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Low inflation should not be feared, says George Osborne
Low inflation should not be feared, says George Osborne The sharp fall in the UK inflation rate should not be feared, Chancellor George Osborne will say in a speech later. “We should not confuse this welcome news with the threat of damaging deflation that we see in the eurozone,” he will say in a speech. […]
Unemployment, home-ownership and accommodation vouchers outside London
Unemployment, home-ownership and accommodation vouchers outside London In a much earlier post, Tim Worstall pointed to the findings of Blanchflower & Oswald (2013), which is particularly important when considering that increasing home-ownership is something that the government has been encouraging. They showed “that rises in home ownership lead to three problems: (i) lower levels of labour mobility, […]
UK trade deficit narrows after oil price falls
UK trade deficit narrows after oil price falls The falling price of oil helped to narrow the UK’s trade gap with the rest of the world in November to its lowest since June 2013, official figures show. The Office for National Statistics (ONS) said the UK’s deficit in goods and services was £1.4bn in November, compared with […]
UK’s Cameron will move EU referendum forward if possible | Reuters
UK’s Cameron will move EU referendum forward if possible | Reuters. (Reuters) – Prime Minister David Cameron said on Sunday he would like to bring forward a planned referendum on Britain’s membership of the European Union from 2017 if possible. Under pressure from Eurosceptic members of his own party and the rise in popularity of […]
UK passengers on Ebola flights traced.
UK passengers on Ebola flights traced. All the UK-based passengers and crew on two flights taken by a British nurse who contracted Ebola have now received health advice, officials say. Pauline Cafferkey was diagnosed with Ebola after returning from Sierra Leone and is receiving specialist treatment at London’s Royal Free Hospital. She flew from Casablanca […]
Mortgage approvals fall to 17-month low in November | Money | The Guardian
Mortgage approvals fall to 17-month low in November | Money | The Guardian. The number of mortgages approved for house purchases fell to a 17-month low in November, in a further sign of a housing market slowdown in the autumn. A total of 59,029 home loans were approved for purchases during the month, according to […]
Gambia leader blames dissidents for coup bid – Africa – Al Jazeera English
Gambia leader blames dissidents for coup bid – Africa – Al Jazeera English. Gambia’s president has blamed unidentified foreign dissidents and “terrorists” for an assault on his presidential palace and insists the army remains loyal. Yahya Jammeh’s remarks came two days after an apparent coup attempt by a group of soldiers while he was abroad […]
Fracking in the UK: What to Expect in 2015 | DeSmogBlog
Fracking in the UK: What to Expect in 2015 | DeSmogBlog. The current UK coalition government has overseen the greatest fossil fuel boomsince the discovery of North Sea oil, but the controversy that surrounds shale has made it an interesting factor in the run-up to this year’s general election. Here’s what to expect. More Fracking The government has shown absolutely no […]
Argentina and UK Falklands spat spiced up by Russian jets — RT News
Argentina and UK Falklands spat spiced up by Russian jets — RT News. The Falkland Islands – a UK overseas territory Argentina lays claim to – have been allegedly reviewing their defenses after news Russia may offer Argentina fighter jets. Moscow could swap them for beef and wheat, UK’s Daily Express says in its report. […]
135 retail firms in critical condition, say analysts | Business | The Guardian
135 retail firms in critical condition, say analysts | Business | The Guardian. UK retailers are facing increased financial stress this year as the big supermarkets fight a price war that has forced the rest of the high street to slash prices and squeeze profit margins. As retailers prepare for the quarterly rent day on […]
British Oil Industry On The Verge Of “Collapse”
British Oil Industry On The Verge Of “Collapse”. The United Kingdom’s oil industry is taking a beating from low oil prices, so much so that it is “close to collapse.” That comes from the head of the Association of UK Independent Oil and Gas Exploration Companies, otherwise known as Brindex. Robin Allan, the chairman of […]
“It’s A Huge Crisis” – The UK Oil Industry Is “Close To Collapse” | Zero Hedge
“It’s A Huge Crisis” – The UK Oil Industry Is “Close To Collapse” | Zero Hedge. t seems like only yesterday when back on October 11, we first explained – and previewed – the collapse of oil courtesy of the secret deal between the US and Saudi Arabia. However, it seems like only this morning when we […]
BBC News – World on course for warmest year
BBC News – World on course for warmest year. This year is in the running to be the hottest globally and for the UK since records began, early estimates show. In the first 10 months of 2014, global average air temperature was about 0.57 Celsius above the long-term average. And the first eleven months in […]
3 Of The 10 Largest Economies In The World Have Already Fallen Into Recession – Is The U.S. Next?
3 Of The 10 Largest Economies In The World Have Already Fallen Into Recession – Is The U.S. Next?. Are you waiting for the next major wave of the global economic collapse to strike? Well, you might want to start paying attention again. Three of the ten largest economies on the planet have already fallen […]
