News

September sees slowdown in retail sales

The Office for National Statistics (ONS) estimates that the quantity bought in the retail industry in September decreased by 0.3 percent when compared to August. The good news however is that it had increased by 2.7 percent when compared with September 2013.

Deputy Prime Minister launches ‘TechNorth’ – a new tech hub for the North of England

The Deputy Prime Minister is today (23 October) visiting a tech hub in Sheffield to announce the creation of TechNorth – a major new Northern Futures project bringing the pockets of excellence in tech industries from across the North

Exports decline weighs on manufacturing growth says CBI

Domestic orders remain healthy

The recovery in British manufacturing continued in the three months to October, but the pace of growth slowed as new export orders declined, according to the latest CBI Quarterly Industrial Trends Survey.

Bank of England sets out how it will resolve failed institutions

The Bank of England is today publishing its approach to resolving a failed bank, building society or investment firm. Resolution is the process by which the authorities can intervene to manage the failure of a firm.

The figures that make a mockery of manufacturing’s ‘decline’

Despite repeated reports of its demise, manufacturing is responsible for more than half the West Midlands economy and nearly a third of the UK output, according to research for Birmingham City University.

Police and security experts warn communities to be vigilant in a bid to tackle burglaries as dark nights loom

Police and security experts have called on neighbours to join forces in a bid to tackle burglaries as dark nights loom.

Nearly three quarters of UK homeowners (73 per cent) would like to see more vigilance in their communities

UKIP on a surge again

Just as Nigel garage proclaims that the UK will be out of the European Union within the next five years two stories emerge showing just how much of a roll the UK Independence Party is on.

Monetary policy, asset prices and distribution

Speaking at the Society of Business Economists Annual conference, Ben Broadbent, Deputy Governor for Monetary policy, discusses how to interpret the downward trend in interest rates over the past twenty years.

CHART OF THE WEEK: The Productivity Gap

Summary:

This week, the Office for National Statistics published their annual international productivity comparison.

Value of remortgage lending up 19% from last month to top £4.4bn – the largest amount for a year

• Number of remortgage loans also rose by 16% from August

• Remortgage repayments account for less than a fifth of total income, the smallest amount in a year as wages rise for third consecutive month

UK public sector debt increases faster than last year

The latest figures on the UK public sector net borrowing from the Office for National Statistics (ONS) for the months April to September 2014 shows that the UK borrowed £58 billion, which is £5.4 billion more than at the same stage as last year.

Investment company UK equity income sector dividend increases beat inflation by more than 2% a year over 20 years

• Average annual dividend growth 5% per year, compared to 2.9% for RPI
• Capital value also up 122%
• AIC publishes new guide to income