Tag: higher

UK unemployment up to 2.51 million

UK unemployment up to 2.51 million

The Office for National Statistics (ONS) has today revealed UK unemployment rose sharply in the three months to July – the biggest rise in almost two years. The ONS said unemployment rose by 80,000 in the three month period to 2.51 million – far higher than the 70,000 expected by economists. The latest figures take [...]

September 14, 2011 | 0 Comments More
UK inflation jumps to 4.4% in July

UK inflation jumps to 4.4% in July

The Office for National Statistics (ONS) today announced Consumer Price Inflation (CPI) rose to annual rate of 4.4% last month after easing to 4.2% in June. Analysts had expected the figure to rise slightly to 4.3%. Higher inflation continues to be led by rising food costs – which grew by 6.2% in July, while clothes [...]

August 16, 2011 | 0 Comments More
UK public sector borrowing higher than forecasts in June

UK public sector borrowing higher than forecasts in June

The Office for National Statistics (ONS) has today revealed UK public sector borrowing rose last month. According to the ONS, public sector net borrowing rose to £14 billion last month compared with £13.6 billion June 2010. The figure was higher than analysts’ expectations and was attributed to a fall in income tax receipts. The figure [...]

July 21, 2011 | 0 Comments More
US Q1 economic growth figures revised upwards

US Q1 economic growth figures revised upwards

The Commerce Department has today revealed the US economy grew by an annualised 1.9% in the January to March period – marginally higher than the previous estimate of 1.8%. On a quarterly basis, growth was up 0.58%. Today’s reading is the third and final for first quarter growth. Stubbornly high unemployment and a depressed housing [...]

June 24, 2011 | 0 Comments More
Vince Cable applies pressure to banks over lending commitments

Vince Cable applies pressure to banks over lending commitments

Speaking to the Treasury Select Committee today, Business Secretary Vince Cable has warned banks over lending, threatening higher taxes. The business secretary told MPs that the amount of lending to small and medium-sized enterprises (SMEs) was a “serious problem” and has reminded banks of their targets, set out in the Project Merlin agreement. Under the [...]

June 8, 2011 | 0 Comments More
UK borrowing higher than forecast in April

UK borrowing higher than forecast in April

The Office for National Statistics (ONS) has today revealed UK public sector borrowing was higher than expected last month, due to a decline in tax receipts. According to the ONS, public sector borrowing was £10 billion in April, compared with £7.3 billion last year. Last year’s figure was boosted by £3.5 billion by the tax [...]

May 24, 2011 | 0 Comments More
Greek public deficit reaches 10.5% of GDP

Greek public deficit reaches 10.5% of GDP

According to statistics agency Eurostat, Greece’s public deficit reached 10.5% of GDP at the end of 2010 – higher than the 9.5% forecast. The Greek finance ministry has previously attributed the larger deficit to a deeper than expected recession, which cut into tax revenues and social security contributions. The figures suggest the country continues to [...]

April 26, 2011 | 0 Comments More
UK public borrowing higher than forecast in February

UK public borrowing higher than forecast in February

The Office for National Statistics (ONS) has today revealed UK public sector borrowing was higher than expected last month. According to the ONS, public sector borrowing was £11.8 billion in February - the highest for the month of February since records began in 1993. Furthermore, the figure was far higher than the £6.9 billion expected [...]

March 22, 2011 | 0 Comments More
UK inflation surges to 4.4% in February

UK inflation surges to 4.4% in February

The Office for National Statistics (ONS) today announced Consumer Price Inflation (CPI) rose to an annual rate of 4.4% in February – the highest rate since October 2008. The latest figures mean inflation is still way above the target of 2% – where it has been for more than a year and exceeded economists expectations [...]

March 22, 2011 | 0 Comments More
US inflation rises in February

US inflation rises in February

The Labor Department has today revealed US prices rose by 2.1% on an annual basis in February - up from 1.6% in January. On a monthly basis, prices rose by 0.5% – the fastest rise since June 2009, driven by higher oil and food costs. Food costs rose by 0.6% month-on-month, the most in two-and-a-half [...]

