News

CHART OF THE WEEK: UK Regional Disposable Income

Summary:

This morning, the ONS released a long-term data series on regional household gross disposable income, which showed that the gap between the richest and poorest regions in the UK had opened up slightly.

Queen's Speech – response from IoD

Responding to the new Government’s legislative programme, as laid out in today’s Queen’s Speech, Simon Walker, Director General of the Institute of Directors, said:

Self-employed react to Queen’s speech

IPSE, the Association of Independent Professionals and the Self Employed, has welcomed the Government agenda laid out in the Queen’s speech.

Shackleton Foundation strengthens Trustee Board

The Shackleton Foundation, the charity which supports social entrepreneurs in Sir Ernest Shackleton’s mould, has strengthened its board of trustees it is announced today ( 27 May 2015).

IET highlights six steps to UK manufacturing success following the Queen’s Speech

The Institution of Engineering and Technology (IET) is highlighting six steps to help UK manufacturing fulfils its potential to boost the UK economy, following today’s Queen’s Speech.

CBI response to the Queen's Speech

Katja Hall, CBI Deputy Director-General, said:

“This is a jam-packed Queen’s Speech, with a strong focus on stepping up a gear on the economic recovery – locking in growth, creating jobs and boosting investment right across the country.

UK consumer confidence hits highest level for nine years

Consumer confidence in the UK rose for the fifth successive quarter to hit its highest level for nine years – according to the latest figures from Nielsen, a leading global provider of information and insights.

47% of UK not planning to take advantage of pension reforms

Nearly half of UK not planning to take advantage of pension reforms due to lack of understanding, finance and confidence around the changes

Value of remortgaging hits six-year high

• Number of remortgages up by a fifth, the largest number seen since September 2013

• Average amount of equity withdrawn per customer up 57% year-on-year but rising house prices mean average LTV has still fallen

Retail sales ramp up as expectations hit 27 year High says CBI survey

Growth in retail sales volumes picked up strongly in the year to May and expectations for next month are at their highest for 27 years,

The fence and the pendulum

Speech given by Martin Taylor, External Member of the Financial Policy Committee, Bank of England. Based on remarks given at the International Association of Credit Portfolio Managers conference, London

Metro Bank SME Finance revolutionises invoice finance fees

• Abolishes value dating charges, saving average customer over £3,800 per annum

• Launches new contract eliminating termination fees

• Challenges industry to follow innovative approach