The financial crash knocked some of the stuffing out of the economics profession, though you wouldn’t know it given the confidence with which economists still parade their forecasts.
Category: News Wire
Daily feed of the best news affecting your small and medium sized business SME / SMB from media and websites in Britain and across the world
The pound could fall another 16% as Brexit unfolds, says Deustche Bank
The currency has dropped about 18 per cent against the dollar and 12 per cent against the Brexit vote.
A third of UK on ‘inadequate’ income
Nearly a third of the population of Britain is living on an “inadequate” income, according to research by the Joseph Rowntree Foundation (JRF).
Self-employment ‘reduces tax take’ as firms avoid responsibilities
The head of Theresa May’s inquiry into the way millions of people work has said there is evidence businesses are using self-employment laws to avoid tax.
Rolls-Royce tumbles to record annual loss of £4.6bn
Rolls-Royce has reported a record annual loss of £4.6bn after the engineering giant was hit by a combination of sterling weakening, huge fines for bribery charges, and tough conditions in some of its key markets.
One in five startups is planning to set up in Europe because of Brexit
One in five startups is planning to set up in another county in Europe because of Brexit, but the majority intend to keep their headquarters in the UK, new figures reveal.
Credit Suisse is cutting 5,500 jobs in 2017 after losing $2.4bn
Bank had already shed 7,250 staff in 2016 – it did not specify where the latest losses would be.
Wage growth faces squeeze as price rises kick in
The standard of living is rising at its slowest pace since 2014 as inflation starts to catch up with wage growth, economists believe, reports the Telegraph. Prices rose by 2 per cent in the 12 months to January, official numbers are expected to show this week, while pay growth is forecast to have stalled. Average […]
RBS ‘could cut 15,000 jobs’ in bid to save £800m per year
The bank has lost over £50bn since it was bailed out in 2008.
Pensioner incomes ‘outstrip those of working families’
Typical pensioner incomes now outstrip those of working-age people, a report from the Resolution Foundation says.
The Co-operative Bank has put itself up for sale
The Co-operative Bank announced this morning it is to put itself up for sale after making “considerable progress” on its turnaround plan that saved the lender from near-extinction in 2013.
Germans warn London could lose its ‘gateway to Europe’ status
Brexit could result in London losing its status as the financial “gateway to Europe”, according to one of Germany’s most influential banking regulators.
Twitter shares plunge as fourth quarter losses almost double
Revenue from advertising declined year-over-year to $638m, and the company warned that ad revenue growth would continue to lag audience growth during 2017.
One fifth of rail passengers buy wrong tickets from machines
Rail ticket machines cause so much confusion that one-fifth of passengers who use them buy the wrong ticket, according to the rail regulator.
Nationwide blames low interest rates as profits drop
Nationwide profits dropped during the nine months to 31 December, with the building society blaming continued low interest rates.
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