Still no "green shoots of recovery"

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Re: Still no "green shoots of recovery"

spike
I think MP's should be paid by results (PBR), that should cut the wage bill by 99%.
Socialism or Barbarism
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Re: Still no "green shoots of recovery"

Romfordian
They will find a way to fiddle the figures
Not a party activist but WAS a Labour supporter
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Re: Still no "green shoots of recovery"

confused of hornchurch

More signs of economic recovery, but try convince the workers.

 November 2013 Last updated at 17:41 Share this pageEmail Print Share this page

BAE to cut possibly more than 1,000 UK shipyard jobsBAE System's Govan shipyard will not be closed.

BAE Systems is to cut potentially more than 1,000 jobs from three of its UK shipyards at Govan and Scotstoun in Glasgow and at Portsmouth.

The BBC has learned that major job losses at the yards will be announced by the company later this week.

Some of the jobs being lost may be offset by a contract to build the new Type 26 Global Combat Ship.

BAE Systems, however, has yet to announce which of its UK shipyards will be chosen to carry out the work.

BBC Political Editor Nick Robinson said the announcement by BAE Systems is expected on Thursday morning and will be followed later that day by a Commons statement from the defence secretary.

Continue reading the main story

Start Quote
A well-placed source told me that the government was "acutely conscious of the politics of the Clyde" ahead of next year's Scottish Independence referendum”
End Quote image of Nick Robinson
Nick Robinson
 
Political editor
 
--------------------------------------------------------------------------------

Read more from Nick

He understands that BAE's Govan shipyard will not close despite the fact that the possibility has been discussed behind the scenes in recent weeks.


The economic upturn, giving hope at Christmas.
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Re: Still no "green shoots of recovery"

confused of hornchurch

Confirmation of the economic miracle?


Shipbuilding to stop at Portsmouth but jobs could be saved if Scotland votes for independence.

1,775 jobs to be lost as BAE systems shuts historic Portsmouth dockyard but saves Scottish sites ahead of independence vote
 
By  Georgia Graham, Political Correspondent

11:31AM GMT 06 Nov 2013

Shipbuilding is to end at the historic BAE systems dockyard in Portsmouth but the decison will be reversed if Scotland votes for independence, Downing Street sources said.


BAE systems is to axe 1,775 jobs across its naval ships business it has announced. 940 jobs will be lost in Portsmouth on the South Coast and a further 835 in Glasgow, Rosyth and Filton, near Bristol.
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Re: Still no "green shoots of recovery"

Phil Wailing
Cameron must be praying for the Scott's to vote for independence - That would be 59 MP's removed from Westminster - 41 Labour - 11 LibDem - 6 SNP and 1 Conservative.

Cameron would now have a majority.
We haven't inherited the earth from our parents, we have borrowed it from our children.
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Re: Still no "green shoots of recovery"

confused of hornchurch

It must be part of the 2015 election strategy.
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Re: Still no "green shoots of recovery"

confused of hornchurch

Desperate times, desperate measures.


ECB surprises markets by cutting eurozone interest rates to 0.25%

European Central Bank cuts interest rates by a quarter of a percentage point amid fears over deflation in the currency bloc

Heather Stewart

theguardian.com, Thursday 7 November 2013 13.26 GMT

Borrowers across the struggling eurozone economies received an unexpected fillip on Thursday when the European Central Bank cut interest rates by a quarter of a percentage point, in a bid to stave off a slide into deflation.

After its monthly policy meeting in Frankfurt, the ECB's governing council announced that it would reduce its key refinancing rate to 0.25%, from 0.5%.

Mario Draghi, the ECB's president, who will explain the bank's decision at his regular press conference later on Thursday, had been expected to leave rates unchanged.

But with inflation running well below the ECB's 2% target, at just 0.7% in October, a growing number of analysts have started to warn that deflation – which can be disastrous for economies carrying a heavy debt burden – is a real threat.

The recent strength of the euro against the dollar, which has tended to weaken since the Federal Reserve mooted the idea of "tapering" its $85bn (£52bn) a month quantitative easing programme, has also raised fears in some euro member-countries about the competitiveness of the zone's exports on world markets.
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Re: Still no "green shoots of recovery"

confused of hornchurch

Britain's trade deficit in goods at widest level in almost a year

Economists say data provide "stark reminder" that Britain's recovery remains unbalanced, with trade in goods likely to drag down overall growth

Britain's goods trade deficit grew to its widest level in almost a year in September, in what analysts said was

Less volatile quarterly data showed that Britain's goods trade deficit increased by £3.8bn to £29.1bn in the three months to September 30 compared with the previous quarter. Exports to countries within the EU increased by 1.8pc to £39.2bn, while exports to outside the EU fell by 8.6pc to £36.5bn. Photo: AP

By  Szu Ping Chan

11:36AM GMT 08 Nov 2013

Britain's goods trade deficit grew to its widest level in almost a year in September, in what analysts said was "stark reminder" that the UK recovery remains unbalanced.


