uk economy

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  • Real wage cuts do not stimulate employment


    Authority Authority:
    In last week’s blog – Massive real wage cuts will not improve growth prospects – I considered the mounting evidence that austerity is leading to massive cuts in real wages for workers in Britain without commensurate gains in employment being evident. I have been doing some detailed work on the movements in ...
    1 day ago
  • Will UK data releases support sterling this week? | Smart Daily Currency Note


    US Dollar Exchange Rate and Comments Authority Authority: 110
    GBP/USD – 1.5693 UK economic data last week was limited and the main influence on global currency markets was the on-going discussion on whether or not the US would continue their programme of quantitative easing. A bit more light should be shed on this as we have the Federal Reserve meeting mid-week followed by ...
    2 days ago
  • US dollar under pressure | Smart Daily Currency Note


    US Dollar Exchange Rate and Comments Authority Authority: 110
    (Last week)     This week (GBP/USD – 1.5583)     GBP/USD – 1.5689 On the whole an okay week for sterling. It held its own against the euro, lost a little bit of ground against the commodity backed currencies; albeit midweek it had made significant gains, and gained throughout the week against the US ...
    5 days ago
  • UK employment data boosts sterling | Smart Daily Currency Note


    US Dollar Exchange Rate and Comments Authority Authority: 110
    GBP/USD – 1.5666 A day of two halves for sterling yesterday, gaining nearly half a cent in the first two hours of trading as employment figures exceeded expectations. Markets reacted positively to the news, driving sterling briefly through the 1.18 mark against the euro. The momentum remained with sterling through ...
    6 days ago
  • UK: Wages outpaced by cost of living


    Authority Authority:
    Even though there was some good news for the economy today with an increase in the amount of employment growth and a marginal decline in unemployment that suggests that the downturn at the beginning of 2013 may have just been a blip, there is increasing evidence that people who are currently in work are accepting… ...
    6 days ago
  • Unit 1 Micro: Occupational Mobility from Mines to ..... Mines


    Authority Authority:
    Miners made redundant from Maltby Colliery in Yorkshire many of whom with decades of experience faced years on the unemployment register when the mine closed earlier in 2013. But some have been thrown a lifeline with the rising demand for miners in the UK potash industry. This BBC news report follows the miners ...
    6 days ago
  • Paul Ormerod: Ignore Krugman: We’re not caught in another depression


    Authority Authority:
    SPOTTING and identifying new species is always exciting. And the last couple of years has seen the emergence of a new type of economic commentator, the recovery denier. Paul Krugman, the Nobel prize-winning economist, wrote a piece at the end of last year in which he compared the current situation to that of the ...
    6 days ago
  • Paul Ormerod: The Rapid Rise of the Food Bank


    Authority Authority:
    FOOD banks are a rapidly growing phenomenon in the UK. A few years ago, they barely existed, but an estimated half a million people now make use of them every week. On the face of it, it seems that poverty has sadly become endemic since the financial crisis, with many families unable even to feed themselves. Real ...
    6 days ago
  • Paul Ormerod: Trouble at the Co-op Bank


    Authority Authority:
    IT’S not all fun and games at the Co-op Bank. Just over a month ago, the bank was serious about acquiring 632 branches from Lloyds. Now its debt has been downgraded six notches to junk status, and veteran HSBC banker Niall Booker has been brought in as replacement chief executive after Barry Tootell resigned. ...
    6 days ago
  • Unit 2 Macro: London Gateway Super Port Prepares to Open


    Authority Authority:
    The scale of the new London Gateway Super deepwater Port is truly stunning and its importance to the economy as a trading nation is hard to underestimate - Britain will have a new world class hub port in a key location impacting on many trades and services in and around the South East and beyond. It has taken 10 ...
    6 days ago
  • Sterling steady despite poor UK manufacturing data | Smart Daily Currency Note


    US Dollar Exchange Rate and Comments Authority Authority: 110
    GBP/USD – 1.5664 A fairly steady day for sterling yesterday in spite of disappointing manufacturing figures in the morning which showed contraction of 0.2% after two months of growth. Ground lost to the euro was regained in the afternoon with sterling finishing the day very close to the point it started against ...
    1 week ago
  • Massive real wage cuts will not improve growth prospects


    Authority Authority:
    There was a column in today’s Australian Financial Review “When the money-go-round slows, everyone suffers” which bemoaned the fact that all the investment bankers, lawyers and accountants that have been making heaps off the massive growth in the financial services sector are now doing it tough. We read that ...
    1 week ago
  • Sterling steady before UK manufacturing data | Smart Daily Currency Note


    US Dollar Exchange Rate and Comments Authority Authority: 110
    GBP/USD – 1.558 Having enjoyed a successful last few days, sterling traded slightly higher against the US dollar and slightly lower against the euro in what was a quiet start to the week for currency markets. There have been increasing signs that the British economy is recovering – not least due to rising house ...
    1 week ago
  • Monthly Economic Overview – June 2013


    Authority Authority:
    Here is an Impeccable/Flawless Global Economic Overview for the month of May 2013 .via. Markit Research. Click on the Full-Screen icon at the bottom right hand corner. Economic Overview – June 2013 by wallstreetfool
    1 week ago
  • Will sterling maintain its positive outlook? | Smart Daily Currency Note


    US Dollar Exchange Rate and Comments Authority Authority: 110
    GBP/USD – 1.5519 Sterling, having enjoyed a strong period last week following the release of positive figures across the manufacturing, construction and service sectors, weakened against the US dollar on Friday. Growing employment data from the United States forced the UK currency to retrace some of its gains from ...
    1 week ago
  • Unit 3 Micro: Debt Rises at Network Rail


    Authority Authority:
    Network Rail is a state owned business whose debts are backed up by government. Network Rail owns and operates the UKs railway infrastructure. Their stated objective is "Building a safer, smarter, bigger, greener network – every day." It is achieving rising revenues but remains heavily reliant on state subsidy - ...
    1 week ago
  • UK: Austerity might last until 2020


    Authority Authority:
    Worrying news for anyone in the UK as two influential think tanks believe that austerity will be still be a big issue, not just for the elections in 2015, but all the way through until 2020. The Chancellor originally said he would be able to balance the budget within four years, but that figure has… Read the full ...
    1 week ago
  • Babacan to Attend Bilderberg 2013 Meetings


    Authority Authority:
    (Pictured) Babacan at the 2012 World Economic Forum annual meeting in Davos  Mavi Boncuk | Britain will host Bilderberg Meetings[1], an annual conference gathering political leaders and experts from industry, finance, academia and the media, in June 2013. Turkish Deputy Prime Minister Ali Babacan [2]will ...
    1 week ago
  • Sterling has a good week | Smart Daily Currency Note


    US Dollar Exchange Rate and Comments Authority Authority: 110
    (Last week)     This week (GBP/USD – 1.5216)     GBP/USD – 1.5583 Sterling has sailed upwards against most of its major counterparts this past week as Purchasing Managers Index figures exceeded expectations with the construction, manufacturing and now service sectors all expanding at better rates than ...
    1 week ago
  • Bull and bear: Are bonds set to crash?


    Authority Authority:
    Bull and Bear – an optimistic and pessimistic view of investment news. Today’s stories include: Are bonds set to crash? UK enjoys hat-trick of good news. US sees relief. Eurozone’s weakness not quite as weak. Global economy, manufacturing contraction expansion, surveys say 50/50 Are bonds set to crash? In ...
    1 week ago

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