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Public sector borrowing hits record high
4 hours ago ago from Arfans.WordPress.Com The World News Website
The UK's public sector net borrowing hit a record high of £20.3bn in November, official figures have shown. The figure was the highest for any month since records began in 1993, but was less than economists had expected. The Office for National Statistics also said the public sector net debt was £844.5bn, or 60.2% of overall UK economic output. Government debt as a percentage of GDP has risen considerably since the start of the ...
Related contentBorder Control
14 hours ago ago from The Boiling Frog
Immigration comes in at third in voter's list of concerns, behind the economy and crime, so it's no surprise that grappling (or pretending to) this issue is a government priority, often with patchy results. e-Borders is a flagship Government immigration policy that was relaunched in 2007. It's aim was to log and screen 100 million passenger movements by April 2009 and 95 per cent of all border crossings by the end of 2010. Immigration ...
Related contentUnemployment figures
10 hours ago ago from The Garden Lobby
The latest unemployment figures provide mixed reading for politicians about to embark on their Christmas recess. Figures released by the Office of National Statistics (ONS) show that the number of unemployed in Scotland fell by 2,000 for the three months between August and October. This means that Scottish unemployment sits at 6.9% or 187,000 people. This is in contrast to the overall UK figures, which saw unemployment rise by 21,000 to ...
Related contentAverage online order values increase 94% in 2009
10 hours ago ago from Internet Retailing
The value of the average order placed online has surged 94% compared to the same period last year, figures from Coremetrics Benchmark Survery of 150 top online retailers have revealed. The figure represents an increase of 54% since 2007, making the effect of the recession on consumer spending last year clearly visible. The average order value decreased 20% during 2007-2008, before rising 94% from 2008 to 2009. The number of items ...
Related contentHeadlines of the Day: How Are Governments to Finance Themselves?
17 hours ago ago from Mase: Economics and Finance
More and more attention is being directed toward the problems that governments are having with their financial situation. We have spent so much time this year discussing the problems in the financial industry, in housing, in credit cards, in consumer credit, in business bankruptcies, in debt-swaps, and in commercial real estate, that the plight of governments, other than the federal government, has taken a back seat. Is 2010 to be dominated ...
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