Small firms grow at fastest rate since 2008 June 16, 2015 Small and medium-sized enterprises (SMEs) are growing at their fastest rate since the economic crisis in 2008, according to a report out today. New research from the Enterprise Research Centre (ERC) shows that the private sector added over 600,000 net new jobs last year, allowing SMEs to “regain the ground lost” in 2008. The ERC said [...]
Homebuyers ready to sacrifice space for more shops and bars June 16, 2015 The number of homebuyers that are prepared to sacrifice space in favour of a short commute to work or better nightlife has jumped over the last year, according to a new survey by Santander Mortgages. According to research published by the bank today, Britons are increasingly turning into a “recreation nation”, with those citing proximity [...]
Alexis Tsipras: International Monetary Fund bears “criminal responsibility” for Greek crisis, as survey shows fund managers aren’t prepared for Brexit June 16, 2015 The International Monetary Fund (IMF) bears "criminal responsibility" for the damage caused to Greece's economy since its first bailout, the country's Prime Minister, Alexis Tsipras, said during a powerful speech today. Read more: Debate – Should Greece accept it's better off without the euro? During a televised speech from parliament in Athens, Tsipras lost his [...]
The world’s richest regions: Asia Pacific overtakes Europe June 16, 2015 Asia Pacific (excluding Japan) leapfrogged Europe to become the world's second richest region last year, in a ranking by Boston Consulting Group (BCG). The region counted $47.3 trillion in private wealth in 2014 surpassing Western Europe's $39.6 trillion, largely due to an increase in the number of new millionaires in India and China. This meant [...]
Greece wants to delay its payments to the IMF by six months June 16, 2015 Greece wants to delay paying the €1.55bn (£1.1bn) it owes the IMF by six months, according to a report in the German newspaper Bild. This wouldn't be the first time Greece has looked to put off paying creditors – it had originally said it would bundle its debts to the IMF rather than pay in [...]
London house prices: Growth in the capital slows to lowest rate since 2012 June 16, 2015 UK house price growth slowed to 5.5 per cent in the year to May, according to data published today by the Office for National Statistics (ONS). London’s market was particularly subdued, falling to 4.3 per cent – the capital's lowest figure since October 2012. Read more: Average property price in Kensington and Chelsea rises by £486,000 [...]
Cambridge University establishes Lego-funded “professorship of play” June 16, 2015 Everything is awesome – particularly if you have academic leanings but secretly want to play with kids’ toys all day. Cambridge University, the UK’s top educational establishment, is creating a “professorship of play” – which will be funded by toy giant Lego. The new role – professor of play in education, development and [...]
UK inflation: 33 charts showing how UK inflation rate compares to every inflation rate in every EU country June 16, 2015 The UK exited deflation in May, according to the ONS. In April consumer prices went on a brief foray into negative territory, but returned to meagre growth of 0.1 per cent for the year to May. Read more: The UK shrugs off deflation The Eurozone is beginning to get to grips with its own disinflation [...]
UK shrugs off deflation as prices rise 0.1 per cent in May June 16, 2015 Inflation rose by 0.1 per cent in the year to May according the Office for National Statistics, up from -0.1 per cent a month earlier, and ending a brief spell of deflation. "The largest upward contribution to the change came from transport services, notably air fares with the timing of Easter in April a likely [...]
Markets on red alert as Greeks dig in heels June 15, 2015 Greek Prime Minister Alexis Tsipras insists his government will stand its ground against proposals demanded by creditors, as markets across Europe slide further into the red. City analysts now see a default and Greek exit from the Eurozone as an increasingly likely outcome. “We will patiently wait for the institutions [to] adhere to realism,” Tsipras [...]