The goods trade deficit grew to £9.82bn in September from £9.56bn in August, the Office for National Statistics said on Friday. This was the widest gap since October 2012 and against economist expectations for a gap of £9.2bn.


Including Britain's £6.5bn trade surplus in services, the overall trade deficit widened slightly to £3.27bn.


September's fall was mainly driven by a decline in exports of ships, aircrafts and materials, which fell by 24pc on a month-on-month basis. Goods exports to the European Union decreased by £300m to £12.6bn, while exports outside the EU rose by £100m to £12.5bn.
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Re: Still no "green shoots of recovery"

Independent man
Could it be that Double Dip Dave is talking up ecnomic growth when there are plenty of signs that it is not the case.
Drop that Drip Double Dip Dave
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Re: Still no "green shoots of recovery"

confused of hornchurch

I'm sure he is, it's the only chance he has of re-election.

If the working/middle classes  don't have a 'feel good factor' come the next elections it's game over for him and his chancellor.
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Re: Still no "green shoots of recovery"

Independent man
Its all a big power game at our [joe public] expense.
Drop that Drip Double Dip Dave
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Re: Still no "green shoots of recovery"

Percy.
The only growth in Exports was with the non EU sector.The EU is broke and they have now lowered interest rates to .25% half the rate in the UK.No hope for savers any more in Europe and it will maybe get to the level in Japan where the banks charge no interest at all just a service fee.
Unless they come up with some radical solution like clearing the worlds debt completely then capitalism is doomed.
“The fool doth think he is wise, but the wise man knows himself to be a fool.”




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Re: Still no "green shoots of recovery"

confused of hornchurch

Flybe Cuts 500 Jobs In Further Cost Slash.
 
Regional carrier Flybe warns it will review all areas of its business for further cuts after announcing 500 more jobs are to go.

10:11am UK, Monday 11 November 2013

A Flybe aircraft lands at Edinburgh Airport in Scotland
Regional carrier Flybe has announced a series of cost-cutting attempts
 

Flybe has warned that it plans to axe another 500 jobs in the latest round of cost-cutting at the struggling regional airline business.

The Exeter-based carrier's new chief executive, Saad Hammad, will also review unprofitable routes and bases and improve aircraft and crew utilisation.

It currently employs around 2,700 people, with some 650 staff having left the business since last January.


650 gone and another 500 to go soon, where are these "green shoots of recovery"???
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Re: Still no "green shoots of recovery"

confused of hornchurch

More signs of the 'buoyant' economy?


New Woes For Barratts Shoes And Blockbuster
 
Barratts Shoes enters administration on the same day it appears to be curtains for struggling movie rental chain Blockbuster.

1:36pm UK, Monday 11 November 2013

More than 3,000 jobs are at risks of being cut after high street names Blockbuster and Barratts Shoes announced they had entered administration.

Blockbuster has appointed Moorfields Corporate Recovery as administrator and currently employs around 2,000 people and operates a chain of 264 stores.

It comes a month after owner Gordon Brothers said its plan to turnaround the retailer's fortunes failed amid the move towards online movie rentals and on-demand TV.

Joint administrator Nick O'Reilly said: "Gordon Brothers found the market place had changed quite dramatically.

"A lot of people want to rent online while the price of DVDs on places like Amazon is so cheap why rent for £3 when you can buy for £15?"

Barratts Shoes has gone into administration for the third time in four years, putting more than 1,000 jobs at risk.

Directors at the Bradford-based chain were left with no choice after an investor pulled out of a plan to inject £5m at the end of last week as the company sought to shore up its finances, according to a statement.
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Re: Still no "green shoots of recovery"

confused of hornchurch


Shop thefts rise as economic downturn bites

Retailers and supermarkets report surge in the theft of high value fresh food – part of £3.4bn loss to crime last year.

Rebecca Smithers, consumer affairs correspondent

theguardian.com, Tuesday 12 November 2013 07.05 GMT

Shoplifting, employee and supplier fraud, organised retail crime and administrative errors cost the UK high street more than £3.4bn last year and lost retailers 1.2% of their sales, according to a new report.


Retailers and supermarkets reported a surge in the theft of high value fresh food – including meat, cheese and fresh coffee – as a result of the economic downturn, according to the 2012-13 Global Retail Theft Barometer.


The report, by Euromonitor International, a consumer market research company, and financed by global security company Checkpoint Systems, said the losses amounted to an average of £124.60 per household.


Shoplifting represented the biggest problem to UK retailers, accounting for 36% of total losses, or £1.224bn. However, theft by employees was also a major concern, accounting for 33% of the overall figure. Administrative and non-crime losses and supplier fraud were estimated at 25% and 6% of the total amount respectively.


