Delaying the austerity programme by three years would put 200,000 people back into work and raise economic growth by £239bn over a decade, according to one of the UK’s leading think tanks.
Category: News Wire
Daily feed of the best news affecting your small business from media and websites in Britain and across the world
RBS suffers £1.5bn loss in first half of 2012
Royal Bank of Scotland has made a loss of £1.5bn in the first six months of 2012 as chief Stephen Hester warned of a “grim period” for the industry.
Auto-enrolment must hit the boards running
Schemes must work harder to quantify immediate impact when trying to engage under 30s.
Royal Bank of Scotland future divides coalition
Vince Cable fails to win support for plan which would bolster lending to small businesses
Factory slump shows no quick end to recession
The manufacturing sector shrank at its fastest rate in more than three years in July, a survey of purchasing managers showed on Wednesday, dealing a blow to hopes that the country was about to come out of recession.
What could the ECB do to save the euro?
The attention of world markets will be firmly fixed on the European Central Bank on Thursday, as it announces its monthly policy decision.
Facebook sinks to record low as doubts grow
Facebook Inc’s shares slid 6.2 percent to another record low on Tuesday, diving for the third straight day since lackluster results showed decelerating user growth and revived doubts about its ability to sustain its rich valuation.
New £80bn bank lending scheme could usurp initial credit easing plan
The Coalition’s flagship “credit easing” initiative could be usurped by a new £80bn emergency scheme aimed at kick-starting bank lending to homes and businesses, a Treasury source disclosed
Britain is a good place for entrepreneurs, says Adfonic chief Victor Malachard
The foreign founders of Adfonic say the UK has the right approach for new businesses.
Bankers found to have rigged Libor rate could face jail
Bankers found to have rigged Libor could face jail after the Serious Fraud Office said it will look to bring criminal charges against those who attempted to manipulate Libor, a key global borrowing rate.
Retail bankruptcies rise 10 per cent as high street cull continues
Clinton Cards and Game among the victims as retail industry bucks the trend for fewer corporate insolvencies
Bank of England poised to hold off stimulus
Bank of England policymakers are likely to hold off on a further stimulus injection on Thursday, despite figures that are expected to show the economy was still flatlining into the third quarter.
Standard and Poor’s says UK to keep AAA rating
It expects the British economy to pick up in the second half of this year, despite a slip into recession earlier in 2012.
Paul Chambers wins ‘airport bomb threat’ court battle
Accountant says he feels ‘relieved and vindicated’ as court rules his joke tweet about blowing up an airport was not menacing
George Osborne: no U-turn on deficit reduction plan
Despite shock GDP figures of 0.7 per cent quarterly plunge, chancellor attacks ‘siren voices’ urging government to abandon austerity
