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 […]
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 […]
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 […]
Real Time Disbursements on Prepaid Cards: Visa and OboPay
Prepaid cards give companies an exceptional degree of control over real time disbursements and pay outs and also eliminate or reduce expenses associated with the issuance of paper cheques. The added advantage of prepaid cards is that they also eliminate the risks of handling cash and hence, provide insurance benefits to boot and this is […]