Monthly Archives:

  • By Simon Morris On Friday, February 28 th, 2014 · no Comments · In ,

    The British Bankers Association announced this week that the national rate of mortgage approvals has peaked at its highest level since September 2007, just before the housing market crash. What could this indicate concerning the sustained recovery of the UK economy? Specifically, according to the association, the first month of 2014 saw the rate of house purchase approvals rise by a staggering 57% when contrasted with the same month of 2013. However officials also noted that levels house...

  • By Simon Morris On Friday, February 21 st, 2014 · no Comments · In

    Reports have been released this week suggesting that the UK retail renaissance is aiding companies across the nation to greater profitability. What does this this say about the economic phenomenon and where could it go from here? The UK retail renaissance is a phenomenon that experts have said has aided in the countries sustained economic recovery. It has seen shop vacancy rates fall to their lowest numbers since 2010, the height of the great recession. Now shop vacancy rates stand at 13.9%...

  • By Simon Morris On Thursday, February 20 th, 2014 · no Comments · In

    Data released this week suggests that the momentum of UK employment growth is quite likely to slow down over the course of 2014. This is highly likely to have a significant effect on UK economic output throughout the course of the year. The Chartered Institute of Personnel and Development’s (CIPD) quarterly labour market outlook included a survey of 1,000 top employers across the length and breadth of the British Isles. It revealed that many of them believe that the rapid expansion rate of UK...

  • By Simon Morris On Friday, February 14 th, 2014 · no Comments · In

    The row over Scottish Independence has come to center on its economic future this month as the idea of the pound as a shared currency and the proportion of UK debt an independent Scotland would assume have become key issues. Speculation over whether Scotland would be able to share the pound with the rest of the UK has been rife within the finance industry since the question of Scottish independence was first forwarded to a referendum. Those in favour of a shared currency argue amongst other...

  • By Simon Morris On Friday, February 14 th, 2014 · no Comments · In , ,

    Governor of the Bank of England Mark Carney has announced this week that UK interest rates are unlikely to be raised any time before next year’s national election. Furthermore Carney announced key changes to Bank of England policy linking interest rates to unemployment levels. Carney’s revelation comes on the back of data suggesting bullish forecasts for UK economic growth. As such the Governor announced that the previous forward guidance policy tying interest rates to unemployment rates...

  • By Simon Morris On Thursday, February 13 th, 2014 · no Comments · In ,

    Simon Morris – Data released by the government this month suggests that the rate of UK insolvency has continued to decline as the number of individuals and companies declaring bankruptcy again sees a steady decrease. Official data states that 2013 saw one in 166 companies throughout England and Wales declare bankruptcy, falling from one in 144 in 2012. Accountancy firms across the industry have suggested that several factors, including low interest rates and increased patience shown by...

  • By Simon Morris On Thursday, February 13 th, 2014 · no Comments · In ,

    Experts in the finance industry have provided evidence that suggests that commercial and industrial (C&I) loans, whilst contributing to the growth of loan books, are lowering the profit margins of US banks. The US economy has experienced sluggish growth over the course of the economic recovery however C&I loans are a key exception. The rate of loans provided to businesses by US banks has been growing. However competition for said loans has seen steady growth as well. This increased rate...