Unemployment in the UK increased by 35,000 in the three months to October to 2.5 million, the Office for National Statistics (ONS) has said. It is the first time that the jobless measure has risen for six months however 33,000 of the increase was in the public sector, raising the overall unemployment rate up to [...]

What news over the Summer for the UK;- Bank of England interest rates – no change, economic growth forecasts – no change and the football World Cup – a DISaster. The coalition government has been away on holiday so no progress on getting the country back on track, and Labour meanwhile is trying to elect [...]

With no clear majority after the UK election, in essence a “hung parliament”, the country awaits the outcome of discussions between the main political parties on how a coalition government could optimise a strategy that would some positive impact on the economy. The Bank of England also has held the UK base rate at 0.5% [...]

The Bank of England kept interest rates at a record low of 0.5% for the 12th consecutive month on Thursday, a decision widely expected as any rise in the cost of borrowing could damage the UK’s fragile economic recovery. The bank has not pumped any more money into the economy under its quantitative easing (QE) [...]

The Bank of England has left the base rate at 0.5% for the twelfth month in a row and ceased pumping money into the UK economy, (quantitative easing). It did however indicate that it could recommence this if the economic situation deteriorates. A year on and there are no real signs of the economy recovering, [...]