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Latest Finance News related to Annual Increase

Bill Gates tops Forbes' rich list but Trump's wealth slips image
Source : BBC [Read Article] Monday 20th of March 2017 05:17:00 PM
.... . The global population of billionaires, now put at a record 2,043, marks the biggest annual increase in the 31 years since the magazine began compiling the list. ...
What the 2017 budget means for you image
Source : Guardian [Read Article] Wednesday 8th of March 2017 05:18:09 PM
Pension changes could cost 11m Britons thousands of pounds image
Source : Guardian [Read Article] Monday 20th of February 2017 01:42:09 PM
....Companies could slash pension promises to 11 million employees, potentially knocking thousands of pounds off the incomes of people in retirement, if proposals in a government consultation paper are approved. Unions are likely to react furiously to the proposals, which would allow companies to save £90bn by providing annual increases in their retired employees’ pensions based on the consumer price index, rather than the retail price index. ...
Pearson profit warnings wipe almost £2bn off its value image
Source : Guardian [Read Article] Wednesday 18th of January 2017 09:30:18 AM
....Pearson has issued a string of profits warnings in recent years and axed more than 4,000 jobs last year. The cut in the dividend this year will bring to an end almost 25 years of annual increases. ...
'It's a financial cliff edge': how Britain fell back in love with credit cards image
.... The pound’s weakness since the Brexit vote makes imports more expensive, which will feed into higher prices at the shops, while prices at the pumps started the year at their highest since 2014. The TUC research calculated that unsecured debt in 2016 is up £1,117 on the year before, the highest annual increase since at least 1997. ...
CES 2017: UK support to tech firms 'an embarrassment' image
Source : BBC [Read Article] Tuesday 3rd of January 2017 12:03:16 AM
....There are nearly five times as many French companies attending this year's CES as British ones. Mr Shapiro said there had been an annual increase in numbers over the past few years thanks to Paris making greater effort to help its entrepreneurs. ...
What is productivity and why is the UK's so poor? image
Source : Guardian [Read Article] Sunday 25th of December 2016 02:17:46 PM
....It is through productivity improvements that living standards rise. For many years, the annual increase in productivity in the UK averaged around 2%, although there were periods when it was lower and periods when it was higher. ...
US unemployment rate falls to nine-year low image
Source : BBC [Read Article] Friday 2nd of December 2016 01:33:12 PM
.... Average hourly earnings fell 0. 1% from the month before, and that reduced the annual increase in wages to 2. ...
House price growth lowest for 10 months, says Nationwide image
Source : Guardian [Read Article] Thursday 1st of December 2016 07:55:26 AM
....Despite the slowdown, Robert Gardner, Nationwide’s chief economist, said the latest increase is in line with growth rates seen since early 2015. In October, an annual increase of 4. ...
Two-hour daily commute 'on rise among UK workers' image
Source : BBC [Read Article] Friday 18th of November 2016 03:19:13 PM
UK inflation rate dips to 0.9% image
Source : Guardian [Read Article] Tuesday 15th of November 2016 10:25:21 AM
....Philip Hammond was on Tuesday being urged to ignore a small and unexpected fall in inflation and use next week’s autumn statement to protect Britain’s poorest families from an expected sharp rise in the cost of living in 2017. The chancellor was provided with a boost ahead of his first set-piece occasion on November 23 when cheaper clothes and a smaller increase in university tuition fees meant the annual increase in the cost of living as measured by the consumer prices index fell from 1% to 0. ...
Tata's plans to close British Steel pension fund lambasted by MP image
Source : Guardian [Read Article] Wednesday 9th of November 2016 06:47:36 PM
.... However, an overhaul of the pension scheme is considered vital by the Indian company. Tata was initially in talks with the government about changing UK laws so the annual increase in benefits was pegged at a lower level of inflation, which could have cut billions of pounds from the future liabilities. ...
UK house prices: East and South driving rises, says ONS image
Source : BBC [Read Article] Tuesday 18th of October 2016 09:13:09 AM
....The ONS house price figures are generally regarded as the most comprehensive but are published later than other surveys. Recent surveys by mortgage lenders, the Halifax and Nationwide, suggested that annual increase in house prices had slowed in September compared with the previous month. ...
