News

Harriet Harman calls for Cameron to demand compensation from French government for Britons hit by Calais chaos

Interim Labour Leader Harriet Harman MP has today written to the Prime Minister to call for compensation from the French government to be paid to Britons affected by the chaos at Calais.

Depositors protected from changes to FSCS deposit limit

The Prudential Regulation Authority (PRA) has announced new rules to ensure depositors who may experience a decrease in the level of protection following the change to the Financial Services Compensation Scheme

Sterling inches higher on rumblings from Greece

Daily Currency Update

Pound Sterling

Despite there being a notable lack of UK data on Thursday, the Pound still managed to approach the 1.43 level against the Euro

Waitrose customers turn up the heat in the kitchen during week of mixed weather

Trade update for week ending 25 July 2015, from Waitrose Retail Director, Rob Collins

Last week saw provisional divisional sales, excluding fuel, up 0.6 per cent – compared to the same week last year,

UK economy on firm footing – CBI growth indicator

The rate of economic growth strengthened in the three months to July, with business and professional services the driving force, according to the latest CBI growth indicator.

Crowdcube set to innovate in the IPO market with £6m investment

● Crowdcube prepares to engage retail investors in IPOs through a strategic investment from Numis

● Iconic Silicon Valley investor Tim Draper invests alongside Draper Esprit

● Existing backer Balderton Capital invests

A new sterling money market data collection and the reform of SONIA

The Bank of England has today published a consultation document setting out in detail plans first announced in March 2015 for a new sterling money market data collection.

Increase in UK mortgage approvals helps Pound consolidate gains against the Euro

Daily Currency Update

Pound Sterling

An impressive increase in UK Mortgage Approvals helped the Pound consolidate previous gains

1.7 million people missing out on their paid holidays, says TUC

New figures published today (Thursday) by the TUC indicate that 1,669,000 employees are missing out on their minimum legal entitlement to paid holidays.

Could a sugar tax help combat obesity?

Following the BMA’s call for a 20% sugar tax to subsidise the cost of fruit and vegetables, experts in The BMJ this week debate whether a sugar tax could help combat obesity.

CHART OF THE WEEK: UK Recessions and Recoveries

Summary:

The preliminary GDP growth figures for the second quarter of the year, released yesterday, showed a recovery from the disappointing growth of the first quarter.

Retail sales growth up but set to cool slightly – CBI

Consumers splashing out on new clothes helped push up retail sales in the year to July, but the pace of growth is expected to slow next month, according to the CBI’s Distributive Trades Survey.