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World Stock Markets Close a Difficult 2011

The UK FTSE 100 was down by 5.6 percent in the past year. France and Germany experienced a decline in stocks by 18 percent and 15 percent respectively. Countries in the eurozone have increasing fears...

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Tax Changes to Affect Families with Children

Families in the UK that have three or more children will feel the effects of the changes in tax and benefits that are set to reduce the deficit, according to a report revealed by the Family and...

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UK Service Sector Grew in December

The service sector in the United Kingdom increased its activity during the month of December. Analysts recorded that the fastest rate of growth was during the last month of the year compared to the...

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New Rules for Credit Union Now Enforced

New rules have been created and are now enforced in order to free up credit unions and enable them to function more effectively along with big financial institutions. The changes are made under the...

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New Retirees in the UK to Have Lower Pensions this 2012

Senior citizens in the UK who are going to retire soon should not expect to receive high pensions compared to those who have retired in the last four years. According to a survey done by Prudential...

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Interest Rate in the UK Remains at 0.5%

Interest rates in the United Kingdom are still at it the record low 0.5 percent according to the Bank of England’s Monetary Policy Committee. The 0.5 percent interest rate has been kept since March...

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Tax Officers Will Have a Strike on Monday

About 20,000 tax advisers will conduct walkouts and strikes on Monday due to alleged privatization. Workers in call centers and inquiry offices for tax returns will also conduct a similar strike on...

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Inflation Rate in the UK Declines to 4.2% in December

The inflation rate in the United Kingdom has fallen sharply during the month of December due to the decrease in the prices of petrol and clothing. The Consumer Prices Index inflation has declined to...

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House Rent Declined by 0.8% Since November

Renting a home in England and in Wales has now gone down for another month this December, according to LSL Property Services. The average rent is now down by 0.8 percent compared to £711 per month...

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Wide Gap Between Economies in Cities Now Apparent

There has been a big difference in economic performances in various cities and towns in the United Kingdom according to a report presented by the Centre for Cities. In Cambridge and Hull, the number of...

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UK Government Debt Reaches £1 Trillion

The government debt of the UK has gone up to a record breaking £1 trillion from £883 billion from the past year. Even when this is the current figure, Chancellor George Osborne is still determined to...

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Tax Deadline Put Back by Two Days

There will be no extra charges over self-assessment tax returns submitted online during the first two days of February, according to the HM Revenue and Customs. The official deadline was set on January...

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UK Bank Boss Declines £1M Bonus

Chief executive Stephen Hester of the Royal Bank of Scotland has declined receiving his bonus worth almost £1 million. According to BBC Business editor Robert Peston, Mr. Hester turned down the...

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UK Did Not Agree to Join Fiscal Treaty

There are 25 out of the 27 member states of the European Union who have said yes to join a fiscal treaty to put force budget discipline measures. The two member states who did not agree were the United...

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UK May Experience Recession Soon

The United Kingdom may start to get into another bout of recession during the first six months of the year 2012 as many of the households are trying to lessen spending, according to the National...

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House Prices in the UK Up by 0.6% in January

House prices in the United Kingdom are up by 0.6 percent during the month of January, according to a report released by Halifax.  House prices are now at £160,907 on average during the previous month....

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RBS CEO Says Scrutiny of Bonus is “Discomforting”

The Chief Executive Officer of the Royal Bank of Scotland Group Plc Stephen Hester has expressed his feelings regarding the political scrutiny of his bonus. He said that is was “discomforting”, to say...

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UK Trade Deficit Declines at Its Lowest Since 2003

The trade deficit of the United Kingdom on seasonally adjusted products and services was recorded to be at £1.1 billion during the month of December 2011. According to the Office for National...

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Barclays Profits Decline by 3% to £5.9B

Barclays has released an announcement that the bank’s profits have declined by 3 percent to £5.9 billion for the year 2011, as the financial institution was affected by the slowdown of its investment...

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Inflation Rate of the UK Down to 3.6% in January

Inflation has decline during the month of January as the effect of 2011’s value added tax increase was not revealed in the reports. The Consumer Prices Index measure of inflation in the United Kingdom...

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