....Economists have warned that the UK's productivity continues to lag behind its major trading partners such as the US, France and Germany. ONS head of productivity Philip Wales said: "UK labour productivity growth has struggled since the 2008 economic downturn
, and the fall in the first quarter of 2017 brings to an end a recent run of quarters of positive growth. ...
[Read full article on BBC
Wednesday 5th of July 2017 02:16:37 PM
....Last week the Bank of England said it was concerned about rising consumer debt, warning that this posed a risk to the stability of the banking sector. In its financial stability report, the central bank, which is the main regulator for the financial services industry, said that over the past 10 years the banking sector’s total write-offs on consumer credit were 10 times higher than on mortgages, and that figure was likely to increase should the UK suffer an economic downturn
[Read full article on Guardian
Sunday 2nd of July 2017 10:44:35 AM