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News for December 2010

Bank Lending Stalemate

13 December 2010

A Bank of England study has today accused banks of jeopardising the recovery due to its failure of making credit available to households and businesses. At the same time the Business Secretary, Vince Cable, has repeatedly demanded that banks help to aid the recovery. This is all very confusing. The UK taxpayer now effectively own […]

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UK Manufacturing Index at a 16 Year High!

1 December 2010

It was announced this week when the UK purchasing managers’ index for manufacturing reached a 16-year high in November as exports surged and companies added jobs at a record pace. The index, based on a survey of manufacturing companies, reached a level of 58, up from 55.4 in October, and the highest since September 1994. […]

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