastest rate in almost two years in February; figures released by the Bank of England have shown. In its Trends in Lending report, the Bank of England revealed that annual lending to businesses is falling at a rate of 3%. This is compared to the […]
A Third Of New Mums Get Into Debt On Maternity Leave
Nearly a third of new mothers end up in debt during their maternity leave and are forced to cut their leave short as a result of their ailing finances. A survey of more 1,000 new mums found that 28% ended up in the red during their maternity leave, racking up an average debt of almost […]
