Tag: letter

Leading economists urge Coalition to drop 50p tax rate

Leading economists urge Coalition to drop 50p tax rate

A group of twenty leading economists have called on the Coalition Government to scrap the top 50p tax rate as it is damaging the UK economy. The request comes at a time when many experts believe the economy could be heading towards a double-dip recession and the rate should be dropped in order to boost [...]

September 7, 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
Low interest rates hit savers

Low interest rates hit savers

A campaign group has written to the Bank of England’s rate-setting committee to urge them to lift interest rates to encourage saving. The low interest rate of 0.5% has been in place since March 2009 – when the economy was in the midst of recession. The record low rate, however, has meant the value of [...]

July 7, 2011 | 0 Comments More
Greek yields up on Wolfgang Schaeuble comments

Greek yields up on Wolfgang Schaeuble comments

Germany’s Finance Minister, Wolfgang Schaeuble, has said Greece is at “risk” of default if funds are not provided soon. In a letter dated 6 June to the European Central Bank and the International Monetary Fund (IMF), the Minister said a new package was required as the current one is “insufficient”. “A return by Greece to [...]

June 8, 2011 | 0 Comments More
CBI calls for economic growth focus

CBI calls for economic growth focus

The Confederation of British Industry (CBI) is urging Chancellor George Osborne to provide a “relentless focus” on economic growth and job creation when he presents his annual budget later this month. In a letter to the Chancellor, the business lobby group said action must be taken in order to boost the economic recovery. Over recent [...]

March 7, 2011 | 0 Comments More
Bank of England presents Quarterly Inflation Report

Bank of England presents Quarterly Inflation Report

Presenting today’s Quarterly Inflation Report, the Bank of England’s Governor, Mervyn King, said inflation will continue to stay high in the first half of 2011. Mr King warned inflation might even reach 6% but it will fall back next year. The Bank’s report comes just a day after the Office for National Statistics (ONS) announced [...]

February 16, 2011 | 0 Comments More
UK inflation surges to 4% in January

UK inflation surges to 4% in January

February 15, 2011 | 0 Comments More
UK inflation rises to 3.2% in October

UK inflation rises to 3.2% in October

The Office for National Statistics (ONS) has today announced Consumer Price Inflation (CPI) rose to an annual rate of 3.2% in October, up from 3.1% in September. The latest figure represents the eleventh consecutive month that inflation has been above the target of 2% and will prompt the Governor of the Bank of England, Mervyn [...]

November 16, 2010 | 0 Comments More
UK inflation to hold steady at 3.1% in October

UK inflation to hold steady at 3.1% in October

The Office for National Statistics (ONS) is scheduled to announce the UK inflation rate for October tomorrow morning, with analysts expecting the annual rate to hold steady at 3.1%. With inflation way above the 2% target, the Governor of the Bank of England, Mervyn King, will be forced to write a letter to Chancellor George [...]

November 15, 2010 | 0 Comments More
N&P reported to have mis-sold investments

N&P reported to have mis-sold investments

Norwich & Peterborough Building Society has been hit with claims of mis-selling of investments between 2006 and 2009. The building society, which is Britain’s tenth largest, is expected to receive letters tomorrow from solicitors acting on behalf of 250 customers, demanding compensation for investment advice they received in the society’s branches about its Keydata products. [...]

September 13, 2010 | 0 Comments More
UK inflation dips to 3.1% in July

UK inflation dips to 3.1% in July

The Office for National Statistics (ONS) has today announced Consumer Price Inflation (CPI) slipped to an annual rate of 3.1% in July - down from to 3.2% in June. The latest figure, which was widely expected by analysts, represents the eighth consecutive month that inflation has been above the Bank of England’s target of 2%. [...]

August 17, 2010 | 0 Comments More
UK inflation hits 17-month high in April

UK inflation hits 17-month high in April

The Office for National Statistics (ONS) has today announced Consumer Price Inflation (CPI) rose to 3.7% in April - the highest level in 17 months and far exceeding the 2% target. Furthermore, the increase was much higher than analysts’ expectations. The rise was boosted by food, fuel and clothing price gains. Annual food inflation reached [...]

May 18, 2010 | 0 Comments More
CBI calls for ‘credible’ economic plan

CBI calls for ‘credible’ economic plan

The Confederation of British Industry (CBI) is calling on the Government to provide a ‘credible’ economic plan for balancing public finances by 2016 - two years earlier than planned. The business group believes that Chancellor, Alistair Darling, should use his last Budget before the general election to give more details of spending plans for Whitehall [...]

March 8, 2010 | 0 Comments More
Buffett confident of US housing market recovery

Buffett confident of US housing market recovery

Respected US billionaire investor Warren Buffett has said the problems in the US property market will be over within a year. In his annual letter to shareholders in Berkshire Hathaway, the investment group controlled by Mr Buffett, he said prices will remain ‘far below bubble levels’ for the medium term. He added: “People thought it [...]

March 2, 2010 | 0 Comments More
Rating agencies should not be concerned about UK’s fiscal position says King

Rating agencies should not be concerned about UK’s fiscal position says King

Mervyn King, the Bank of England’s Governor, has today appeared before the Treasury Select Committee to discuss the latest inflation figures and the issues surrounding the UK’s economy. Last week, the Office for National Statistics revealed Consumer Price Inflation (CPI) rose to a 14-month high of 3.5% in January, driven by higher petrol costs and [...]

February 23, 2010 | 0 Comments More
Cadbury describes Kraft bid as ‘unappealing’

Cadbury describes Kraft bid as ‘unappealing’

Roger Carr, chairman of British confectionery giant Cadbury, described its US rival’s £10.2 billion takeover offer as an “unappealing” and “unattractive prospect”. Last week, US food giant Kraft, which is renowned for brands such as Kenco coffee, Oreo biscuits, Terry’s Chocolate Orange and Toblerone, approached Cadbury with the unsolicited offer, which the maker of Dairy [...]

September 13, 2009 | 0 Comments More