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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

(November 2012) The appearance of executives from Google, Starbucks and Amazon before a House of Commons committee on Monday has ramifications for Ireland. While the Irish corporate tax rate of 12.5% is not under threat, the attention in recent times in the UK and France to the low corporate tax payments or none made by giant US companies in respect of their big sales operations in European countries, is likely to intensify pressure for changes in the current system.
(November 2012) London has lost its crown as the world's financial capital and China's Hong Kong is poised to reach the No. 1 position in 2016. This year New York has overtaken London as the location for jobs in "City type financial services," excluding most accountants and lawyers, for the first time since 1998.
(November 2012) The UK economy will contract very slightly this year, but grow by just 1.1% in 2013. Meanwhile, world growth is expected to remain below trend at 3.1% in 2012 and 3.4% in 2013. The Eurozone is forecast to contract by 0.5% this year and grow only marginally next year with unemployment reaching ‘Depression-era’ rates in some periphery economies. The US is likely to grow by 2% in each year. Growth in BRIC countries - - Brazil, Russia, India and China - - will be below long-term potential next year, although ‘hard-landings’ will be avoided; the impact on advanced economies will be offset by a large gain in competitiveness. Debt to GDP (gross domestic product) ratios in the 34 mainly developed OECD (Organisation for Economic Cooperation and Development) countries will, on average, be higher in 2014 than at present.
(October 2012) Despite positive GDP figures, the UK is in a state of "non-recovery", says Jonathan Portes, director of the National Institute of Economic and Social Research. He tells the FT's economics leader writer Martin Sandbu that now is not the time to tighten fiscal policy.
(October 2012) The UK economy is "on the right track," George Osborne, chancellor of the exchequer, said on Thursday after economic figures showed a strong growth spurt of 1% in the third quarter - - boosted by the Olympics - - which marked the end of the longest double-dip recession since 1950. However, Ford Motor Company put a damper on the news when it announced that it would cut 1,400 British jobs with the closure of two manufacturing operations, and end over a century of car making in the UK. Earlier in the week, Sir Mervyn King, governor of the Bank of England, urged Britain to be “patient” in the face of a difficult global economic adjustment, which may force younger generations to “live under its shadow for a long time to come.”
(October 2012) The UK economy is forecast to return to growth in the second half of the year, saved by consumers’ spending power and a revival on the high street after exports continue to disappoint. Meanwhile, the UK government has been urged to establish a body to buy homes to help Britons reduce their debts and increase spending, according to Royal Bank of Scotland Group Plc (RBS) economist Richard Barwell. The economist said on Monday that current policies are limited in their ability to stimulate the economy as Britain is being held back by a “balance-sheet recession.” The proposal would target homeowners who are holding back spending because their mortgages are worth more than the value of their property or who don’t have much equity in their homes, he said.
(October 2012) UK financial services' business volumes and income fell unexpectedly in the three months to September, driving the first fall in profitability since June 2009. There were 9,000 jobs lost in Q3 of 2012 and this year it's expected that total jobs in the City will fall to the early 1996 level.
(September 2012) UK shale gas exploration could trigger investment of £95bn and account for a quarter of UK consumption in 20 years but according to research, it will not be cheap and will not have a significant impact on the economy, unlike the industry in the United States.
(September 2012) The capacity of the UK economy to produce goods and services has taken a hit from the economic crisis, unless the official economic data turns out to be extremely inaccurate, Paul Fisher, a Bank of England executive director, said on Tuesday. "It's clear something is going wrong," Fisher said in London. "Either the data is so far wrong, it's difficult to believe, or the supply side of the economy has shifted to a degree that's unprecedented," he said. Also on Tuesday, it was reported that UK banks cut their lending to businesses and households in August, underlining the challenge facing policy makers as they struggle to boost the supply of credit and revive a stagnant economy. Meanwhile, UK GDP (gross domestic product) is forecast to contract by 0.5% in 2012 and to recover gradually by 0.8% in 2013.
(September 2012) Following distortions caused by the Queen's Jubilee holidays in recent months, UK industrial production rose at the fastest rate in 25 years in July, according to official data and the economy grew by 0.2% in the three months to August, the National Institute of Economic and Social Research (NIESR) has estimated.