Tag: severe

Turkey’s economic growth soars in Q1

Turkey’s economic growth soars in Q1

The Turkish Statistics Institute (TurkStat) has today revealed the Turkish economy expanded at a rate of 11.7% in the first quarter of 2010 on an annual basis. The figures indicate a strong recovery from a profound recession, which hit the wider global economy. Turkey’s economy emerged from recession in the final quarter of 2009, experiencing [...]

June 30, 2010 | 0 Comments More
Budget will bring council tax freeze

Budget will bring council tax freeze

In a bid to ease the pain from severe spending cuts, Chancellor George Osborne has said the coalition Government will proceed with its proposal to freeze council tax in England. Tomorrow’s budget is expected to bring tax hikes and deep benefit cuts so the council tax freeze is expected to help “millions of families…… at [...]

June 21, 2010 | 1 Comment More
John Lewis takings down due to January freeze

John Lewis takings down due to January freeze

The John Lewis Partnership, which is seen as a barometer of British retailing, today announced that takings dived by almost 30% in the week to 9 January compared with the same week a year ago as a result of the severe weather that has hit the UK. The results have revealed the impact that the [...]

January 15, 2010 | 0 Comments More
Shopper numbers down due to snowfall

Shopper numbers down due to snowfall

Research company Synovate has revealed that the recent heavy snowfall is having a major affect on the number of people visiting the High Street. The UK has been hit by the worst weather in 30 years and on Sunday 10 January, overall shopper numbers in non-food stores in the UK were down 14% compared with [...]

January 11, 2010 | 0 Comments More
IMF issues stark warning to bullish commentators

IMF issues stark warning to bullish commentators

As the leaders of the world’s largest economies get ready for next week’s IMF meeting in Washington, it warns that the current global recession is likely to be “unusually long and severe, and the recovery sluggish.” The latest statement from the International Monetary Fund (IMF) will shock many commentators who have seen glimmers of hope [...]

April 16, 2009 | 0 Comments More