UK

recession

British inflation draws a faltering economy

LONDON | Since the consumer price index began to record UK’s month on month inflation back in 1996, the downturn experienced in the clothing and footwear section from May to June this year has doubled the next largest decrease. The data, released Tuesday by the Office for National Statistics, brought inflation from 2.8 percent to 2.4 percent, while the retail price index fell, too, from 3.1 percent to 2.8 percent….


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British Eastern Airways agrees to refinancing from Santander

Humberside-based air transport business Eastern Airways Europe said Thursday its future expansion plans are now backed up after securing refinancing from Santander Corporate Banking. Eastern Airways Europe is a regional air transport business operating in the UK and across Europe. The business was founded in 1997 as a service for oil and gas workers living in the UK and working offshore. Since then, Eastern Airways has evolved to provide transport operations…


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Barclays and the European free markets: the enemy within

LONDON | Whether it is electoral incentives or sincere concern what compelled the UK government to call for supervision from outside the banking sector, free market advocates must have felt an acute sense of betrayal. On Tuesday, the Chancellor of the Exchequer George Osborne no only reminded the City that the British Bankers Association members will not see a penny of the £290-million fine that has been imposed to Barclays…


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The ephimeral Olympics’ effect

LONDON | How much the £16.5-billion pill administered by the London 2012 Olympics will help reinvigorate the British economy is shortly to become a matter of debate. The figure came Monday under the signature of Lloyds TSB, which released a research study that forecast increasing activity until 2017 across key sectors like construction and tourism. Just weeks before the celebrations, the City seems drawn to spark the discussion. Indeed, investment…


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Rise in trade with emerging markets unlikely to offset UK’s euro dependency

LONDON | By 2026 the UK could have increased its international business activity a booming 66 percent. The latest Global Connections trade forecast this week from HSBC Commercial Banking predicted that emerging markets will experience a tipping point in the balance of trade power, where imports will grow faster than exports within the next five years. That's opportunity for British ears. how to get your ex back According to official data,…


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UK businesses go further north far from euro zone’s big economies in distress

LONDON | UK firms are this week seeking new businesses in Baltic States and Finland. The British trade and investment minister, Stephen Green, is in a visit to Latvia, Lithuania, Estonia and Finland that began Tuesday, focused on developing trading links with the UK and attracting new investment. Exports of goods and services from the UK to the four countries visited this week totalled more than £3.6 billion in 2010, while…


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UK tax authorities tighten Liechtenstein’s billion-worth loose end

LONDON | More than 2,400 people have registered to disclose unpaid tax under the Liechtenstein disclosure facility with £363 million already paid in tax bills, the British tax authorities announced Monday. The new legal framework is now expected to bring in up to £3 billion by 2016 based on the current numbers of disclosures. The figures were released as the United Kingdom and the Principality of Liechtenstein prepared to sign a double…


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Telefónica, Vodafone to jointly operate a single network grid in the UK

my ex girlfriend is in a relationship MADRID/LONDON | Telefónica UK and Vodafone UK on Thursday announced plans to strengthen their existing network partnership, by pooling the basic parts of their network infrastructure to create one national grid running each operator’s independent spectrum. The project will create two competing networks offering indoor 2G and 3G coverage targeting 98% of the UK population by 2017, mobile coverage and mobile internet services to…


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58pc of the British cooperate with NGOs, just 18pc of Spaniards do

How To Get Your Ex Girlfriend Back By Julia Pastor, in Madrid | Solidarity is one of the feelings that gives more satisfaction to human beings. In some societies, this capacity of putting oneself in the place of another person is more pronounced or more developed. In gross terms, and according to the Spanish Fundraising Association (AFEr, in its original acronym), Spain is not the most supportive country within the European…


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Monday’s UK chart: poor manufacturing index, but the euro isn’t an excuse

LONDON | Those who were in need of arguments to claim the British-mainly nature of the economic troubles of the island are in awkward luck. The manufacturing industry saw a sharp decline in activity in May, according to the latest purchase manufacturing index release. The headline index fell back to 45.9 from the 49.7 consensus figure and from 50.2 in April, the second-largest drop in the 20-year history of the…