Tag: boost

Weak UK factory output suggests poor start to Q3

Weak UK factory output suggests poor start to Q3

The Office for National Statistics (ONS) has today revealed UK factory output shrank by 0.2% in July after a flat reading the previous month. The reading was worse than economists had expected and confirm weak prospects for the economy after the figures suggest a poor start to the third quarter. The fall was attributed to [...]

September 7, 2011 | 0 Comments More
FSB calls for VAT cut

FSB calls for VAT cut

The Federation of Small Businesses (FSB) is urging the Government to cut the rate of VAT in core sectors of the economy. The suggestion comes after the FSB’s latest Business Confidence Report, which saw a sharp fall in sentiment during the second quarter. VAT was raised to 20% earlier this year to raise billions of [...]

July 18, 2011 | 0 Comments More
Ireland lowers VAT rate on number of goods

Ireland lowers VAT rate on number of goods

Ireland has slashed its VAT rate on a number of goods, including restaurants, hospitality and tourism in a bid to boost the economy and get consumers spending again. The country’s Government lowered the rate from 13.5% to 9% on 1 July and it will remain until December 2012. The new rate will mean slightly lower [...]

July 4, 2011 | 1 Comment More
Bellway encouraged by rise in sales

Bellway encouraged by rise in sales

Newcastle-based housebuilder Bellway has today said an uplift in consumer confidence has led to a rise in sales. The housebuilder, which is the fifth largest by market value, said it had experienced a sales rate of 111 units per week in the four months to the end of May – 9% higher than the same [...]

June 10, 2011 | 0 Comments More
Thailand’s economic growth boosted by exports

Thailand’s economic growth boosted by exports

May 23, 2011 | 0 Comments More
IEA: Oil supply could threaten global recovery

IEA: Oil supply could threaten global recovery

Paris-based International Energy Agency (IEA) has warned that rising oil prices pose a risk to the global recovery by reducing spending power and fuelling inflation. The agency is urging oil producers to increase supplies to avoid “derailing the economic recovery”. The agency said it is seriously concerned that “there are growing signs that the rise [...]

May 20, 2011 | 0 Comments More
John Lewis reports pick up in weekly sales

John Lewis reports pick up in weekly sales

The John Lewis Partnership, which is regarded as a barometer of British retailing, today reported an improvement in weekly sales - boosted by the half-term school holidays. The renowned employee-owned chain has reported five consecutive weeks of lacklustre sales but in the week to 26 February, sales rose 7.2% to £54 million. Selling director David [...]

March 4, 2011 | 0 Comments More
German retail sales up second month in a row

German retail sales up second month in a row

Federal Statistical Office, Destatis, has today revealed German retail sales grew for a second consecutive month in January. According to Destatis, retail sales rose 2.6% in January on an annual basis - boosted by falling unemployment. Earlier this week, the Federal Labour Office said there was a further fall in the number of people out [...]

March 3, 2011 | 0 Comments More
UK car production up 27% in 2010

UK car production up 27% in 2010

Figures published today by the Society of Motor Manufacturers and Traders (SMMT) revealed a strong rise in UK car production for the 2010 year. UK car production grew by 27.1% during 2010 to 1.27 million cars compared with 2009, with growth up 10.6% in December alone. In addition, commercial vehicles (vans and trucks) also saw [...]

January 20, 2011 | 0 Comments More
Sainsbury’s to create thousands of jobs

Sainsbury’s to create thousands of jobs

January 11, 2011 | 0 Comments More
Bank of Japan keeps interest rates at record low

Bank of Japan keeps interest rates at record low

The Bank of Japan (BoJ) has today left interest rates at almost zero, in a bid to boost the economy and continue its battle against deflation. The Japanese recovery has been faltering of late and exports, a crucial driver for economic growth, continue to slow. In addition, a strong yen could be damaging for the [...]

December 21, 2010 | 0 Comments More
US retail sales rise for fifth consecutive month

US retail sales rise for fifth consecutive month

The Commerce Department has revealed US retail sales grew for the fifth consecutive month in November. Sales grew by 0.8% - exceeding the 0.5% expected by economists and will boost hopes that the economic recovery picked up pace in the final quarter of the year. High unemployment remains a major concern in the world’s largest [...]

December 14, 2010 | 0 Comments More
Measures may be needed to boost growth says Bank’s Bean

Measures may be needed to boost growth says Bank’s Bean

December 13, 2010 | 0 Comments More
Forthcoming VAT hike could boost Christmas sales

Forthcoming VAT hike could boost Christmas sales

The British Retail Consortium (BRC) has revealed some optimism among retailers for the Christmas period. Many believe the Christmas period will be no worse than last year - despite consumers being fearful of the Government’s spending cuts and unemployment. According to the BRC’s snapshot of 17 major retailers, which represents up to 51% of the [...]

December 13, 2010 | 0 Comments More
Japanese economic growth revised upwards

Japanese economic growth revised upwards

Official figures have today revealed the Japanese economy grew faster than estimated in the third quarter due to stronger corporate spending. The world’s third largest economy grew by 1.1% in the July to September period, up from the first estimate of 0.9%. On an annual basis, the economy expanded by 4.5% from an earlier estimate [...]

December 9, 2010 | 0 Comments More
No new measures for euro zone to prevent contagion

No new measures for euro zone to prevent contagion

The meeting of European finance ministers continues today with the debt crisis again to be high on the agenda. However, other issues including the EU budget and VAT are also expected to be discussed. Yesterday’s meeting ended with Jean-Claude Juncker, Luxembourg Prime Minister and Eurogroup Chairman, telling reporters that there is no need to increase [...]

December 7, 2010 | 0 Comments More
Germany against boosting EU rescue fund

Germany against boosting EU rescue fund

A meeting of euro zone finance ministers is taking place today to discuss boosting the EU rescue fund in light of the debt crisis that is currently eating its way into the nation. The recent Irish bailout has done little to allay fears and speculation has been mounting that other weaker euro zone economies may [...]

December 6, 2010 | 0 Comments More
Online shoppers to spend millions on Mega Monday

Online shoppers to spend millions on Mega Monday

Known as “Mega Monday”, today is expected to be the busiest internet shopping day of the year with online shoppers expecting to spend £22 million an hour - according to shopping comparison website Kelkoo. A staggering £537 million is expected to spent today as the majority of British consumers will have just received their final [...]

November 29, 2010 | 0 Comments More
US Fed unveils November minutes

US Fed unveils November minutes

November 24, 2010 | 0 Comments More
UK retail sales exceed expectations in October

UK retail sales exceed expectations in October

According to the Office for National Statistics (ONS), UK retail sales grew in October for the first time in three months. The ONS said sales rose 0.5% in October on a monthly basis - beating analysts expectations of a 0.4% gain. Stripping out volatile fuel prices, retail sales grew 0.3% in the month. However, on [...]

November 18, 2010 | 0 Comments More