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British and US manufacturing in record falls
Latest figures show that British manufacturing shrank at a record pace in November. The Purchasing Managers’ Index fell to 34.4 in November, compared to 40.7 in October, the lowest level and the...
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Business confidence rises to 6-year high
Hopes that the recession has finally come to an end emerged today after the Institute of Chartered Accountants in England and Wales (ICAEW) said confidence among British businesses has jumped to a...
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British exports see marginal rise
Official data has revealed the value of British exports grew by just 0.05%, or £28 million, in the final three months of 2009 compared with the same period a year earlier. The figures were a surprise...
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British consumer confidence takes another dive
It seems British people are concerned about the economic outlook after the GfK consumer confidence index dipped two points in May to -18 from -16 in April. The reading is the lowest level since...
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Moody’s could cut ratings on British banks
Moody’s rating agency has revealed it is investigating how the UK’s biggest banks would manage business without Government support. The agency said it may downgrade the debt of its ratings of up to 18...
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British households continue to be financially squeezed
Influential think tank, the Centre for Economics and Business Research (CEBR), has said higher inflation and low pay rises means British households face their biggest squeeze since 1921. The report...
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