Home buyers 'back after Brexit jitters' image
Source : BBC [Read Article] Wednesday 12th of October 2016 11:00:56 PM
.... . Recent surveys by mortgage lenders, the Halifax and Nationwide, suggested that annual increase in house prices had slowed in September compared with the previous month. ...
Move over London … UK's hottest property spot is Outer Hebrides image
Source : Guardian [Read Article] Tuesday 13th of September 2016 01:04:10 PM
....The latest monthly report stated that the 8. 3% annual increase, while down from 9. ...
Mortgage approvals by UK banks fall to lowest level so far this year image
Source : Guardian [Read Article] Wednesday 24th of August 2016 01:35:59 PM
.... Net mortgage lending continued to rise annually at 3% in July. This figure is identical to the annual increase in June. ...
Fuel prices push up UK inflation rate to 0.6% image
Source : BBC [Read Article] Tuesday 16th of August 2016 08:37:00 AM
....In addition, the prices of finished goods leaving the factory gate were 0. 3% higher than a year earlier, the first annual increase since June 2014. ...

Rail passengers face higher fares despite strike chaos
 image
Source : Telegraph [Read Article] Saturday 13th of August 2016 11:37:00 AM
....The rise will take effect from January. While it will be one of the lowest annual increases since the railways were privatised, the timing is likely to anger passengers who have suffered overcrowded trains and disruption. ...
Using home to fund retirement is a delusion, says former minister image
....If someone sold a detached house for the average price of £310,000, and traded down to a semi-detached for £197,000, they would have £113,000 with which to buy a pension, he calculated. That sum would buy an annuity that pays out £5,700 a year, without annual increases for inflation. ...
Falling pound hits British pensioners living overseas image
Source : Guardian [Read Article] Saturday 2nd of July 2016 06:01:01 AM
....”. Staudenmayer was referring to the fact that around 560,000 UK pensioners live in countries where their basic state pension is frozen – they don’t get the annual increases that people who move to EU countries and certain other places currently get. ...
'Pensions' delicate balance' post Brexit vote image
Source : BBC [Read Article] Friday 1st of July 2016 09:00:01 PM
.... . One option is to base the scheme's annual increase on the Consumer Prices Index (CPI) inflation measure, which is usually below the Retail Prices Index (RPI) measure currently used. ...
Tata Steel fears that UK political situation may derail sale image
Source : BBC [Read Article] Thursday 30th of June 2016 01:28:41 AM
.... . The Tata Steel pension consultation included a plan to base the scheme's annual increase on the CPI measure of inflation rather than RPI, a move expected to save billions of pounds. ...
Tata Steel near deal to save Port Talbot plant despite Brexit vote image
Source : Guardian [Read Article] Sunday 26th of June 2016 02:29:39 PM
....The latest figures show the deficit has ballooned to £700m, up from £485m last year, and its liabilities are almost £15bn. Under the government’s plan, drawn up with trustees and trade unions, the scheme would be spun off into a new “shell” company and the inflation-linked annual increase benchmarked against the consumer price index rather than the retail price index, potentially saving billions of pounds in future liabilities. ...
Pension savers told 'DON'T PANIC' amid market carnage but follow THESE key steps image
....Mr McPhail said: "The possibility of further curbs to pension tax relief has now increased, so investors would be well-advised to make the most of the available tax relief while they still can. "During the Referendum campaign the Prime Minister warned that a Leave vote could mean the end of the Triple Lock on state pensions - annual increases of the greater of CPI, Earnings growth and 2. ...
China and Japan help ranks of the super-rich swell to more than 15m image
Source : Guardian [Read Article] Thursday 23rd of June 2016 04:43:08 PM
....The Capgemini report showed that the number of ultra-rich people – those with assets worth more than $30m – rose at a slower rate than in previous years. Their number grew by just over 4% in 2015, compared with annual increase of nearly 8% between 2010 and 2014. ...
