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  • strict warning: Non-static method view::load() should not be called statically in /home1/finfacts/public_html/sites/all/modules/views/views.module on line 879.
  • strict warning: Declaration of views_handler_argument::init() should be compatible with views_handler::init(&$view, $options) in /home1/finfacts/public_html/sites/all/modules/views/handlers/views_handler_argument.inc on line 745.
  • strict warning: Declaration of views_handler_filter::options_validate() should be compatible with views_handler::options_validate($form, &$form_state) in /home1/finfacts/public_html/sites/all/modules/views/handlers/views_handler_filter.inc on line 589.
  • strict warning: Declaration of views_handler_filter::options_submit() should be compatible with views_handler::options_submit($form, &$form_state) in /home1/finfacts/public_html/sites/all/modules/views/handlers/views_handler_filter.inc on line 589.
  • strict warning: Declaration of views_handler_filter_node_status::operator_form() should be compatible with views_handler_filter::operator_form(&$form, &$form_state) in /home1/finfacts/public_html/sites/all/modules/views/modules/node/views_handler_filter_node_status.inc on line 14.
  • strict warning: Declaration of date_api_filter_handler::value_validate() should be compatible with views_handler_filter::value_validate($form, &$form_state) in /home1/finfacts/public_html/sites/all/modules/date/includes/date_api_filter_handler.inc on line 578.
  • strict warning: Non-static method view::load() should not be called statically in /home1/finfacts/public_html/sites/all/modules/views/views.module on line 879.
  • strict warning: Declaration of uc_product_handler_field_price::options() should be compatible with views_object::options() in /home1/finfacts/public_html/sites/all/modules/ubercart/uc_product/views/uc_product_handler_field_price.inc on line 94.
  • strict warning: Declaration of uc_product_handler_field_weight::options() should be compatible with views_object::options() in /home1/finfacts/public_html/sites/all/modules/ubercart/uc_product/views/uc_product_handler_field_weight.inc on line 61.
  • strict warning: Declaration of views_handler_field_user::init() should be compatible with views_handler_field::init(&$view, $options) in /home1/finfacts/public_html/sites/all/modules/views/modules/user/views_handler_field_user.inc on line 48.
  • strict warning: Declaration of semanticviews_plugin_style_default::options() should be compatible with views_object::options() in /home1/finfacts/public_html/sites/all/modules/semanticviews/semanticviews_plugin_style_default.inc on line 232.
  • strict warning: Declaration of views_plugin_row::options_validate() should be compatible with views_plugin::options_validate(&$form, &$form_state) in /home1/finfacts/public_html/sites/all/modules/views/plugins/views_plugin_row.inc on line 135.
  • strict warning: Declaration of views_plugin_row::options_submit() should be compatible with views_plugin::options_submit(&$form, &$form_state) in /home1/finfacts/public_html/sites/all/modules/views/plugins/views_plugin_row.inc on line 135.
  • strict warning: Non-static method view::load() should not be called statically in /home1/finfacts/public_html/sites/all/modules/views/views.module on line 879.
  • warning: Creating default object from empty value in /home1/finfacts/public_html/sites/all/modules/views/includes/handlers.inc on line 653.
  • strict warning: Declaration of views_plugin_style_default::options() should be compatible with views_object::options() in /home1/finfacts/public_html/sites/all/modules/views/plugins/views_plugin_style_default.inc on line 25.
  • strict warning: Non-static method view::load() should not be called statically in /home1/finfacts/public_html/sites/all/modules/views/views.module on line 879.
  • strict warning: Non-static method view::load() should not be called statically in /home1/finfacts/public_html/sites/all/modules/views/views.module on line 879.
UK

UK

(October 2013) Last week it was estimated that the UK economy grew by 1.2% in the third quarter following a rise of 0.7% in the second quarter of 2013.
(July 2013) The fall in the value of sterling by 25% since 2007 on a trade-weighted basis, should have given the UK a big boost. It has been hit be the problems in its biggest market, the rest of Europe and has improved exports to the leading emerging economies, nevertheless the overall performance remains week. As policy makers seek to shift the balance of the economy to the productive sectors, they are hobbled by a big plunge in business investment, which is down 34% since 2008 in real terms. Spending on equipment is 33% lower, on vehicles 38% lower. Even spending on computers has fallen. The public sector has contributed to the imbalance. Public investment and house-building is off by 13.5% while government consumption is up 6%.
(July 2013) The journey from inflation-fighting - - the traditional and principal role of most central banks - - to money printing has been complex, controversial and not obviously successful. The path will become even harder to navigate as central banks, led by the US Federal Reserve (the Fed), look for a way out as the financial crisis eases and economies recover. This week Mark Carney's replacement of Sir Mervyn King as governor of the Bank of England (BoE) is likely to prompt refinement of the policies that the Bank has employed in its efforts to support economic recovery. Last week, revised official figures showed that the UK economy did not experience a double-dip recession at the beginning of 2012. Updating its historical data, the Office for National Statistics (ONS) said growth was flat in the first quarter of 2012, revised from an earlier estimate of a 0.1% contraction. This means the economy did not contract for two quarters in a row - the definition of a recession. However, the ONS said the recession in 2008 was deeper than previously estimated.
(June 2013) Wednesday's UK jobs figures showed that employment had risen by 432,000 in the year to April - - a 1.5% increase that is about three times faster than the rise in GDP (gross domestic product) over the same period. While annual consumer inflation is at 2.7%, earnings were 1.3% higher between February and April than a year earlier. That compared with a 0.6% rise the three months ending in March. Many of the newly-created jobs are in the service sector, many part-time, poorly paid and insecure.
(May 2013) Fears that Britain faces years more of weak growth were raised by a leading Bank of England official when he warned that adjustment to the post-crisis world was only two-thirds to three-quarters complete. Speaking in Cardiff on Friday, Paul Fisher said there had been nothing to compare with the recent sluggish performance of the economy since modern quarterly growth data was first produced in 1955. On Thursday, Britain's return to growth was confirmed with an unchanged second estimate of GDP showing the economy grew 0.3% in the first three months of the year.
(May 2013) The UK economy will continue to grow throughout this year, with GDP (gross domestic product) growth expected to pick up in 2014. But while recent economic data have been more promising, clear challenges remain both at home and abroad, the UK’s leading business group warned.
(April 2013) The UK economy will grow less than previously forecast in 2013 and further bond purchases by the Bank of England are unlikely to help.
(March 2013) The UK’s current account deficit rose to £57.7bn - - 3.7% of GDP (gross domestic product - - in 2012, according to Office for National Statistics data released on Wednesday. The deficit has not accounted for such a large share of GDP since 1989.
(March 2013) George Osborne, UK chancellor of the exchequer, this week cut the official growth forecast in half, but insisted the UK would avoid a "triple dip" recession. In his Budget 2013 speech, he said the growth forecast in 2013 from the independent Office for Budget Responsibility would be 0.6% - - half the 1.2% that was predicted four months ago in the autumn statement.
(February 2013) UK investment as a share of GDP (gross domestic product) has historically been lower than in France and Germany. This largely accounts for the country’s lower GDP per hour worked. Moreover, the make-up of UK investment is heavily skewed towards property and buildings, rather than equipment, innovation and new technologies.