Economic news
Access to credit still hitting businesses says CBI
Firms report the availability of credit has continued to deteriorate and they expect credit conditions to remain difficult over the next three months, according to latest CBI research Read more..
House prices rise by 1.9% in January
House prices increased by 1.9% in January, reversing December's 1.6% fall, according to the latest Halifax house price Index Read more..
UK households are £4 a week worse off
ASDA income tracker reveals UK households are £4 a week worse off with £137 a week of discretionary income to spend in December 2008, 2.9 per cent less than a year earlier Read more..
Data out today expected to confirm UK recession
Official data due out today is expected to confirm that the UK is officially in recession. Read more..
Viable firms at risk as access to working capital gets tougher
The CBI has published a major survey of UK-based companies which examines how the financial shocks of recent weeks are spreading across the whole economy. Read more..
Measures needed to tackle trade credit shortage
Richard Lambert, CBI Director-General, today commented on the Bank of England’s latest Credit Conditions Survey and the need for measures to restore credit flows across the economy, including the car industry. Read more..
Bank cuts interest rate to 2 per cent
The Bank of England has cut interest rates by one percentage point down from 3 per cent to a new low of 2 per cent Read more..
UK interest rates cut to 3%
The Bank of England has dramatically cut interest rates by one-and-a-half percentage points to 3 per cent, the lowest since 1955. Read more..
Eurozone is on brink of recession
European Commission has said that in 2009, the EU economy is expected to grind to a standstill Read more..
City view - Blacks Leisure
The interim results at Blacks Leisure were in-line with the forecasts of Altium Securities, which maintains its ‘Buy’ recommendation on the company. Read more..
Deloitte comments on the latest ONS retail sales figures
Tarlok Teji, Head of Retail at Deloitte, commented, "It is not surprising to see retail sales growth slowing. The continuing diet of negative economic news is filtering down to consumers and this uncertainty is leading them to put new purchases on hold" Read more..
Inflation reaches 16 year high
Consumer Prices Index (CPI) annual inflation, the Government's target measure, was 5.2 per cent in September, up from 4.7 per cent in August. Read more..
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