NHS in England reveals £2.45bn record deficit image
Source : Guardian [Read Article] Friday 20th of May 2016 10:29:20 AM
.... The size of the figure threatens to wreck this year’s financial planning for the NHS, which was based on wiping out a deficit of that size. The service, already strapped for cash as it negotiates a decade-long period of historically low annual increases in its budget, will now have to find £700m to bridge that gap. ...
The Tesco brand was badly dented, but it will recover, says boss image
Source : Guardian [Read Article] Saturday 14th of May 2016 03:00:06 PM
....” This he sees as “a very, very, very big challenge”. The government has offered retailers an olive branch by linking the annual increase in business rates to the consumer price index instead of the higher retail price index, and has pledged to revalue properties more regularly, so that rates more accurately reflect the economic environment. ...
UK house prices edge up 0.2% in April image
Source : Guardian [Read Article] Thursday 28th of April 2016 07:20:55 AM
....5% dip in prices in England and Wales in March, putting the average price at £189,901. The data, which is based on sales registered during the month and does not include new-build properties, showed an annual increase of 6. ...
Australian inflation falls to 1.3% in biggest drop for seven years image
Source : Guardian [Read Article] Wednesday 27th of April 2016 02:07:06 AM
....In a sign that house prices are slowing, the housing component of the index rose just 1. 7% over the the year to March – the lowest annual increase since December 1998. ...
Job market catches up with the real UK economy image
Source : Guardian [Read Article] Wednesday 20th of April 2016 09:48:59 AM
....What’s more, wage growth remains muted. Less generous City bonuses – down by more than 12% year on year – were the reason the headline annual increase in average earnings dropped from 2. ...
Buy-to-let landlord surge ignites chain reaction in housing market image
Source : Guardian [Read Article] Sunday 17th of April 2016 11:01:00 PM
....Rightmove’s figures, which are based on homes listed on the site during the past four weeks, show that sellers in all parts of England and Wales are asking more for their homes than those marketing their properties in April 2015. The largest annual increase was recorded in the east of England, where the average asking price is up by 10. ...
Buy-to-let lending up 60% ahead of stamp duty changes image
Source : Guardian [Read Article] Wednesday 13th of April 2016 12:41:23 PM
....“Prices for first-time buyers are still at sky-high levels – with the average price of a starter home at £176,281 in February, a 9. 8% annual increase – but today’s data shows that lenders are providing the funds for many of them to get on the property ladder, and help to buy has played an important role in this. ...
California on track for $15 minimum wage image
Source : BBC [Read Article] Thursday 31st of March 2016 10:18:33 PM
.... . Republicans had said the annual increases, eventually tied to inflation, would give California an image of being hostile to business. ...
Property prices skyrocket in towns near London image
Source : Guardian [Read Article] Wednesday 30th of March 2016 12:21:10 PM
....5%, more than double the national average, with the typical price of a property in the capital now £530,368. However, several towns and areas notched up stronger growth than that: Slough in Berkshire topped the table with a 19% annual increase, lifting the typical price-tag to around £236,000. ...
Source : Reuters [Read Article] Wednesday 30th of March 2016 12:20:55 PM
....The ONS will publish more recent data in June. House prices are important for many Britons, as their home is often their largest single asset and annual increases in its value can sometimes exceed their annual salary. ...
Source : Reuters [Read Article] Wednesday 30th of March 2016 12:20:55 PM
....The ONS will publish more recent data in June. House prices are important for many Britons, as their home is often their largest single asset and annual increases in its value can sometimes exceed their annual salary. ...
UK inflation unchanged at 0.3% image
Source : Guardian [Read Article] Tuesday 22nd of March 2016 11:19:52 AM
. Fears of a rise in UK inflation have proved unfounded after the latest official figures showed the annual increase in the cost of living unchanged at 0. ...
National house price gap widens image
Source : BBC [Read Article] Tuesday 22nd of March 2016 10:19:37 AM
....Various surveys have suggested a pick-up in UK house prices after last summer's lull. The ONS said that property price rises in England were driven by an annual increase in the South East of England (up 11. ...
What the 2016 budget means for you image
Source : Guardian [Read Article] Wednesday 16th of March 2016 06:42:36 PM
....2016-­17 The rise in state pensions and pension credit means this couple now receive £237. 55 a week – an annual increase of £348, putting them among the biggest winners this year. ...
