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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

(February 2013) The UK economy is set for a recovery according to the Bank of England. However, output is still below its level five years ago, and as there has not been a 'normal' recession, neither will there be a normal recovery. The economy faces big challenges stemming from an abrupt and substantial reassessment of future economic prospects triggered by the financial crisis.
(January 2013) The UK has experienced the fastest rise in youth unemployment of any country in the G-8 (Group of Eight) since the start of the recession and now has the third worst levels in the OECD.
(January 2013) Official data issued on Wednesday showed the number of people in work in the UK rose to almost 30m between September and November, up by more than half am on a year earlier and the highest figure since records began in 1971. At the same time, unemployment fell for the 10th consecutive quarter to just under 2.5m, while the number of people claiming jobseeker’s allowance also declined. However, the squeeze on pay packets continued the 'jobs without growth' economy.
(January 2013) UK banks and other finance firms are forecast to lose another 18,000 jobs in the first quarter of 2013 after cutting 25,000 in the last quarter. Total job losses in the sector since the fourth quarter of 2008, when the global financial crisis began will total 132,000. Employment in the sector peaked at 1.1m in the third quarter of 2008. Finance jobs in City of London down more than a quarter since 2007.
(January 2013) It is claimed that more than 95% of technologies developed in universities never make it to market, leaving publicly or philanthropy-funded research uncommercialised. Often, given that academic research can be so ahead of its time, the commercial relevance of these technologies isn't immediately obvious. Crowdsourcing ideas for real-world applications from the global science and technology community is seen as one route to increasing the chances of commercialisation, with the ultimate goal to create new products and new companies that will drive job creation around these innovative discoveries. However, while crowdsourcing may help, a lack of ideas is far from the only reason why a university patent might never get licensed or make it to the market.
(December 2012) Simon Hoggart remarks in today's Guardian: "'Potemkin village' is political jargon for dressing something up to look much better than it is. On the wasteland of the British economy, Osborne has created the world's first Potemkin desert. A few green shoots of recovery are scattered forlornly across the wind-blasted sands...He got off on to the wrong foot by declaring at the very beginning, 'it's taking time, but the British economy is healing!" He was commenting on Wednesday's Autumn Statement in the House of Commons when George Osborne, chancellor of the exchequer, announced deep cuts in welfare and Whitehall spending after admitting Britain's malfunctioning economy had left him unable to meet the government's targets for repairing the public finances.
(December 2012) The announcement at the weekend by Starbucks, the US coffee shop chain, that it is in discussions with the UK tax authorities about its tax situation, having paid just £8.6m in corporate taxes since 1998, despite sales of over £3bn, is a very significant event. In the face of a public campaign by UK Uncut, an anti-tax avoidance activist group, it is responding to public outrage about aggressive tax avoidance by US multinationals at a time of austerity. Google is under investigation in several European countries for diverting all sales revenues to its Irish subsidiary while Amazon's Amazon.co.uk, Britain's biggest online retailer, generated sales of more than £3.3bn in the country last year but paid no corporation tax on any of the profits from that income -- and is under investigation by the UK tax authorities. Luxembourg is technically Amazon's operation centre for the UK. Apple hasn't received much attention in recent times as regards taxes paid in Europe but that is just a matter of time.
(December 2012) The UK economy will grow less than expected in 2013, forcing George Osborne, chancellor of the exchequer, to miss one of his fiscal targets, according to an analysis published on Sunday.
(November 2012) The number of underemployed workers in the UK i.e. those who want to work more hours, has risen by an estimated 1m (or 47.3%) since the start of the economic downturn in 2008 to stand at 3.05m in 2012. Nearly two thirds of the 1m increase took place in the 12 months between 2008 and 2009, when the economy was in recession. From 2000 to just before the 2008/09 recession the number of people underemployed was relatively steady and since 2009 the number has been rising, although at a much slower rate than during the recession. Almost two-thirds of the underemployed were part-timers.
(November 2012) A study into the psychology and risk behaviours amongst British entrepreneurs has found that they demonstrate a far more prudent and risk-averse attitude than the general public.