In the UK, food theft has increased in the past 12 months, possibly due to huge pressure on family finances. Products such as mature cheddar cheese, fresh meat including gammon joints and fresh coffee were among the most stolen items.


Russell Holland, UK general manager of Checkpoint Systems, said: "Over the last year, retailers have certainly been making great strides in the fight against retail crime. However, times are still tough for many families across the country, hence the increase in theft of high value foodstuff such as fresh meat and cheese.
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Re: Still no "green shoots of recovery"

confused of hornchurch
If you can't stand the heat.

Sir Hector Sants resigns from Barclays

The former head of the banking regulator has resigned from Barclays, just a month after taking sick leave for stress

Hector Sants

Hector Sants has resigned with immediate effect from Barclays, a month after going off on sick leave.
James Quinn

By  James Quinn, Financial Editor

1:30PM GMT 13 Nov 2013
Sir Hector Sants, the head of the Financial Services Authority throughout the financial crisis, has resigned from Barclays just a month after taking sick leave for stress.


Sir Hector, who joined the British bank in January as head of compliance and government and regulatory relations, has resigned with immediate effect.


In a statement, the bank said that he had concluded he would not be able to “return to work in the near term.”


The former regulator was placed on sick leave on October 15, as a result of being diagnosed with “exhaustion and stress.”


He was originally signed off work until the New Year, after being told he risked more serious consequences to his health if he continued to work.
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Re: Still no "green shoots of recovery"

confused of hornchurch

More evidence of economic recovery?


Barclays Bank 'To Axe 1,700 Branch Jobs'
 
The trade union Unite describes the bank's apparent decision as a "colossal mistake" that will hit customer service.

5:44pm UK, Thursday 14 November 2013

Barclays move attacked
Barclays has more than 1,700 branches across the UK
 
Barclays is to slash 1,700 jobs from across its branch network, the trade union Unite has said.

The number of cashiers, personal bankers, managers and assistant managers employed by the bank will be cut throughout 2014, the union claimed, describing the apparent decision as a "colossal mistake".

Dominic Hook, Unite's national officer, said: "These employees deliver high levels of service that customers of the bank benefit from.

"Such a massive reduction will be very detrimental to the bank and will also be hugely challenging for the staff remaining."
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Re: Still no "green shoots of recovery"

Percy.
Really? I don't think I have visited my bank in a year.I mail them bank on line and pay by direct debit.The reason they give is due to the increase in electronic banking and it has to be true.I used to queue in my bank for long times.Now I don't have to.
People like me are the reason for bank layoffs.
“The fool doth think he is wise, but the wise man knows himself to be a fool.”




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Re: Still no "green shoots of recovery"

confused of hornchurch


Autumn high street sales slump 'because real wages are falling'
   14 Nov 2013 19:34      

October’s retail sales were 0.7% down on September, sparking fears that a slowdown could hit economic growth this quarter
 
Fall: Shop sales Fall: Shop sales
 
Cash-strapped Britons took a breather from shopping last month and caused a surprise fall in high street sales.

October’s retail sales were 0.7% down on September, when analysts were expecting flat figures, sparking fears that a slowdown could hit economic growth this quarter.

Economist Jeremy Cook, of currency broker World First, said: “The major factor is clearly the impact of falling real wages.”

Non-food sales fell 1.3%, with textile, clothing and footwear sales down 2.8%. It follows remarks from fashion retailers, including Topshop owner Arcadia, that the warm start to autumn had hit sales of winter clothing.

Supermarket sales fell for the third month, down 0.1%. But department store sales were up 1.3% as an early Eid attracted more Middle Eastern shoppers.

Analyst Howard Archer, of IHS Global Insight, said the drop “indicates consumers are taking at least a temporary breather after spending at a robust rate during the third quarter”.


Check out all the latest News, Sport & Celeb gossip at Mirror.co.uk http://www.mirror.co.uk/money/city-news/autumn-high-street-sales-slump-2792524#ixzz2khKfpmkR 
Follow us: @DailyMirror on Twitter | DailyMirror on Facebook
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Re: Still no "green shoots of recovery"

confused of hornchurch

Jobs At Risk As Tie Rack Exits High Streets
 
Another prominent high street name is set to disappear with the closure of Tie Rack's 44 UK shops, Sky News learns.

3:12pm UK, Tuesday 19 November 2013

Tie Rack Website
Tie Rack is currently offering 25% discounts on web purchases
 

By Mark Kleinman, City Editor

The owners of Tie Rack will on Wednesday begin shutting down the chain's UK shops in a move likely to spell the death of the brand on British high streets.

Sky News has learnt that Tie Rack's investors have decided to bring the curtain down on the well-known retailer's remaining 44 UK stores, more than 30 years after the company was founded.

The move could threaten up to 200 jobs.
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