Posts Tagged ‘uk’
HSBC reunites customers with £10.4
HSBC has reunited customers with £10.4 million held in lost or forgotten bank accounts.
The bank, which started searching out owners for unclaimed funds in September 2008, said over 7,000 customers have been reunited with dormant accounts.
The average money in each account was £1,400.
People in London are the most forgetful about money left in bank accounts, [...]
Think tank provides UK growth forecasts
According to leading economic think tank, the National Institute of Economic and Social Research (NIESR), the UK economy grew by 0.3% in the December to February period and has expanded by 0.7% since last September’s slump.
The NIESR’s latest predictions come just a few weeks after the Office for National Statistics (ONS) revealed the UK economy [...]
UK factory output in surprise January fall
The Office for National Statistics (ONS) today revealed UK industrial output unexpectedly fell in January – primarily due to the cold weather during the month.
According to the ONS, output fell by 0.4% in January compared with the previous month and represented the largest monthly fall since August.
Analysts had expected a 0.3% rise.
However, on an [...]
UK trade deficit unexpectedly widens in January
The Office for National Statistics (ONS) has today revealed the UK’s trade gap widened unexpectedly in January to a 17-month high.
The news disappointed markets and sent the already weak pound falling. Sterling fell 0.4% to €1.10 at mid morning and lost 0.75% against the dollar to fall below the $1.50 mark.
Sterling has lost around [...]
Recovery will be “sluggish”, expert claims
Recent increases in the purchasing managers index (PMI) should not be taken as an indication that Britain is entering a strong recovery, one expert has claimed.
Vicky Redwood, economist at Capital Economics, said economic recovery will be “sluggish” over the next two years.
She made the remarks despite conceding that PMI data released this week was “pretty [...]