RBS Bonuses, Investment Bank Destiny Undetermined

January 19, 2012

The Royal Bank of Scotland (RBS) struggled in 2011 with backlash from bad banking reputations, falling profits and declining deposits among its different branches and divisions. RBS also suffered from a credit rating drop in October of last year. Its austerity measures have stretched from job reductions to suspending the annual bonus rumoured to be [...]

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CEBR Says UK in Recession

January 16, 2012

The Centre for Economics and Business Research (CEBR) has stated that the UK has fallen into a double-dip recession and predicts bank rate interest will stay close to 0.5 percent “until 2016.” CEBR believes the extended maximum growth rate of 0.1 percent per year will require the Bank of England to keep the prime rate [...]

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Opinions Still Vary on Economic Impact of London 2012 Olympics

January 12, 2012

Divided opinion rules the outlook for Olympic impact on the British economy. Yay-sayers are expounding on the tourist income and the long-term benefits of displaying British competence, including within the construction field. Nay-sayers are pointing to an inadequate transportation system, snarled traffic, price gouging, peripheral damage to local businesses – such as delivery hardships from [...]

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Cameron Threatens United Front on Financial Transaction Tax

January 9, 2012

Prime Minister David Cameron risked the wrath of the European Union today as he clearly stated for the first time officially that he would veto the financial transaction tax if it was applied only within the European Union. He would consider it if applied globally, however. France and Germany have campaigned extensively for a financial [...]

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Hungary May Be Abandoned by the IMF and EU

January 5, 2012

Hungary faces financial failure possibility if the European Union allows the country to default on its debts. The florint, the currency used in Hungary, fell drastically to a record low against the euro, and bond yields escalated more than 10 percent. Investors feared that Hungary would be abandoned by the EU and become the first [...]

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UK Economic and Employment Forecasts for 2012

December 30, 2011

As 2011 draws to a close, eyes are looking toward 2012 and hoping for better economic and employment news. Here are some of the predictions for 2012 that fall within those arenas. Economy Inflation in the United Kingdom is expected to fall. The Consumer Price Index, the marker for inflation, peaked in September 2011 at [...]

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Britain Bows to Brazil in National Economy Ranking

December 27, 2011

The Centre for Economic and Business Research (CEBR) recently announced that Brazil overtook Britain as the world’s sixth-largest economy. The South American country has been able to maintain a relatively stable economy based on resource exports that has been virtually untouched by the global economic downturn since 2008. Much of the resource exports have been [...]

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La Senza Joins Others in Administration

December 23, 2011

The service industry and the manufacturing industry, as noted by the Office of National Statistics, aren’t the only sectors deeply affected by the recent slowing growth or dovetailing economic forecasts. The retail industry continues to struggle against tighter consumer pocketbooks and higher wholesale prices as high street retailers fall one by one into administration. La [...]

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Moody’s Confirms Britain’s AAA Credit Rating – Barely

December 20, 2011

Moody’s recently warned Great Britain that its sovereign credit rating could fall if any of a triumvirate of influences comes to pass. England has enjoyed a triple-A credit rating, but a slow-growth continuation, an escalation of the eurozone debt crisis or any failure of Chancellor George Osborne’s austerity plan to reduce the deficit could cause [...]

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