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British economy



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British economy to shrink 4.75% in 2009: govt

Britain's recession-mired economy will shrink by a bigger-than-expected 4.75 percent this year, the government forecast on Wednesday in a keenly-awaited budget announcement. Finance minister Alistair Darling's revision, announced to parliament, compared with his previous estimate that the economy would contract by 3.5 percent in 2009.

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The British Future Not Something British People Want To Think About

When I landed at Heathrow this morning, I had no idea that I was stepping into a country hurtling towards irrelevance. But if you're looking for the economic future, it apparently isn't here. According to a new report, the British economy will be hardly worth talking about in a few years. Four years ago, Britannia had the fourth-largest economy in the world. But the Chinese, French...

3Vote!

25% of British men take sickie to play video games

A survey has discovered that one in four British men has taken a sick day just so they can play videogames. A survey by www.myvouchercodes.co.uk of just under 2,000 British workers suggested that just 46 per cent of all sick days are genuine, with men particularly prone to taking the odd sickie. Three quarters of those men surveyed admitted to taking time off without any real justification,...

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British Government Plans Windfall Tax on Bank Bonuses

The British general election may still be up to six months away, but campaigning already is heating up. The latest idea to make the rounds: a windfall tax on bankers' bonuses . That's what Alastair Darling, Britain's finance minister, is expected to announce on Dec. 9 when he makes his annual pre-budget announcement . And it mirrors steps in the U.S. where policymakers are mulling a similar...

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World Cup fans could boost the British economy 'by 10 per cent'

The British economy is banking on a World Cup bounce, when beer sales rocket, shoppers hit the high street and fans reach for takeaway menus.

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Viagra for the British economy? -- Or maybe a dose of Chinese medicine

There have been several calls recently for the focus of public policy and private enterprise to be put on high-value manufacturing and knowledge-based services. With the collapse of Rover and the recent announcement of layoffs at Marconi, the theory goes...

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Falkland Islands oil reserves 'to help British economy'

The Falkland Islands could help boost Britain's economy thanks to plentiful oil reserves, according to reports.

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Econiomy: We're leaner, but not necessarily fitter

This will be the worst peace-time year for the economy since 1921, according to the National Institute for Economic and Social Research. Even in 1931, at the height of the Great Depression, the British economy shrank by less than the 4.75 per cent Alistair Darling says the UK will have lost by New Year's Day 2010.

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Simon Hoggart's sketch | Unfazed amid the disaster

Alistair Darling increasingly resembles the little pig who built his house out of straw Alistair Darling stood amid the smoking ruins of the British economy today . He sounded untroubled. He always does. If he is ever shot for economicide, he will choose a nourishing cheese sandwich for his last meal, carefully comb his eyebrows, and predict "a brief period of turbulence ahead"....

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Now Here's An Idea

Here's an idea for Obama and Congress to try: The chancellor of the Exchequer, Alistair Darling, announced a one-time tax on bank bonuses Wednesday, part of the government’s effort to shore up the still-weak British economy. The tax will be levied on 2009 bonuses of more than £25,000, or $40,800. It will be imposed on the pool of bonuses paid by a bank, rather than individual...

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Negative Consequences

(The horrible thing about coursework is that, although you hate doing it, you do become engrossed in it. Therefore, I'm still catching up on the news and what the blogs have been saying over the last few days. So bear with me.) Understandably, we tend to talk more about the potentially disastrous effects for the British economy of the economic agenda of the global warming brigade. In...

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Alistair Darling recovery hopes suffer fresh blow on trade gap

Britain’s goods trade deficit with the rest of the world widened unexpectedly in October to its biggest gap since January, dealing a fresh blow to Alistair Darling who will today attempt to convince voters he can return the British economy to health in the Pre-Budget Report.

3Vote!

UK & World News: Public sector pay freezes pushed

Company directors have published a recovery plan for the British economy as business groups and unions made a last minute plea to the Chancellor to take action in the pre-budget report to stimulate growth.

3Vote!

UK News: Public sector pay freezes pushed

Company directors have published a recovery plan for the British economy as business groups and unions made a last minute plea to the Chancellor to take action in the pre-budget report to stimulate growth.

3Vote!

Public sector pay freezes pushed

Company directors have published a recovery plan for the British economy as business groups and unions made a last minute plea to the Chancellor to take action in the pre-budget report to stimulate growth.