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News

  • Growth Forecast Cut as Interest Rates Remain Unchanged

    It’s another dim day for the future of the British economy as the British Chambers of Commerce have moved to cut their UK economic growth forecasts, blaming a combination of weaker than predicted trade and manufacturing performance in areas like metals. The business lobby group have made the move which...
  • Eurozone Grows by 0.4%

    The major advantage of linking the European economies together would be that in the case of a financial disaster in one state, the damage would be mitigated by continued growth in other nations. In theory then, stability would be assured, there would be strength in numbers. The global economic crisis...
  • Rolls Royce awarded £14.5 million

    Funding from the government of £14.5 million has been awarded to Rolls Royce to develop a greener aircraft engine.  The government claimed this could support about 8,000 jobs and generate £200m for the UK economy as reported in Insider Media Ltd.   It is hoped the project will contribute to...
  • UK Manufacturing rose in December 2014

    Scott Hamilton from Bloomberg News reports UK manufacturing rose in December the figures being the best since 2010.   The office for National Statistics also reported factory production had increased 0.1 percent after a surge of 0.8 percent in November. For the full year UK manufacturing rose 2.7 percent and...
  • 15 Billion Increase to UK Economy

    A recent report by EY states that by reshoring a number of industries back to the UK  could add £15.3 billion to the economy and create hundreds of thousands of jobs as published on Supply Management by Marino Donati.   “Offshoring in the 80s and 90s saw a dramatic reduction...
  • Tidal power scheme backs UK engineering

    A possibility to use the “power of the tide” to generate environmentally friendly energy in a £1bn project will give British engineering companies the opportunity to place a major role in the production of the turbines as reported by Alan Tovey, Industry Editor – The Telegraph.   The power is generated...
  • The price of Oil at $55 per barrel is here for a while

    The International Oil Agency predicts that the price of oil will stay substantially below the highs of the last three years for the foreseeable future. Ivana Kottasova from CNN Money reports the IEA's medium-term forecast sees prices averaging $55 per barrel in 2015. They should then start to recover but...
  • The Rapid Slide in Oil Prices Won’t Last Much Longer

    The rapid slide in oil prices over the last nine months won’t last much longer, but the rebound will be limited as reported by Sarah Kent in The Wall Street Journal. The International Energy Agency reported on Tuesday the rebound would be limited and won’t feature prices at the height...
  • Exports boost UK manufacturing

    UK manufacturing is playing a major role in the economic recovery of the UK economy. Andy Bruce from Reuters explains that Export sales have increased and that British factories will provide a modest contribution to the upturn. However Andy goes onto say “British manufacturing output is still around 5.3 percent...
  • UK aerospace industry calls for tax allowances

    The UK aerospace Industry is responsible for 17% of global aerospace sales and with 109,000 people directly employed in the aerospace industry and competition as fierce as ever it’s important that we remain competitive. Here is a fantastic article in the Financial Times by Peggy Hollinger, where it is explained...

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