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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 2011) The UK economy continued to grow in the 3 months ending October despite gathering headwinds. However, the UK is facing the slowest recovery since the end of the First World War in 1918… Recent poor performance has been driven by weak domestic demand, rather than developments in the Eurozone, but going forward these too will reduce economic growth. What growth there is will come from net trade. The economy will return to more robust growth in 2013. Changes in domestic demand and the big fall in the value of sterling are beginning to fuel a gradual improvement in the UK's trade performance.
(November 2011) UK FTSE 100 directors - - on the boards of the top 100 publicly listed companies - - have seen their total earnings increase by an average of 49% in the last financial year, and are now averaging £2,697,664 per annum according to the latest research by Incomes Data Services (IDS). IDS say that this increase was even higher than the 43% rise in total earnings for CEOs, which suggests that executive largesse is evenly spread across the board. Separate research shows that a 10% increase in firm value is associated with an increase of 3% in CEO pay but only 0.2% in average workers’ pay.
(November 2011) The issues of globalization, employment, unemployment and the distribution of gains from the development, production and distribution of the Apple iPod was first reported on by Finfacts in 2007. In more recent times, research shows that China earns just $6.50 from the manufacturing cost of an iPhone…The model of production in Asia and innovation done elsewhere will not always apply… Applied Materials, one of the world's biggest supplier of machines that make solar panels and computer chips, whose headquarters is in Santa Clara, in Silicon Valley, along with Intel's, has transferred its chief technology officer to China. Applied Materials has opened a research facility in Xi’an - - a city about 600 miles southwest of Beijing, known for the discovery nearby of 2,200-year-old terra cotta warriors - - which has 47 universities and other institutions of higher learning, churning out engineers with master’s degrees who can be hired for $730 a month.
(October 2011) China’s once unrivalled stance as the most popular destination for US foreign direct investment (FDI) is overthrown by the UK, as companies such as Amazon.com make big expansions into the country.. . About 21,000 jobs were created last year in the UK via new FDI projects. While this was the highest level of employment generation in Europe in 2010, it only represents one quarter of the levels achieved 13 years ago in 1997. FDI is not a panacea for areas struggling for employment growth, as projects no longer come with a guarantee of larger job numbers, as the average number of jobs per project is decreasing - - a trend that is growing across Europe including Ireland.
(October 2011) UK Banking Reform: Within days of a major report on reforming banking in the aftermath of the crash, UBS incurred a loss of $2bn from unauthorised trades by a member of the investment bank staff in London. However, that's small beer compared with the risks taxpayers have been exposed to. An interesting fact is that banks lend UK businesses £200bn from £6,000bn worth of assets and liabilities… The assets - - and liabilities - - of British banks exceed £6,000bn, four times the country’s income. Lending to UK businesses - - to manufacturers and retailers, construction companies and road hauliers, accountants and farmers - - accounts for about £200bn of that, about 3% of the total.
(October 2011) Globalization: The phenomenon of globalization isn't new and the remarkable recent 30 years of the expansion of trade and the integration of the world economy maybe expected to continue but past examples of globalization suggests that something that seems inevitable may well be far from it...John Maynard Keynes, the renowned British economist of the European inter-war years, was a member of the British delegation at Versailles where the post 1918 European map was drawn up by the victorious allies. His 1920 book, The Economic Consequences of the Peace, was an indictment of the vengeful peace terms and he wrote of "an extraordinary episode in the economic progress of man that age was which came to an end in August 1914! "
(October 2011) Fewer homes are being built in England than at any time since the 1920s, according to data from the Home Builders Federation (HBF), an industry body… Almost half a million people were added to the UK population last year - - the highest level since 1962 and the start of the last baby boom, according to the Office for National Statistics (ONS). A total of just 72,827 new homes were built during the first eight months of this year in the UK compared with 185,000 new housing units at the height of the last property boom in 2006 - - 93,000 new housing units were built in Ireland in that crazy year.
(October 2011) Ireland’s 4.6m people accounted for three times as many exports from the UK as China in 2009 and more than the combined exports to the BRIC countries of Brazil, Russia, India and China, The Financial Times said in Nov 2010 -- the month when Ireland was provided with an international bailout…Tthe UK has become more reliant on exports to other developed economies, for example the US and Japan, such that developed economies now account for 75% of UK exports. One group of countries that UK exporters have largely struggled to penetrate to date is the BRICs. Despite some progress in recent years, just 5% of UK exports go to the BRIC economies, which compares unfavourably with BRIC shares of 10.6% for Germany and 11.1% for the US.
(October 2011) The August announcement of the planned acquisition of Autonomy, the UK's leading software company, by Hewlett-Packard (HP), the US technology giant, has focused attention on the state of UK startups and the high tech sector… "The bottom line is that we produce these great graduates but we produce relatively few large tech companies," he said. "There is a whole series of reasons for that - - there is a problem with seed funding; the angel community does a great job but it's very limited in the UK.”
(October 2011) The UK government’s deficit reduction programme has resulted in a fall in UK living standards of 3.5% in 2010-11 and will result in one of the slowest periods for household income growth since the second world war in the decade to 2013-14, according to new research (pdf) from the Institute for Fiscal Studies… In the most recent financial year (2010-11), earnings, state benefits and tax credits all fell in real terms in the UK. As part of this study, IFS researchers estimate that this is likely to have led to a fall in median net household income of 3.5%, the largest single-year drop since 1981, returning it to its 2003–04 level.