Double-Dip: Recession Never Actually Happened

The Office for National Statistics (ONS) says updates to its past calculations on the performance of the UK economy mean Britain was never in a double-dip recession after all. Revised GDP data showed that output was actually flat in the first three...

12.07 | 0 komentar | Read More

Power Warning: Higher Risk Of Shortages

The energy regulator has warned of a greater risk of power shortages in three years' time - although it says blackouts are unlikely. Ofgem said electricity margins could tighten in 2015-16 to between around 2% to 5% and the generation industry must...

12.07 | 0 komentar | Read More

Spending Review: The Key Points

The main announcements from Chancellor George Osborne in his spending review for 2015/16 as outlined to MPs in the Commons: WELFARE: :: Reforms to include the 'welfare cap' set in Budget statement annually from April 2015 for four years, though state...

12.07 | 0 komentar | Read More

Spending Review: Osborne Wields The Axe Again

Public sector workers, benefit claimants and ex-pat pensioners have all been hit under the Chancellor's drastic plans for extra spending cuts. George Osborne declared Britain was "moving out of intensive care and from rescue to recovery" but warned...

12.07 | 0 komentar | Read More

Markets Tumble Across Europe After Asia Drops

Major Asian stock markets tumbled on Monday, extending last week's falls that hit exchanges around the world. Shanghai slumped 5.30% to 1,963.24 - below the psychological 2,000-point level analysts had pegged as requiring support. Hong Kong lost 2.22%,...

12.06 | 0 komentar | Read More

Vodafone Lines Up £9bn Kabel Deutschland Deal

Mobile phone giant Vodafone is poised to buy Germany's biggest cable operator in a deal worth £9.1bn, it has been confirmed. The addition of Kabel Deutschland's 8.5 million connected households would leave Vodafone with 32.4 million mobile, 5 million...

12.06 | 0 komentar | Read More