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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

(April 2012) Shale gas fracking operations should be allowed to resume in the UK provided “robust” measures are adopted to safeguard against future risks, an independent report commissioned by the Department of Energy and Climate Change (DECC) and published on Tuesday, recommends. In April and May 2011 two minor earthquakes with magnitudes 2.3 and 1.5 were felt in the Blackpool area of northwest England. These earthquakes were suspected to be linked to hydraulic fracturing, commonly known as 'fracking' at test operations run by Cuadrilla Resources Ltd.
(April 2012) UK GDP (gross domestic product) is estimated to have grown by 0.1% in the three months ending in March after no growth in the three months ending in February 2012. These data suggest the UK economy has avoided a ‘technical’ recession (two consecutive quarters of decline). The economic weakness is expected to be temporary, with the recovery taking hold in 2013.
(April 2012) The UK economy will likely avoid a technical recession through a contraction in the first quarter of 2012 according a report published today. On Monday, it was reported that the UK manufacturing purchasing managers’ index (PMI) compiled by Markit rose to a 10 month high of 52.1 in March. Readings above 50 indicate economic expansion.
(March 2012) In early 2010, David Willets MP, who became the UK Minister for Universities and Science in May of that year, said that in 1974 the average 50-59 year old male earned 4% more than a 25-29 year old. In 2008 it was 35% more; during the recession employment of over 50s reached a record high and of under 25s a record low. He said the huge wealth accumulation of the post-World War II baby boomer generation resulted from globalisation, which had drawn large numbers of workers in the developing world into the global economy, while helping to keep prices down and to improve returns on capital. However, this has had the negative impact of depressing wages for younger workers, who would find it hard to save to invest or buy homes. Recent research by the Financial Times shows that for the first time in half a century, young Britons starting work cannot expect to be better off than their parents, and that living standards of people in their 60s have overtaken those of 20-somethings for the first time.
(March 2012) Monthly estimates of UK GDP (gross domestic product) suggest that output grew by 0.1% in the three months ending in February 2012 after a contraction of 0.2% in the three months ending in January 2012.
(February 2012) UK oil and gas activity in the North Sea last year was at the lowest since the 1960s and had a depressing impact on GDP (gross domestic product). Meanwhile, Norwegian production of oil and gas has been falling since 2004, mainly because of lower output of crude oil.
(February 2012) UK manufacturers have reported an encouraging improvement in total and export order books in February, following a much weaker period over late 2011, the CBI said today. As a result, firms expect solid output growth over the coming three months, according to the CBI’s most recent monthly Industrial Trends Survey.
(February 2012) About 80% of the UK's wage growth in the last 20 years has been in the finance sector and since 2003, long before the 2008-09 recession, wages have been flat for Britain’s 11m low to middle earners. The group’s share of national earnings has seen a long-term decline, and the tax-benefit system is doing more to raise household incomes. Other trends, from the rising costs of home ownership to changing working patterns, add to a set of pressures that are fundamentally changing the reality of life on low to middle income, according to the UK Commission on Living Standards, which is hosted by the Resolution Foundation, a think-tank that works to improve the lives of low to middle earners. The median wage of the American male has declined by almost $13,000 after accounting for inflation in the four decades since 1969. This is a reduction of 28% and US trends are increasingly evident in the UK.
(February 2012) Only a third of the British private sector workforce has a company pension and even before ageing hits the country as it has already in Japan and Germany, thousands of people are already working into their 70s. One in eight women continues working until past the age of 70 according to official figures while the ratio for men is lower at one in ten. In 2010, there were 3.2 people of working age supporting each person in retirement in the UK. Without any changes to the current old age pensions system, this ‘old age support ratio’ would drop to 2.0 by 2051. Even for those who do have a company pension, the average ‘pot’ would buy a pension worth just £1,400 a year.
(February 2012) On Tuesday UK consumer price inflation was reported to have fallen sharply in January as the impact of last year's hike in the VAT rate dropped from the figures. The Consumer Prices Index (CPI) fell to a 3.6% annual rate, down from 4.2% in December, according to the Office for National Statistics. The Retail Prices Index (RPI) inflation - - including mortgage interest payments - - fell to 3.9% from 4.8%. The VAT rate was raised from 17.5% to 20% in January 2011, pushing up the annual inflation rates through 2011. However, in recent years as the pound fell more than 20% against a weighted basket of the currencies of trading country partners, British consumer price inflation has remained at an elevated level. For example, the price of a loaf of bread has more than doubled in London in ten years, with the cost of a bottle of wine rising by 50%. Taxes have also played a part, with petrol pump prices up by over 75% and cigarette prices by almost 60%.