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Economics rss

Thomson Airways: cabin crew job losses are possible. Picture: PA

600 jobs under threat with Thomson Airways

THOMSON Airways has raised the prospect of hundreds of job losses after it started consulting staff on redundancies.

One in six of UK’s smallest firms expects to go under this year

MORE than one in four of the Britain’s micro-businesses expects to fold in the next two years, according to research published today.

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Positive global news helps FTSE to bounce back

THE Footsie surged back through the 5,900 barrier last night after a report from an influential think tank raised hopes that the global recovery had reached a positive turning point.

Survey signals hope for troubled UK commercial property sector

SURVEYORS have detected glimmers of confidence in the embattled commercial property market as sentiment for the coming months turned positive for the first time in eight months, research has found.

Business angel finance soars to record heights

BUSINESS angel investment in Scotland reached record levels last year, more than making up for a small decline in cash from the public sector.

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Donald MacRae: 'Scotland is avoiding a return to recession'

Scots economy continues to grow, though momentum hard to find

The Scottish private sector started the year on the front foot, with both the manufacturing and service sectors eking out growth and creating jobs in the face of a flat UK economy, according to a survey published today.

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UK safe haven for emigres with £1 million to invest

Wealthy investors are flocking to Britain seeking a “safe haven” from turmoil in the Middle East and former Soviet countries.

Haulage giant Eddie Stobart has set up its own apprenticeship programme

Trucker training puts recruits in the driving seat

In these uncertain times, it is impossible to guarantee a job to everyone who enters training, but some industries know that they are going to need a lot of recruits in the near future.

Chance for all, but females must first muscle in on male-dominated trades

ONE of the best things about apprenticeships is that there is a determination to ensure they are open to everyone.

BAE to play down threat of shipyard closure

DEFENCE giant BAE Systems is poised to play down fears this week that it could close a Scottish shipyard as part of a review of the shipbuilding business if Scotland votes for independence.

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Oil price rise ‘may push up inflation rate’

A SPIKE in oil prices remains a concern and could fuel a renewed hike in the cost of goods leaving UK factories, analysts yesterday warned.

Fresh fears over Greek eurozone debt

EUROPEAN markets fell yesterday as a deal on Greek debt unravelled, raising the possibility that the debt-ridden country could imminently default and leave the euro.

Malt whisky: net sales growth of 14 per cent. Picture: Dan Phillips

Diageo toasts the taste of Scotch as emerging markets sales surge

SCOTCH whisky was the star turn of robust half-time results from spirits giant Diageo yesterday, as strong sales growth in emerging markets offset difficult trading in debt-laden Europe.

Bank of England: More money put in to help economy. Picture: Getty

Bank of England pumps in extra £50bn but QE failing small firms say critics

CONCERNS were raised yesterday that companies are failing to see much benefit from an easing in credit conditions after the Bank of England voted to inject a further £50 billion into the financial system.

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Some signs of life from troubled UK economy

FRESH signs of resilience in the economy emerged yesterday after official figures revealed a surprise jump in factory output while Britain’s trade deficit posted a sharp improvement.

Europe’s rates kept on hold

THE European Central Bank kept interest rates at 1 per cent yesterday to help the 17-nation eurozone stave off recession, while its president dodged questions on whether it could help Greece lighten its debt load.

Queen’s jubilee could add to UK economy woes

THE Queen’s diamond jubilee could knock economic growth in the UK, analysts have warned, despite the expected boost to retail and tourism.

Big push to create apprenticeships in UK companies

BUSINESS secretary Vince Cable will today kick off the UK government’s largest-ever effort to convince companies that they should take on apprentices.

Bank of England: More money put in to help economy. Picture: Getty

Cash injection of £50bn aims to avert slump

BANK of England policy- makers are this week expected to pump at least £50 billion of fresh cash into the economy even though a double-dip recession is looking less likely.

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What are the SNP's plans regarding the degree of Scotland's fiscal autonomy? Picture: Getty

Bill Jamieson: Fiscal autonomy takes a pounding

WHATEVER your views on independence, First Minister Alex Salmond has set Scotland on its most important constitutional, political and economic journey for 300 years. The next two will see an intensifying scramble to seize the commanding heights of policy credibility.

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Service sector set to reinforce hope of avoiding double-dip

Critical data out today was expected to show that Britain’s dominant services sector remained in growth territory last month, reinforcing hopes that a double-dip recession may yet be avoided.

