Business Secretary Vince Cable today announced plans for a state-backed ‘business bank’ and long-term partnership with industry as part of the coalition’s industrial strategy.
Hardly any of the £1.4bn Regional Growth Fund has been spent and Whitehall has little idea of whether it will provide value for money, the Commons Public Accounts Committee has found
The government has been warned today that it is ‘missing a major trick’ by devolving economic powers to cities only rather than offering them to wider local government.
The British Chambers of Commerce today downgraded its growth forecast for the year, predicting that the UK economy will contract by 0.4%. It had previously forecast growth of 0.1% in 2012.
The coalition partners don’t agree on much. And the political perils of shrinking the state mean that small is no longer quite so beautiful, argues Philip Johnston
The coalition partners don’t agree on much. And the political perils of shrinking the state mean that small is no longer quite so beautiful, argues Philip Johnston
People are confused about the coalition government’s economic aims, with almost half believing ministers plan to reduce the national debt rather than the structural deficit, according to a think-tank...
The economic contraction in the second quarter of the year was not as deep as first estimated, according to revised figures issued today by the Office for National Statistics.
The Bank of England should move beyond the narrow inflation measure ‘that did nothing to prevent the deepest recession for almost 70 years’, a leading think-tank said today.
Ministers have been urged to tackle youth unemployment after latest figures revealed that almost 1 million young people are not in education, employment or training.
The government was required to borrow £600m last month following a slump of almost 20% in corporate tax receipts, figures from the Office for National Statistics and the Treasury revealed today.
The decline in gross domestic product in the second quarter of 2012 is smaller than first estimated following the update of construction figures, the Office for National Statistics revealed today.
The Bank of England has downgraded its forecast for economic growth in the UK this year to zero, and warned that the economy is unlikely to be recover before 2014.
A successful programme to help graduates gain employment experience through internships is to be stepped up, thanks to a £200,000 cash injection from the Scottish Government.
Could housing associations do more to boost efficiency in the age of austerity? Waqar Ahmed thinks so. But the group finance director at L&Q tells PF that the government must do its bit too
Scotland’s economy is likely to return to pre-recession output levels in 2014, the year of the independence referendum, according to the Scottish Government’s State of the economy report.
The UK economy has contracted for the third successive quarter, with output falling by 0.7% in the three months to June this year, according to the Office for National Statistics.