City news: Small pubs, rise in spending and John Lewis bonuses  image
Source : Daily Express [Read Article] Monday 7th of March 2016 12:01:00 AM
....2 per cent on the year, with the sharpest increase recorded in the hotels, restaurants and bars sector, which recorded a 13. 6 per cent annual increase. ...
Public sector pensions 'worth five times more than private sector pensions' image
Source : Daily Express [Read Article] Thursday 3rd of March 2016 05:05:00 PM
....The calculations assume the nurse will typically contribute 7. 1 per cent of their salary each year and achieve four per cent annual increases in pay over the course of their career. ...
Private health cover: governments only care about rising costs when they're paying, not you | Amy Corderoy image
....5% versus about 8%). Against this backdrop, the government basically said “we are not going to put up with premiums rising so much anymore”, forcing the industry to re-submit lower requests and achieving a four-year record low in the annual increase. ...
Consumer borrowing shows biggest increase for a decade image
Source : Guardian [Read Article] Monday 29th of February 2016 12:07:59 PM
....UK consumers have “rediscovered their zeal for borrowing” according to economists, as latest official figures showed unsecured borrowing rose by 9. 1% in the 12 months to January - the biggest annual increase for a decade. ...
Richest fifth in the UK worse off since financial crash, official figures reveal image
....7%) between 2007-08 and 2014-15 to reach £21,000. This was helped by a number of factors, including the fact that annual increases in the basic state pension are protected by a “triple lock”. ...
Why we must reform rules on frozen overseas pensions image
Source : Guardian [Read Article] Saturday 13th of February 2016 07:00:00 AM
....On leaving the country to move to one of 122 different­ nations around the world – many of them Commonwealth countries including Australia, Canada, New Zealand and South Africa – the state pension entitlement is frozen at the point of departure. This means it doesn’t benefit from the annual increase in line with inflation that pensions in the UK receive. ...
Great start to year for businesses, says Lloyds report image
Source : Daily Express [Read Article] Monday 8th of February 2016 12:01:00 AM
....Consumers’ spending in January was up by 2. 7 per cent across the UK year-onyear in January, marking the strongest annual increase since May last year, according to the Visa Europe UK Consumer Spending Index. ...
VW loses out as new car sales accelerate again image
Source : Telegraph [Read Article] Thursday 4th of February 2016 01:30:48 PM
.... “Providing consumer confidence remains strong, we expect a more stable 12 months ahead, broadly similar to 2015 which was a record year,” he added, referring to the 2,633,503 new cars handed over last year, a 6. 3pc annual increase and the fourth consecutive year of growth, breaking the previous record set in 2003. ...
House price growth 'rises to 9.7%' image
Source : BBC [Read Article] Thursday 4th of February 2016 09:13:49 AM
....The Halifax said that the average cost of a house or flat in the UK had now risen to £212,430. However, rival lender Nationwide has said the annual increase in the year to January was just 4. ...
Source : Reuters [Read Article] Thursday 4th of February 2016 08:46:14 AM
....7 percent higher than a year ago, compared with a 9. 5 percent annual increase in December, Halifax said. ...
Property prices rise across the country as demand outstrips supply image
Source : Telegraph [Read Article] Friday 29th of January 2016 12:55:19 PM
.... . After London, the biggest annual increase was registered in the east of England, where prices grew by 10. ...
Average rents in England and Wales 'rose 3.4%' in 2015 image
Source : Guardian [Read Article] Friday 22nd of January 2016 06:30:04 AM
....4% in 2015, driving the cost of a home to its highest level in some regions, according to figures published on Friday. The latest buy-to-let index from estate agents Your Move and Reeds Rain showed the largest annual increase since 2011 pushed the average cost of renting up to £794 in December. ...
Source : Reuters [Read Article] Tuesday 19th of January 2016 10:50:52 AM
....The rise in consumer prices in December was driven by a 26. 8 percent annual increase in airfares, the largest annual rise since 2011. ...
