Browsing All Posts filed under »Business«

Average household spend down £9 per week

February 25, 2012

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written by Robert Pollard for New Statesman  Asda income tracker shows a further decline in spending power. The average UK household has £9 per week less spending power in January 2012 than they did 12 months previously, according to the latest Asda Income Tracker. On average, households had £147 a week of discretionary income in […]

RBS announces its fourth consecutive annual loss

February 23, 2012

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written by Robert Pollard for New Statesman Bank dealing with “the largest balance sheet risk time bomb ever assembled in history”. RBS has announced a loss of £2bn for 2011, nearly double the £1.1bn loss the bank made in the previous year. It is the fourth annual loss the bank has posted since its government […]

1 in 3 directors think risk of recession is “high or very high”

February 23, 2012

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written by Robert Pollard for New Statesman New data released by IoD reveals many of Britain’s top bosses fear double-dip. A third of Britain’s top businesses fear there is a “high or very high” risk of a double-dip recession this year, according to data published this morning. The Institute of Directors (IoD) have released results […]

Murdoch launches new Sun on Sunday title

February 20, 2012

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written by Robert Pollard for New Statesman News International claims “this is our moment”. News International (NI) confirmed last night that the Sun on Sunday will be launched next weekend. The new title will replace the News of the World, the newspaper closed down last July following revelations of phone hacking malpractice. NI chief executive […]

Strong UK high street sales surprise analysts

February 20, 2012

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written by Robert Pollard for New Statesman ONS data shows retail sales have increased at fastest rate since April 2011. High street sales rose in January, up 0.9 per cent compared to December 2011, according to figures released by the Office of National Statistics this morning. The monthly numbers, which caught analysts by surprise, also […]

Nationwide survey shows January uplift in consumer confidence

February 20, 2012

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written by Robert Pollard for New Statesman “May prove to be little more than a temporary bounce.” UK consumer confidence is at its highest level for five months, according to data released on Thursday. The survey conducted by Nationwide and covering 1,000 people, shows that the consumer confidence index is up nine points to 47 […]

Unemployment hits 2.67 million

February 16, 2012

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written by Robert Pollard for New Statesman Worst unemployment figures since 1995 as squeeze on pay continues. Unemployment in the UK has risen by a further 48,000 in the three months leading up to December, with official figures now showing that 2.67 million people are unemployed in Britain. This represents 8.4 per cent of the […]