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22/10/2001
Shoppers credited with UK economic resilience
The latest quarterly report by the Ernst & Young Item Club indicates that the UK should be able to avoid falling into recession despite the slowdown affecting other countries around the world.
The report, which uses the Treasury's model for growth, predicted growth of 2.2 per cent this year, dropping back to 2 per cent in 2002, before accelerating to 2.9 per cent in 2003.
The Item Club report credited UK consumers for the current strength of the country's economy, but warned that spending would begin to slow following the recent wave of job cuts.
However, Monday's report warned that the UK housing market, among others, would begin to weaken because of corporate cutbacks, although the economy would remain far from a collapse. (MB)
The report, which uses the Treasury's model for growth, predicted growth of 2.2 per cent this year, dropping back to 2 per cent in 2002, before accelerating to 2.9 per cent in 2003.
The Item Club report credited UK consumers for the current strength of the country's economy, but warned that spending would begin to slow following the recent wave of job cuts.
However, Monday's report warned that the UK housing market, among others, would begin to weaken because of corporate cutbacks, although the economy would remain far from a collapse. (MB)
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27 July 2001
UK economic growth falls to lowest rate
Business analysts have revealed that UK economic growth has fallen to its lowest rate in more than two years. A new economic report has revealed that while the British economy has performed more robustly than its neighbours in recent months, it has been inevitable that the slowdown in the US would take its toll sooner or later.
UK economic growth falls to lowest rate
Business analysts have revealed that UK economic growth has fallen to its lowest rate in more than two years. A new economic report has revealed that while the British economy has performed more robustly than its neighbours in recent months, it has been inevitable that the slowdown in the US would take its toll sooner or later.
02 January 2002
UK economic growth expected to slow in 2002
The UK’s economic growth is expected to slow to about 1.5 per cent during 2002. The latest figures from research group Cambridge Econometrics has predicted a further decline in manufacturing, led by a sharp fall in output in ICT industries.
UK economic growth expected to slow in 2002
The UK’s economic growth is expected to slow to about 1.5 per cent during 2002. The latest figures from research group Cambridge Econometrics has predicted a further decline in manufacturing, led by a sharp fall in output in ICT industries.
30 August 2001
Hilton Group report 33 per cent rise in profits
The UK hotels and leisure company Hilton Group has reported a one thid rise in profits for the first six months of the year. The company’s profits, which rose by 33 per cent to £144.3 million, improved despite the recent problems besetting the British tourist industry such as an economic slowdown and the outbreak of foot-and-mouth disease.
Hilton Group report 33 per cent rise in profits
The UK hotels and leisure company Hilton Group has reported a one thid rise in profits for the first six months of the year. The company’s profits, which rose by 33 per cent to £144.3 million, improved despite the recent problems besetting the British tourist industry such as an economic slowdown and the outbreak of foot-and-mouth disease.
18 June 2002
UK inflation rate falls below two per cent
Official figures from the Office for National Statistics (ONS) has revealed that the UK inflation rate fell sharply last month to 1.8% in May from 2.3% in April.
UK inflation rate falls below two per cent
Official figures from the Office for National Statistics (ONS) has revealed that the UK inflation rate fell sharply last month to 1.8% in May from 2.3% in April.
01 October 2001
UK house prices soar by 2.8 per cent
UK house prices rose 2.8 per cent in September, the highest monthly increase in eight years, according to a report by the building society Nationwide. The figures revealed in the report reveal that the price of the average UK home was 15 per cent higher last month than in September 2000.
UK house prices soar by 2.8 per cent
UK house prices rose 2.8 per cent in September, the highest monthly increase in eight years, according to a report by the building society Nationwide. The figures revealed in the report reveal that the price of the average UK home was 15 per cent higher last month than in September 2000.
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Northern Ireland WeatherToday:After a dry start this morning rain will spread from the northwest across all parts. This afternoon will be dull with some patchy rain and drizzle. Becoming much milder through the afternoon. Maximum temperature 11 °C.Tonight:A cloudy evening and night with a little light rain or drizzle, perhaps some clear periods developing along the east coast. A very mild night everywhere. Minimum temperature 10 °C.