Car insurance costs surge after three years of falling prices image
Source : Telegraph [Read Article] Thursday 14th of January 2016 07:16:13 PM
.... While young drivers have been relatively insulated from the rises, older drivers have seen the most dramatic increases. Men aged between 61 and 65 saw the costs rise 10pc in the final quarter of 2015, and women aged over 71 saw a 19pc annual increase in the cost of their insurance. ...
Is it time for the car industry to ease off the gas? image
Source : Telegraph [Read Article] Saturday 9th of January 2016 02:31:01 PM
.... Registrations – a proxy for sales – showed that the keys to 2,633,503 new cars were handed over in 2015, a 6. 3pc annual increase and the fourth consecutive year of growth, breaking the previous record set in 2003. ...
UK house prices jump 10pc in 2015 to record high image
Source : Telegraph [Read Article] Thursday 7th of January 2016 10:49:59 AM
.... December's 9. 5pc year-on-year rise was also an improvement on the 9pc annual increase recorded in November. ...
UK house prices 'rose 9.5%' in 2015 image
Source : BBC [Read Article] Thursday 7th of January 2016 09:08:52 AM
....UK house prices rose by 9. 5% in 2015, according to the lender Halifax, making it the fastest annual increase in nine years. ...
Labour calls for renationalisation after 'staggering' rail fare rises image
Source : Guardian [Read Article] Friday 1st of January 2016 06:05:23 AM
....1% on Saturday and the shadow transport secretary, Lilian Greenwood, said that would mean passengers being hit by a “truly staggering” rise of up to £2,000 in cash terms since 2010. The Labour leader, Jeremy Corbyn, used the latest annual increase to repeat his call for the nationalisation of train services, claiming it was a scandal that commuters’ money was being used to boost the profits of private firms and foreign state-owned operators. ...
Source : Reuters [Read Article] Wednesday 30th of December 2015 07:21:58 AM
....5 percent year-on-year, up from a 3. 7 percent annual increase in November. ...
Source : Reuters [Read Article] Thursday 24th of December 2015 07:19:14 AM
....Britain's recovery since 2013 has been driven in large part by spending by consumers. Wednesday's data showed household spending rose more quickly than previously thought in the third quarter, helped by the biggest annual increase in disposable income since 2010 as inflation tumbled to zero and wages rose. ...
A Christmas Carol (the modern-day economics edition) image
Source : Guardian [Read Article] Sunday 20th of December 2015 11:24:06 AM
.... Keynesian economics seems incapable of finding a solution to stagflation: a combination of high inflation and rising unemployment. In Britain, the annual increase in the cost of living has reached a peacetime peak of 26%, and before another year is out the Labour government will be forced to obtain a loan from the International Monetary Fund that comes with painful strings attached. ...
Australia, your middle-age bulge is officially a worry | Greg Jericho image
Source : Guardian [Read Article] Monday 14th of December 2015 12:01:05 AM
....And once the first of four 12. 5% annual increases in excise came into effect in December 2014, tobacco and cigarette consumption plummeted – as it always does when there is a big increase in excise. ...
First-time buyer woes: the mortgage adviser hits me with a few 'facts' image
Source : Guardian [Read Article] Friday 11th of December 2015 07:00:12 AM
.... The government waives any interest on its loan for five years, then applies a rate of 1. 75%, followed by annual increases in line with the retail prices index. ...
Zara owner dismisses China slump fears as it reports 20% profit rise image
Source : Guardian [Read Article] Thursday 10th of December 2015 03:13:56 PM
....The company said it added 13,079 new jobs in the past 12 months, of which 3,291 were in Spain – which is still struggling with mass unemployment with more than one in five out of work. Inditex employs 146,478 people globally and any employee with two or more years’ service receives a bonus based on 10% of the annual increase in profits. ...
UK house prices set to rise further as demand outstrips supply image
Source : Guardian [Read Article] Friday 4th of December 2015 12:01:04 AM
....For 2016, he said national growth was likely to slow to between 4% and 6% – which at the top end would add more than £12,000 to the cost of buying – while in London the slowdown will be sharper. House price rises in the capital have already eased since the autumn of last year, when Halifax’s index was showing an annual increase of 21%. ...

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