Archive for the ‘UK Business News’ category

Britain Will Pay For Many Decades Unless Our Youth Unemployment Problem Is Solved, Warns Employer

“There are over one million young unemployed in this country and they are becoming totally demoralised by the job market. They have to be given confidence in the training and apprenticeships we can offer them. Otherwise, we will be dealing the financial ramifications of our failure for decades to come,” said Will Davies – a […]

Grandparents are the lynchpin for working parents

Grandparents are the lynchpins of most families these days, with a lot of working parents depending on them for childcare and support. But a survey by Gocompare.com has found that whilst just over half (53%) love the closeness that looking after their grandchildren gives them, 19% said that they sometimes feel taken for granted by […]

Lending Data For 10,000 Postcodes To Be Published

Yesterday (24 July 2013) the government announced that the UK’s biggest lenders are to reveal how much they lend at a local level. Speaking at AV Dawson, a family haulage business in the North East, which has recently received over one million pounds of funding from the government’s Regional Growth Fund, Chief Secretary to the […]

Royal Baby Adds Princely Sum to UK Economy

Brand Finance has released an update of its much publicised valuation of the Monarchy to coincide with the birth of the latest member of the Royal Family. The leading brand and intangible asset valuation agency predicts that William and Kate’s son will boost Britain’s economy by £521m (US$800m) over the long term. A combination of; […]

easyJet Predicts Biggest Summer Holiday Exodus Yet With Nine Million Due To Fly Out Of UK On The Airline This Summer

easyJet, the UK’s largest airline, will see almost nine million flying out of the UK this summer (between mid July and the end of September) with five and a half million of them travelling over the school summer holidays. The most popular routes this summer are dominated by Spain (four out of the top five […]

Research reveals potentially life-changing legacy from London Olympics

The feel-good factor around the 2012 Olympics has helped millions of Brits take a step towards a healthier lifestyle, according to new research from comparison site Gocompare.com. The study of over 2,000 adults reveals that, a year on from the London games, 23% of Brits believe their lifestyle has changed for the better – with […]

Trust In Comparison Sites Low

A new Which? investigation has revealed why it’s important to treat results from price comparison sites with care and how customer satisfaction in the sector compares poorly to other industries. The results from their latest investigation has found that customer satisfaction for price comparison websites is low when compared to other personal finance sectors rated […]

Tomato Firm Ripe For Salad

Cheshire-based APS Salads – one of the UK’s largest suppliers of tomatoes – has completed a £3.67m expansion into the south of England after receiving a major funding package from Yorkshire Bank, sister bank to Clydesdale Bank. The purpose-built development at Europa Nursery in Ash, Kent, comprises a 57,000 sq m state-of-the-art production facility, almost […]

Nationwide announces fourth mortgage rate cut in January

With effect from Wednesday 30 January, Nationwide Building Society is cutting its tracker rates by up to 0.50 percentage points and selected fixed rates by up to 0.30 percentage points. It means the Society will offer a three-year fixed rate for new borrowers with a 40% deposit at 2.59 per cent, with rates for new […]

Tentative Signs That Funding For Lending Scheme Is Easing Credit Conditions

The latest Bank of England data, released this morning, showed that the number of loans approved for home purchases increased slightly in December. Lenders approved 55,785 new mortgages over the month, with a total value of £8.0 billion. Both mark a year-on-year improvement, with the number of mortgages approved 6.1% higher than a year earlier, […]