News Tag: warning
March 17, 2010
The World Bank has raised its GDP forecast for China and urged the Government to let the yuan appreciate to stop the economy overheating.
China‘s economy, which is currently the world’s third largest, has led the way in the global recovery and many have described its recovery as “impressive”.
In a quarterly update on China, the World Bank said gross domestic product would ...
World Bank raises China growth forecast
by Kay Murchie
March 4, 2010
A report by the Recruitment and Employment Confederation (REC) and KPMG has revealed February was the seventh consecutive month in which permanent places rose.
According to the report, more full-time jobs were added in February than at any time since July 2007.
The index, which is produced by Markit for the REC and KPMG, grew from 60.5 to 63.2 in February - any ...
Report reveals improvement in jobs market
by Kay Murchie
February 18, 2010
The Office for National Statistics (ONS) has today revealed that the UK’s public finances deteriorated last month with net borrowing at £4.3 billion.
January is traditionally a strong month for tax receipts - due to income and corporation tax, according to the ONS.
However, tax income was lower than expected and it is the first borrowing figure for the month of January since ...
UK finances deteriorate further in January
by Kay Murchie
Fed warns of higher unemployment
by Kay Murchie
February 8, 2010
Former IMF chief economist, Simon Johnson, has warned that the UK’s debt levels should be seen in the same category of highly indebted countries such as Greece.
Mr Johnson’s was speaking to the BBC about the UK’s debt as the G7 finance ministers discussed the crisis in some of the euro zone economies.
Last week, debt concerns in Europe resulted in heavy ...
Ex-IMF economist warns on UK debt
by Kay Murchie
February 3, 2010
A report by the Institute for Fiscal Studies (IFS) has said the Government needs to be ambitious in tackling the public finances but warned that economic recovery should not be put at "undue risk".
The Institute believes an extra £13 billion in tax hikes or spending cuts is required by 2015-16 in order to repair ...
IFS issues caution to Government in its quest to repair public finances
by Kay Murchie
Think tank warns Government to control spending
by Kay Murchie
January 20, 2010
In an interview with Sky News, HSBC chief executive Michael Geoghegan has warned of the dangers of the new super tax, introduced by the Government to claw back some of the bailout funds used to rescue the banking industry.
The warning comes just a week after London Mayor, Boris Johnson, warned that high-earning bankers are leaving the capital because of the super ...
HSBC chief warns of super tax
by Kay Murchie
January 18, 2010
The International Monetary Fund (IMF) has today warned that the global recovery “remains very fragile“.
Dominique Strauss-Kahn of the IMF said the global economy has been stronger than expected and China and developing Asian economies are leading the way in the global economic recovery but warned all major economies of an early withdrawal from stimulus packages.
He said stimulus measures have led to a ...
IMF: Asia leads global recovery
by Kay Murchie
January 15, 2010
London Mayor, Boris Johnson, has warned that high-earning bankers are leaving the capital because of the super tax which has been introduced by the Government.
In the recent Pre-Budget Report (PBR), UK Chancellor Alistair Darling confirmed there would be a one-off 50% tax on bankers’ bonuses paid above £25,000.
The Chancellor said the banks, rather than the bankers, will pay the ...
Super tax is threat to London warns Mayor
by Kay Murchie
January 11, 2010
Peacocks, which operates more than 500 fashion stores across the UK, posted a 17% rise in like-for-like sales on last year's levels in December and early January.
Richard Kirk, chief executive, said it had experienced a "cracking Christmas as customers decided they were going to celebrate after a year of doom and gloom".
Meanwhile, the good news just keeps on coming for ...
Peacocks, Poundland, Co-op see strong xmas trading
by Kay Murchie
House of Fraser experiences bumper Christmas sales
by Kay Murchie
November 27, 2009
A report by the National Association of Pension Funds (NAPF) has found that just 23% of final salary pension schemes in the private sector are open to new members, compared with 28% a year earlier.
As a result of the findings, the NAPF has issued a warning to the Government to introduce measures to help reduce deficits and the size of pension ...
NAPF issues pensions warning to Government
by Kay Murchie
November 26, 2009
Addressing parliament today, Chancellor Alistair Darling warned that UK unemployment would continue to rise “for a while”.
The latest official figures show that UK unemployment stands at 2.46 million - a rate of 7.8%.
The Organisation for Economic Co-operation recently forecast that UK unemployment will increase to a rate of 9.3% in 2010 and to 9.5% the year after.
Mr Darling said unemployment ...
Chancellor warns of rising UK unemployment
by Kay Murchie
November 9, 2009
The Financial Services Authority's (FSA) chief executive is calling for ethical behaviour within the financial world.
Hector Sants, chief executive of the City regulator, said he is “unconvinced” that top executives have accepted the need to change and operate in a different manner following the financial crisis that rocked the world.
In a speech to the City, Mr Sants said: “It ...
FSA chief issues jail warning to financial firms
by Kay Murchie
October 27, 2009
As part of a crackdown on credit card companies, the Government is warning credit and store card firms to "clean up their act."
The latest proposals follow other restrictions on credit card practices introduced earlier this year after a credit card summit organised by the Government last November saw card companies agree to a set of "fair principles".
One of ...
Government proposes crackdown on credit card companies
by Kay Murchie
October 21, 2009
Bank of England Governor, Mervyn King, warned last night that a major rethink of how banks are structured is required.
Addressing Scottish business leaders in Edinburgh last night, Mr King’s comments came after it was announced that public finances suffered their worst six months on record between April and September.
In his speech, Mr King said that Government support for the ...
BoE Governor calls for banks to be split
by Kay Murchie
October 9, 2009
Nouriel Roubini, a leading US economist who was accurate in predicting the severity of the financial crisis, has warned "the crisis is not yet over."
Mr Roubini, a New York University professor, told the BBC yesterday of his concern that we are already "planting the seeds of the next crisis".
He comments: "I see an economy where the consumers are ...
Leading economist warns ‘crisis is not yet over’
by Kay Murchie
October 2, 2009
USwitch.com has warned against the dangers of stashing savings away in a fixed-rate bond.
Nine million savers have opened a fixed-rate bond in the past year, with 87% choosing a bond over an instant access account because it was the only account they could find paying a "decent" rate of interest.
USwitch.com found 10% of savers who chose a fixed-rate bond have needed ...
USwitch.com warns of fixed-rate dangers
by David Masters
September 26, 2009
Homeowners renting a room to a lodger should inform their home insurance provider, the Association of British Insurers (ABI) said this week.
According to the ABI, homeowners who don't inform their insurance provider about taking on a lodger risk invalidating their policy.
"If you are applying for insurance and you are taking a lodger, or if you have got a lodger, you should disclose that ...
ABI issues lodger warning
by David Masters
