Archive for the 'Economy' Category

Controversial new graduate tax being considered

The Coalition Government has sparked a new outcry from university leaders who fear that should a tax system be introduced, it would almost probably favour foreign students over those from Britain.
The Government has been looking at new ways to raise university funds and this system would ensure that graduates would pay the tax through their [...]

Retailers show lower sales post-Christmas

Retail sales suffered in the period after Christmas, with sales being 1.8% lower in the period between December and January. This is one of the biggest drops in the past year and a half.
It is thought that the sharp decline was due to the severe winter weather and snow that caused national disruptions throughout the [...]

BA reports loss - still plans cuts up to 1,200 jobs

British Airways has reported a pre-tax loss of £50 million during the third financial quarter of 2009/10 according to BBC news. The loss recorded by BA from October 2009 to December 2009 was actually lower than expected.
Despite announcing that the company beat analysts expectation of up to £151m in losses, British Airways has said it [...]

UK officially leaves recession

Well, it’s finally official; the UK has left behind recession status, but barely scrapes a positive economy growth to do so. The UK economy managed a measly 0.1% growth in the last quarter of 2009, which was lower than what many analysts were predicting.
Despite the somewhat meagre increase, it was a positive positive change nonetheless, [...]

UK interest rates remain at 0.5 percent

The Bank of England (BoE) has left the United Kingdom’s interest rates at half a percent for the tenth month in a row.
Following the latest Bank of England meeting, a decision was made to keep interest rates in the UK at half a percent, a record low that has been held since March 2009.
The rates [...]