March 17, 2011 | 0 Comments More
Airline profits will be hit by higher oil costs

Airline profits will be hit by higher oil costs

The International Air Transport Association (IATA) has again revised its forecasts for the airline industry. However, the forecasts have been revised on the back of surging oil prices, according to the industry body. IATA said global airlines will make a profit of $8.6 billion (£5.3 billion) for 2011 - down from the $9.1 billion it [...]

March 2, 2011 | 0 Comments More
US core inflation rises in January

US core inflation rises in January

The Labor Department has today revealed the US Consumer Price Index, the core rate of inflation, rose by 1.6% on an annual basis in January. However, the rate is still within the central bank’s target of closer to 2%. On a monthly basis, prices rose by 0.2% - the largest gain since October 2009 - [...]

February 17, 2011 | 0 Comments More
UK producer prices rise higher than forecast

UK producer prices rise higher than forecast

The Office for National Statistics (ONS) today revealed producer output prices increased 4.8% on an annual basis in January - higher than expectations of a 4.4% gain. Meanwhile, producer input prices for January were 13.4% higher on an annual basis - the biggest rise in more than two years. It was also higher than forecasts [...]

February 11, 2011 | 0 Comments More
IFS: Higher tax rate to hit 750,000 more people

IFS: Higher tax rate to hit 750,000 more people

Respected think tank, the Institute for Fiscal Studies (IFS), has today revealed three quarters of a million people will become higher rate taxpayers from April. The earnings threshold will be lowered to £35,001 from £37,400 on 5 April - with the IFS estimating that the average household will be £200 worse off. The study from [...]

January 31, 2011 | 0 Comments More
UK producer prices rise higher than forecast

UK producer prices rise higher than forecast

The Office for National Statistics (ONS) today revealed producer output prices increased 0.5% in November on the month, after October’s 0.4%. The forecast was for a rise of 0.4% and takes the annual rate to 4.2%. According to RBS economist Ross Walker, it will make “uncomfortable” reading for the Bank of England and will raise [...]

January 14, 2011 | 0 Comments More
US Q3 economic growth figures revised upwards

US Q3 economic growth figures revised upwards

The Commerce Department has today revealed the US economy grew by 2.5% in the July to September period – much faster than the 2% previously estimated and higher than economists had forecast. Today’s estimate is the second reading, a third and final estimate will be available next month. GDP was revised upwards due to higher [...]

November 23, 2010 | 0 Comments More
CIPD estimating thousands more UK job losses from spending cuts

CIPD estimating thousands more UK job losses from spending cuts

The Chartered Institute of Personnel and Development (CIPD) has said the private sector will be hit severely hard as a direct result of the Government’s spending cuts. Last month, Chancellor George Osborne unveiled his Comprehensive Spending Review – in what has been described as the most savage spending cuts since the Second World War. The [...]

November 2, 2010 | 0 Comments More
Survey reveals small manufacturers expected to raise output

Survey reveals small manufacturers expected to raise output

According to a survey from the Confederation of British Industry (CBI), small manufacturers are expecting to increase production in order to meet higher demand. The CBI survey, which questioned 382 businesses, established that a balance of 19% of firms expect to raise output - higher than the 9% balance in the previous three months, According [...]

November 1, 2010 | 0 Comments More
September public borrowing rises to record high

September public borrowing rises to record high

The Office for National Statistics (ONS) has today revealed public sector net borrowing totalled £15.607 billion in September – its highest for the month of September since records began more than 17 years ago. The figure was also higher than the £14.2 billion economists had expected and compares with £14.806 billion a year earlier. Overall, [...]

October 20, 2010 | 0 Comments More
US trade deficit widens in August

US trade deficit widens in August

The Commerce Department today announced the US trade deficit widened in August by 8.8% to $46.6 billion (£29 billion), from $42.58 billion in August. Economists had expected a $44.5 billion gap. According to the Commerce Department, the widening in the trade deficit was primarily due to record imports from China. Imports from China rose 6.1% [...]

October 14, 2010 | 1 Comment More