Unemployment rises by 15,000 to 2.52m in first quarter of 2013
Unemployment rose slightly, by 15,000 in the three months ending in March 2013, less than most economists predicted. |
Bank of England lowers inflation and raises growth forecast
The Governor of the Bank of England, Sir Mervyn KLing presented his final quarterly inflation report today and was able to present lower inflation and higher GDP forecasts. |
BP and Shell raided by EC in oil price fixing investigation
BP, Shell, Platts and Statoil are being investigated by the European Commission as it investigates possible fraud in the setting of the benchmark oil rates that impact on petrol prices. |
Governor King to present final quarterly inflation report
The Governor of the Bank of England, Sir Mervyn King is to present his final quarterly inflation report and is expected to keep 2013 GDP growth estimates close to 1.0 per cent. |
Demand for new homes at highest level since 2009, says RICS
The Royal Institution of Chartered Surveyors reports rising demand for new homes and increased house prices from its surveyors helped by government initiatives such as Help to Buy and the FLS. |
Centrica slated by shareholders over energy prices and pay
Top executives at Centrica were given a rough ride at their annual meeting in London yesterday over the pay of Chief executive Sam Laidlaw and the timing of British Gas energy price increases. |
CML reports first-time buyer floodgates opened in March
The Council of Mortgage Lenders reports that the number of first-time buyers entering the mortgage market went up by 20 per cent in March. |
Mortgage debt burden fell after financial crash, says ONS
A new report by the Office for National Statistics shows that people's mortgage debt burden dropped after the financial crash due to the Bank of Eng;and's policy on interest rates. |
CBI says the UK economy is returning to growth
The CBI says that the UK economy is emerging into growth as it predicts the economy will grow by 1.0 per cent in 2013 and by 2.0 per cent in 2014. |
Co-op presents capital plan to Bank of England
The Co-operative Bank has denied it will need a taxpayer bailout after Moody's cut its credit rating to junk status prompting the resignation of chief executive Barry Tootell |
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