Surprise Jump In Inflation
UK inflation as measured by the Consumer Prices Index (CPI) rose unexpectedly in June, to 1.9 per cent, up from May’s 1.5 per cent and the biggest monthly increase since October 2012.
UK inflation as measured by the Consumer Prices Index (CPI) rose unexpectedly in June, to 1.9 per cent, up from May’s 1.5 per cent and the biggest monthly increase since October 2012.
The Federation of Small Businesses (FSB) has criticised the Government’s “unambitious” broadband programme, calling it “not fit for purpose”, and has called for market reform and a new approach to rolling out rural coverage.
Research has revealed this week that, not only do big firms owe small and medium-sized enterprises (SMEs) huge aged debt but that the ones who don’t use them as suppliers are wary of doing so.
The Bank of England’s new Deputy Governor, Nemat Shafik, suggested that higher interest rates may be on the Bank’s agenda soon, telling members of the Treasury Committee that the task of managing a smooth exit from very low interest rates would rank amongst her biggest challenges in her role of Deputy Governor for Markets and…
Growth in manufacturing output slumped 1.3 per cent in May, the biggest decline since January 2013, according to official figures released yesterday (8 July), while the wider measure of industrial output also decreased over the month, falling by 0.7 per cent.
The Confederation of British industry (CBI) has warned that UK firms face millions of pounds in compensation bills because of a recent ruling by the European Court of Justice (ECJ) that said workers should be paid commission even when on holiday.
The UK will become the world’s fifth biggest economy and the second largest in the European Union, behind Germany, by 2020, according to recent predictions.
Although growth in the UK’s dominant service sector slowed slightly in June, overall expansion remained strong, indicating further strengthening of the economy in the first half of 2014 and pointing to a buoyant six months to come.
‘Pulling a sickie’, or taking a day off work for reasons other than genuine illness, is crippling business in the UK, with up to £9bn lost a year, according to a recent study.
According to recent research, just over one third of small businesses plan to increase overseas sales over the next 12 months, generating an additional £15bn in export revenue for the UK.
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