2011 Archive
Christmas shopping spend to net £1bn today as sales start early
High Street retailers are praying for success and have issued fierce promotions as competition for the Christmas pound takes on new urgency in the retail sector. |
EU leaders gather in Brussels ahead of vital debt crisis talks
European leaders are gathering in Brussels for talks on finding a lasting solution to the euro debt crisis with the possibility of a new treaty emerging. |
Consumer confidence flat but appetite for major purchases rises
The GfK/NOP consumer confidence survey for November shows a tiny increase from a near-all time low in October of -32 to -31 but there is a glimmer of hope for retailers. |
OBR: "Deficit reduction target will not be met until 2017"
The Office for Budget Responsibility (OBR) will say in its latest forecast tomorrow that the deficit target will only be met by 2017 if the government maintains the freeze on spending. |
BCC says deficit reduction policy stalls UK economic growth
The British Chambers of Commerce has lowered its forecast for UK economic growth to 0.9% in 2011 and 0.8% in 2012 and says it expects to see more quantitative easing. |
Bank of England expected to report slight fall in inflation
The Bank of England publishes its October inflation report this morning which is expected to show a slight fall in the consumer prices index from 5.2 per cent. |
FSA & OFT reveal guidelines on payment protection products
New guidelines have been unveiled by the Financial Services Authority and the Office of Fair Trading to try and prevent another mis-selling scandal. |
Cameron: Inflation is the Bank of England's responsibility
David Cameron has expressed sympathy with UK households suffering from high inflation and low wage increases but says controlling inflation is down to the Bank of England. |
China's aid to Europe likely to come at a price
China could invest between €50 - 100 billion in the European bailout facility but it is likely to demand strong assurances of the safety of its investment in return. |
Million-pound homes sales rise to four-year high
Sales of homes worth £1 million or more are at the highest level since 2007, new research has shown. |
Backbencher attacks Tory economic policy ahead of conference
A Conservative MP, Andrew Tyrie, has attacked the coalition government's economic policy ahead of the parties conference which starts in Manchester tomorrow. |
Gruebel resigns as UBS chief over $2.3bln rogue trader loss
The CEO of UBS, Oswald Gruebel, has resigned over the rogue trader losses of $2.3 bln incurred by Kweku Adoboli. He will be replaced by interim CEO Sergio Ermotti. |
Osborne says "time is short" to act on euro debt crisis
Ahead of a meeting of European leaders in Poland, the Chancellor, George Osborne has called on US and European leaders to act now to lead the eurozone out of the debt crisis. |
Derbyshire ups rate on net saver account
Derbyshire Building Society has increased the rate on its net saver account to 3.18 per cent. |
Can I put my partner on my own car insurance policy?
A woman from Aberdeen wants to know if her partner can purchase their own policy for her car despite being banned from driving three years ago. |
Bank credit problems lead to concern of new banking meltdown
The inability of major European banks to borrow on the money markets has led many analysts to fear that we are heading for a new global banking crisis. |
German economy slows sharply in 2nd quarter
Economic figures released today reveal that the German economy grew by just 0.2 per cent between April and June and its economic growth figures for the first quarter were revised downwards from 1.5% to 1.3%. |
US stock markets make late gains after Fed announcement
US stock markets made late gains after a wild afternoon of highs and lows on the US markets following an announcement by the Federal Reserve that it will keep interest rates close to zero until mid-2013. |
US debt ceiling: Republicans struggle to get plan agreed by Tea Party
Talks resumed this morning amongst Republican's to agree a deal that will get enough support from their own senators to be able to be put to a vote. |
Cable says US debt talks failed due to "right wing nutters"
Vince Cable has said that the US debt ceiling talks have stalled due to Republicans in the US Congress and that the US debt problems will affect global markets more than the eurozone debt issues. |
Citizens Advice: Return tax credit paperwork as soon as possible
The deadline for people to return their tax credit paperwork is less than a fortnight away and Citizens Advice has warned against returning it late. |
Bypassing the banks to get higher interest rates
Peer-to-peer lending allows borrowers and lenders to meet and bypass banks to potentially earn more interest on deposits and pay less interest on borrowings. A new player has arrived called Thincats.com to join established companies such as Zopa. |
Removing legal aid for welfare and tax credits advice "perverse"
The Low Incomes Tax Reform Group has criticised government plans to cut legal aid for welfare and tax credits advice. |
Nationwide offers customers new reduced rates
Nationwide customers can now take advantage of reduced tracker and fixed mortgage rates, with the firm's head of mortgages describing the best-buy five-year fixed rate deal as offering "outstanding value and reassurance". |
Banks need new 'social contract', BoE deputy governor says
British financial institutions need to restore their reputations in the eyes of the public and behave responsibly, the deputy governor of the Bank of England has said. |
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