Businesses and consumers still wary about economy

A recent report has suggested that business and consumers across the UK are still wary about the outlook for the economy, despite assurance that the economy is heading towards some degree of recovery. Although various industry groups and government officials have tried to make the economic outlook appear to be somewhat brighter than many people see it, to many consumers and businesses the fragility of the economy means that any recovery could quickly be overturned. Read more

Tags: Confederation of British Industry, consumer confidence, BDO, Consumer behaviour, bank of england

Warning over further job losses from Bank of England

The Bank of England has warned that the UK could be in line for another wave of job losses as a result of productivity falling faster than wages. The central bank claims that this could result in further job losses in the New Year, which would come as a huge blow given the many jobs that have already been lost during the recession. Read more

Tags: Labour, unemployment, huge blow, Confederation of British Industry, job losses, number, central bank claims, bank of england