BCC: UK growth too reliant on consumer debt
The British Chambers of Commerce (BCC) has downgraded its UK gross domestic product (GDP) growth forecast for the year to 2.4 per cent, from a previous prediction of 2.6 per cent
The British Chambers of Commerce (BCC) has downgraded its UK gross domestic product (GDP) growth forecast for the year to 2.4 per cent, from a previous prediction of 2.6 per cent
For all the hype about Black Friday delivering a boost to the UK economy, the event wasn’t able to life sales at UK stores ahead of those recorded last year.
The American confectionary giant which owns Cadbury is facing fierce criticism after it emerged that it paid no corporation tax in the UK last year.
According to the Markit/CIPS Purchasing Managers’ Index (PMI), during November the UK’s services sector underwent its fastest period of growth for four months.
The deputy governor of the Bank of England (BoE), Sir Jon Cunliffe, has reportedly stated that the next change to interest rates will be an increase.
The deputy governor of the Bank of England (BoE), Sir Jon Cunliffe, has reportedly stated that the next change to interest rates will be an increase.
UK banks have passed Bank of England (BoE) stress tests in order to prove that they have the financial strength to survive if another recession occurs.
Companies who are found guilty of financial misconduct are being served with more fines than ever before, with a 271 per cent increase in penalties over the last 24 months.
New systems will make it almost impossible to hide money in other countries, officials from HM Revenue & Customs (HMRC) have said.
Following his decision to scrap planned changes to tax credits, Chancellor George Osborne has stated that other steps will have to be taken in order to eradicate the budget deficit before the next election.
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