Treasury Gets £35bn Windfall From QE Interest

The Treasury is to receive a £35bn boost as part of a deal with the Bank of England that will effectively reduce public debt. Chancellor George Osborne and Bank Governor Sir Mervyn King have agreed that the BoE will give the Treasury interest earned...

12.06 | 0 komentar | Read More

Olympic Stadium: Dismay Over Delayed Future

By Enda Brady, Sky News Correspondent Olympic and Paralympic champions have voiced their dismay at news that the stadium may not open fully until the summer of 2016. Four bids are still being considered as full-time tenants at the Stratford venue,...

12.06 | 0 komentar | Read More

Bank Of England Adopts QE 'Wait And See'

The Bank of England (BoE) has announced it will not pump more money into the UK economy this month. The move follows the country's official exit from recession - but the BoE will be watching the recovery closely. It was a decision widely expected...

12.06 | 0 komentar | Read More

Collapsed Comet 'Massive' Sale Slated Online

Customers who rushed to a sale at Comet have expressed disappointment over the level of discount. The electronics retailer had announced a "massive stock liquidation" ahead of store closures as early as next week, but angry shoppers took to Twitter...

12.06 | 0 komentar | Read More

World Stock Markets Fall After Obama Victory

World stock markets fell sharply on Wednesday afternoon amid concerns for the US and eurozone economies. The Dow Jones in New York dropped 1.3% on opening - and fell over 2.4% in morning trading - in its first trading session since the re-election...

12.07 | 0 komentar | Read More

Supermarkets Cut Petrol Prices By Another 2p

Three supermarket chains have cut their petrol prices again, reducing the cost of fuel by 2p at pumps across the country. Asda was the first to announce the discount, which follows similar reductions towards the end of last month. It will now charge...

12.07 | 0 komentar | Read More

M&S 'Taking Action' As Profits Take A Tumble

Marks and Spencer has reported a fall in underlying pre-tax profit to £297m for the first half of this year and pledged further moves to drive sales. The chain, which is 18 months into a three year transformation plan, blamed pressure on consumers'...

12.06 | 0 komentar | Read More

Pay Gap In Reverse As Women Work 'For Free'

The gender pay gap is so large that women will effectively work the rest of the year for free, it is claimed. A study by the campaign group Fawcett Society suggests that, rather than improving, the pay and jobs prospects of women are going into...

12.06 | 0 komentar | Read More

Romney Win 'Could Boost Dow By 500 Points'

The Dow Jones industrial index might be boosted by up to 500 points if Republican presidential hopeful Mitt Romney wins the election, it has been claimed. The Centre for Economic Business Research (CEBR) said the bounce could occur before Mr Romney,...

12.06 | 0 komentar | Read More

BRC: Retail Sales Fall Ahead Of Christmas Rush

Retail sales have grown at their slowest pace for almost a year as shoppers stick to buying only essential items, according to new research. Like-for-like sales were down 0.1% in October, compared with the same period last year, a study by the British...

12.06 | 0 komentar | Read More