Pensioners risk running out of cash due to pension reforms, warns Age UK
A considerable number of pensioners could run out of cash by the age of 75. This would be the result of new pension reforms,...
UK total production fell 0.1% between October and November
Total production in November in the United Kingdom declined by 0.1% compared to October, the Office for National Statistics informed on Friday.
All three main...
UK trade deficit narrows in November thanks to cheaper oil
The UK trade deficit shrank in November thanks to cheaper oil prices. The Office for National Statistics informed on Friday that the country’s deficit...
Bank of England votes to keep interest rates at 0.5%
In its first meeting of 2015, the Monetary Policy Committee of the Bank of England voted to leave interest rates unchanged at 0.5%, following...
Foreign students can stay in UK after graduation, Osborne blocks May’s plans
Theresa May, UK’s Home Secretary, had wanted non-EU foreigners who had recently graduated from British universities to leave the country immediately and apply for visas and...
Cheap oil offers Canada more benefits than harms
While a prolonged period of cheap oil may harm many sectors of the Canadian economy, the Royal Bank of Canada (RBC) believes a weaker...
Canadian exporters hit by ruble slide and Russian retaliatory sanctions
Several Canadian exporters who saw business decline as a result of the ruble’s crash and retaliatory sanctions by Russia against the West hope 2015...
Mortgage approvals fall to 1.5-year low while consumer credit rises to 7-year high, UK
The total number of mortgage approvals in the UK in November for home buyers declined to a nearly 18-month low, while consumer credit jumped...
UK manufacturing growth weakens to 18-month low
UK manufacturing growth in December weakened to a one-and-a-half year low. New orders were sluggish while price pressures also remained subdued, according to a...
Bank branch closures reach 470 in 2014, triggering a call from Vince Cable
With the number of bank branch closures reaching 470 last year, more than double the number in 2013, UK Business Secretary has summoned the...