This week has been somewhat topsy turvy on the currency markets, especially for those of you starting with Sterling. Initially the Pound weakened as lower than anticipated inflation data caused interest rate rise expectations to go further onto the backburner, but then the Bank of England minutes came out showing that in fact two of […]
The consumer prices index (CPI) rate of inflation fell to 1.6% in July 2014, down from 1.9% in June 2014, according to official figures. The Office for National Statistics (ONS) said falling clothing prices had made the biggest contribution to the drop, while alcohol, financial services and food products had also experienced declining prices. This […]
More than a quarter (28%) of UK adults have needed to borrow money from family members, according to research from the Centre for the Modern Family. The report by the Scottish Widows think tank reveals the amount lent by family members is worth around £31 billion per year, with individuals receiving an average sum of […]
Employment in Scotland has reached the highest level since records began in 1992, according to figures published by the Office for National Statistics (ONS). The latest labour market figures reveal that total employment increased by 63,000 in the last year, bringing the total employment figure to 2,594,000. The Scottish employment rate is now above the […]
Retail sales in July 2014 were 0.3% lower than July 2013 but total sales grew by 1.3% in the last year, according to the latest figures from the British Retail Consortium (BRC). Furniture sales recorded their highest growth since the start of 2014 but food sales over the last 3 months saw their biggest decline […]
Last week the pound dropped further from its recent peaks against all its major currencies as the sellers start to take over the market for the short term. A dovish inflation report from the Bank of England has changed short term sentiment for the pound with many agreeing that the pound was over priced at […]
Yesterday was a relatively quiet day in the way of data with no releases of major note. In the morning we saw a raft of Eurozone CPI data all of little consequence and interestingly al coming in as expected. It was only the German and Eurozone ZEW economic survey results that came in under expectation […]
Regular readers will be aware the pound has recently begun a negative correction following such a strong rally in the last 6 months. These turn in fortunes leaves the pound very far more vulnerable to selling and this was demonstrated in yesterday’s trading as the pound dropped 1% from its high of the day. The […]
Nearly three quarters of UK professionals work overtime regularly, according to research by recruitment consultancy Morgan McKinley. The working hours survey polled more than 600 professionals across a range of sectors and found that 73% routinely work longer than their contracted hours. Nearly three quarters of these said that working longer hours was having an […]
Less than a third (29%) of UK workers expect to stop working altogether after retirement, research by Aegon has found. The survey reveals that 36% of people in the UK expect to continue working part-time or on temporary contracts during retirement. Another 14% believe they will work in some capacity after they retire. The survey […]
What is the impact of Spencer v Taylor [2013] on drafting Section 21 Notices? Whilst most assured shorthold tenancies in the social housing sector are periodic throughout the Court of Appeal case of Spencer v Taylor [2013] makes interesting reading for anybody involved with fixed term assured shorthold tenancies. After years of believing […]
Monday was a fairly flat day in the currency markets as the week started with hardly any data releases, certainly none of any key importance. Early morning retail sales from Switzerland showed growth of 3.4 percent which although a massive improvement on the expected 0.3 percent growth, did little to benefit the Swissy. On the […]