More British Firms Face Financial Trouble

The number of British businesses with financial problems is on the increase, according to a report by. insolvency practitioners Begbie Traynor.

They have revealed that 147,836 firms got into trouble in the final three months of 2010, a 4 percent …

Retirement Age to be Axed

New legislation will be passed to prevent employers from being able to force staff to retire at the age of 65.

The move, which will commence in October, was declared as being “great news” for older people, the economy and …

Change to Pensions Rule Could Hit up to 4 million

As many as 4 million people could be affected by government plans to allow private sector final salary schemes to increase pension payments in line with consumer prices index (CPI), rather than the more generous retail prices index (RPI).

Pensions …

Inflation Slows But Price Increases Loom

For the first time in five months, retail inflation slowed down but sharp prices hikes are expected after the new year.

Shop price inflation fell from 2.2 percent in October to 2 percent in November, with stores starting Christmas promotions …

Wealthy Migrants Welcomed to UK

Wealthy foreigners are being encouraged to migrate to the UK in an effort to make Britain a desirable destination for rich migrants.

After a move to restrict the number of non EU workers coming to live in the UK, home …

Record Number of Self Employed Helps Keep Unemployment Down

An increase in the number of self employed people has contributed to an unexpected fall in UK unemployment last month, giving hopes that the labour market may be in a healthier condition than feared.

The number of people in part …

Petrol Prices Push Inflation Up

Inflation has been pushed up to a four month high due to higher petrol prices.

The Office for National Statistics reported this morning that inflation rose to an annual rate of 3.2 percent on October. Most economists had predicted the …

Fears over the prospect of unemployment have dented consumer confidence, a new survey has revealed.

The British Retail Consortium (BRC) runs quarterly surveys in consumer confidence, with the latest results showing that 28 percent of people interviewed thought that job …

Pension Schemes to Become Compulsory

All UK businesses will have to offer company pension schemes by the year 2016, the government has agreed. They can either offer their own company scheme or enrol staff into the National Employment Savings Trust (Nest).

This will result in …

UK Economy Recovers Faster Than Expected

The British economy has been given a boost with the news that the there has been twice as fast growth in the third quarter as expected.

Economists had been widely predicting growth of 0.4 percent as the opposed to the …