Production in US factories hit a sevenmonth high last month. Picture: Getty

Manufacturing upturn eases fears of double-dip recession hitting UK

UPBEAT manufacturing data on both sides of the Atlantic yesterday bucked the broader global trend for falling factory output, easing fears of a double-dip recession in the UK.

Manufacturing expands at fast pace

Manufacturers started 2012 on the front foot after figures today showed the sector expanded at the fastest pace since last March.

Gimme shelter: boom time for second homes

The number of second or “holiday” homes in the UK has grown in the last year despite a tough economic climate, a study has found.

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Mortgage approvals hit two-year high as debt is blitzed

MORTGAGE approvals rose to a two-year high in December, official figures showed, as borrowers continued to shrink their debts, repaying £400 million in personal loans.

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Dunedin boss Marshall hopes for ‘orderly’ break-up of euro

The head of Scottish private equity firm Dunedin said yesterday that he expects the euro to break up, as EU leaders met in Brussels in the latest attempt to revive the continent’s ailing economy.

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First-time buyers hit by rising living costs

First-time buyers are facing a squeeze – despite falling mortgage costs – due to rising living expenses.

Buyers ‘hold power’ in housing market

SIX out of ten of people wanting to move home believe the current market favours buyers, with Scots more likely to hold this opinion and Londoners the least likely, research released today shows.

The banks, notably those rescued by the state, are not listening to the public

Bill Jamieson: Shouting may be over, but a reputation may be lost

ANOTHER goading of public ire over bank bonuses at Royal Bank of Scotland; another huge political storm; and now, last night, after Labour threatened to bring the issue to a vote in the Commons, a capitulation by chief executive Stephen Hester. It has come too late to avoid serious questions about his judgment.

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Vince Cable:

Investors ‘will not decide on executive pay’

OTTO Thoresen, head of the Association of British Insurers (ABI), has dashed hopes that institutional investors will police soaring levels of pay among Britain’s biggest companies.

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Outsourcing giant Serco to axe up to 500 jobs but Scots escape cull

MORE than 800 job cuts were announced yesterday as outsourcing giant Serco consolidated functions following a series of acquisitions and administrators of Thamesteel cut most of its workforce.

24 Scots firms go to the wall every week

MORE than 24 businesses a week failed last year as a record number of Scots firms went to the wall.

Sir Mervyn King would wield power over Scotland in a sterling union

Sir Mervyn King says recovery will be ‘long, arduous but ultimately successful’

BRITAIN’S recovery will be “arduous, long and uneven” as the government, businesses and households undergo the necessary pain of paying off debt, the governor of the Bank of England warned last night, after figures showed public sector debt topped £1 trillion for the first time.

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GDP figures set to foreshadow new recession

FEARS of a second recession are likely to heighten today as economists expect GDP figures to show the UK economy went into reverse during the final three months of last year.

Dividend payouts hit record level of £67.8bn

BRITAIN’S listed companies paid out record dividends in 2011, despite difficult economic conditions and recent evidence that more firms were struggling.

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UK to reverse globalisation

THE UK and US will be the only major economies to see the globalisation process reverse this year as the process continues despite a faltering world economy.

Bill Jamieson: Easy to forget that down follows up

SO WHAT are a “better economy” and “socially responsible capitalism”, exactly? Once David Cameron and Ed Miliband have finished flashing their soundbites and defined more accurately what it is they want, how do we get there?

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Manufacturing exports fall prompting calls for help

GROWTH in Scottish manufactured exports slowed again in the third quarter of last year, prompting business leaders to warn that more support will be needed from Holyrood if the government is to meet its targets.

Fidelity demands controls for boardroom pay

THE UK government’s campaign to curb excessive executive pay through shareholder power has drawn support from one of the world’s biggest asset managers.

Germany slows but avoids recession

The German government has scaled back its forecast for economic growth to just 0.7 per cent this year but still believes Europe’s biggest economy will avoid a recession.

Public-sector cuts hit firms

THE number of Scottish companies in financial trouble jumped at the end of last year as public-sector cutbacks began to bite, figures released today suggest.

China's economic growth has slowed to its slowest rate in two years in the closing months of 2011. Picture: Getty

China’s battle with inflation dents growth

China’s economy expanded at its weakest pace in two years during the closing months of 2011 as government measures to cool inflation hit growth.

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Wednesday 15 February 2012

5 day forecast

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