Entries by admin

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Government borrowing fell in November

UK government borrowing dropped to £8.7 billion last month, down £0.2 billion, predominantly due to higher income tax receipts. To date, the total borrowing figure for 2017 is £48.1 billion, which is the lowest recorded at this time of year for a decade. The Office for National Statistics (ONS) figures showed that revenues from income […]

UK factories see biggest order books in nearly 30 years

British factories are benefitting from an export boom as the pound weakens and demand from strong eurozone economies increases. A survey by the Confederation of British Industry (CBI) shows that 42% of manufacturers increased output in the past three months. Only 11% said they decreased, while 28% said order books are busier than usual. A […]

Star Wars: The Last Jedi’s opening weekend bags $450 million

The opening weekend’s total global ticket sales is the equivalent of £337 million. The nearest rival was Ferdinand which took $13 million (£10 million). The film was placed second all-time for gross North American box office sales in an opening weekend. This constituted $220 million (£165 million) from the US and Canada. The 2015 predecessor […]

UK unemployment rate lowest since 1975

This is correlated, however, with wages not able to keep up with the rate of inflation. In the three months to the end of October, unemployment stood 4.3%, according to the Office for National Statistics (ONS). The same rate was for the previous period of the three months to September. Weekly earnings have risen by […]

UK inflation rises to six-year high of 3.1%

The six-year high was an unexpected leap and will force the Bank of England Governor, Mark Carney, to explain to Chancellor of the Exchequer, Philip Hammond, why the increase has occurred. The Office for National Statistics (ONS) numbers show the figure has risen to 3.1% from October’s 3%, the highest it’s been since March 2012. The […]

Winners announced for 2017 NatWest everywoman Awards

The winners of the awards have amassed a turnover of £95 million between them. The everywoman Awards this year was held at The Dorchester in Mayfair, London and was the 15th anniversary of the awards marking female entrepreneurial achievements. Over 100 female stories were showcased to inspire future endeavours. 15 past ambassadors were invited to the […]

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Over 1,000 jobs to be cut at GE

1,100 jobs are set to go at General Electric’s power infrastructure business as part of a European cost-cutting strategy. The move is due to a fall in investment and a drop in demand for new power stations. The 18,000 staff in Rugby and Stafford will be affected and the company plans to cut around 12,000 […]

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UK’s net worth nearing £10 trillion

A 9% rise from the 2015 figure is the highest jump since 2004. Great Britain’s total worth was estimated at £9.8 trillion ($13.2 trillion) at the end of last year, according to the Office for National Statistics. This is almost £803 billion pounds higher than the previous year and a 9% rise, the highest percentage […]