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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 2012) The UK economy shrank by 0.2% in the last three months of 2011, official figures showed last month. The contraction in GDP (gross domestic product - - the value of all goods and services produced) marked a sharp slowdown on the 0.6% rise in the previous three months of 2011. Now a mild recession is forecast in 2012. The UK economy is currently experiencing weak demand because of the government's fiscal consolidation policy which targets £107bn of spending cuts and tax rises by 2015 in order to eliminate the annual budget deficit. On a positive note, in January 2012, 10-year benchmark sovereign gilt yields fell to the lowest benchmark yield since 1703 when the Bank of England began recording the data.
(January 2012) Millions of ordinary families are unlikely to see their earnings return to pre-recession levels until at least 2020, a report from a leading think-tank warned on Monday. But it predicts that the income of the wealthy will continue to rise over the same period. Unemployment in the UK is likely to rise over the next couple of years as unproductive sectors of the economy shed jobs, Bank of England policy-maker Adam Posen said Monday.
(January 2012) According to the report, the UK’s recovery is still heavily dependent on exports. Exports accounted for most of last year’s growth, adding 0.9 percentage points to GDP in 2011, but with weakening demand from the Eurozone and concerns over China’s ability to soft land their economy, the outlook for 2012 looks much less promising. he labour market outlook also remains bleak. According to the report, sluggish levels of private sector recruitment will be unable to offset job losses in the public sector.
(January 2012) An economics study published Tuesday challenges the long-held assumption that high levels of immigration to the UK trigger unemployment. Meanwhile on Monday a report said between the first quarter of 2004 and the third quarter of 2011, UK employment of workers born in the so called A8 Eastern European countries that joined the EU in 2004, increased by over 600,000. Over the same period the number of unemployed young people in the UK almost doubled, from 575,000 to just over a million. The Institute for Public Policy Research dismissed the latter report a "just conjecture, disingenuously presented as research."
(January 2012) The UK Centre for Economics and Business Research, a private economics consultancy say that in its new world economic league table that Brazil's GDP (gross domestic product) overtook the UK's in 2011; Russia to reach No 4 by 2020, India will to be No 5 by 2020. European countries including the UK drop back but UK overtakes France in 2016. The Brazilian economy becomes the world’s 6th largest economy. In its top 10 predictions for 2012, the CEBR says: "It now looks as though 2012 will be the year when the euro starts to break up. It is not a done deal yet - - we are only forecasting a 60% probability - - but our forecast is that by the end of the year at least one country (and probably more) will leave. We have revised up our forecast of the probability of an eventual breakup within the next decade from an 80% chance to a 99% chance." Meanwhile it 's claimed that 'criminal' Olympic officials staying at the Dorchester will make London’s traffic lanes hell.
(December 2011) The UK will lose five years of growth and output will not return to 2008 levels until 2013, the National Institute for Economic and Social Research (NIESR) said this month. Economic growth in the UK "remains subdued" it said.
(November 2011) The UK's expected economic growth in 2012 was cut sharply on Tuesday and only luck will save the economy from another recession. George Osborne, chancellor of the exchequer, announced in his his Autumn Statement on the public finances that the current programme of austerity will be extended by 2 years to 2017. The outlook for consumer spending is bleak as real household disposable income (adjusted for inflation), looks likely to have fallen by 2.3 % this year - - the biggest annual plunge since 1945. Official forecasters do not expect earnings to outpace prices again by a significant margin until 2014. This suggests that having fallen this year, real consumer spending will be broadly flat next year before picking up thereafter as real income growth gradually recovers.
(November 2011) The UK High Pay Commission says runaway executive pay is 'corrosive' to society in a report issued today. The report says former Barclays CEO John Varley was awarded £4.4m in 2010, 169 times that of the average worker in the UK and 4,899% more than his predecessor earned in 1980, when the Barclays boss earned 13 times more than the average worker. It urged FTSE 100 directors to end the “closed shop” culture where they award themselves high pay that doesn’t match their companies’ share-price performance.. . In UK companies today, the pay gap between bosses and the average employee has grown dramatically. In the last year alone, as economic growth has slowed, executive pay in the FTSE 100 group of top publicly listed companies, rose on average by 49% compared with just 2.7% for the average employee.
(November 2011) The UK's youth unemployment (16-24) total was reported on Wednesday to have exceeded 1m and the government announced a boost to apprenticeships for young people and a review of apprenticeship standards - - both policies that were recommended by a report this week. It showed that in Austria, Denmark, Germany and Switzerland, at least 40% of school-leavers enter three-year apprenticeships leading to a recognised qualification. In England, only 6% of 16- to 18-year-olds were in apprenticeships in 2010, and apprenticeships last on average, just over one year…Comparing England with eight other countries, there are just 11 apprentices for every 1,000 employees in England, compared with 39 in Australia, 40 in Germany and 43 in Switzerland.
(November 2011) The average UK broadband connection speed drops by around a third during a weekday evening, a uSwitch survey published on Wednesday shows. Users in Evesham, Worcestershire, fared worst, according to the survey, with a massive 69% drop-off between off-peak morning and evening surfing. Internet users living in Weston-super-Mare did little better with speeds falling from an off-peak average of 9.5Mbps to 3.4Mbps in the evening - a 64% drop. Telecoms regulator Ofcom recently revealed that British households download an average of 17 gigabytes of data every month over their home broadband connections.