Economy News Archive

RBS Bank Send Another 3500 People Into Unemployment

RBS Jobs

RBS To Axe 3500 More Jobs

RBS have just announced further job cuts, this time totalling 3500 people who will be let go from the 84% tax payer backed bank. This has come as a huge shock to the employees who were boosted by news of £1.1 billion half year profits. The total redundancies from RBS have now reached 21,000 and [...]

Monetary Policy Committee will meet this week to reveiw and make decisions concerning the economy.

MPC to Meet This Week and Consider Rate Increase

The Bank of England’s Monetary Policy Committee (MPC) is set to meet again this week. They will be expected to call a vote again to raise the standard base rate. However, this will more than likely be the 18th consecutive month to see the rate hold at 0.5 per cent.

The Ryder Cup 2010

The 2010 Ryder Cup Could Be Worth £70 Million To Wales

It has been forecast that the 2010 Ryder Cup, held at Celtic Manor Golf Club in Wales, could be worth in excess of 70 million pounds to the Welsh Economy. This has also been cited as a conservative estimate, with golf being massively in the public eye at the moment due to Tiger Woods in [...]

Signs warn that economy may be tubling toward a double dip recession.

Warnings Mount That a Double Dip Recession Could Be Near

The warning of a possible double dip recession seemed closer to reality with the latest insight to the state of the economy. The construction industry showed a slowdown in business. Also the service sector cut jobs and housing prices fell. It could be that economic growth will soon disappear and the economy will see another recession.

Transportation alternate to the Tube will have to be considered due to a walkout by workers planned for Monday.

Transportation Strikes to Make Things Difficult in London on Monday

Monday may well be a test in patience for many trying to get to work and about in London due to a union walk out by thousands of Tube workers. The 10,000 union workers plan a 24 hour walkout in protest over the planned cut of 800 ticket office jobs. Talks to avert the strike failed on Thursday to prevent plans for a walkout from going forward.

Rochdale is seeing their ambitious redevelopment plans come to fruition.

Rochdale Secures Redevelopment Funds of 100 Million Pounds

Last year Rochdale announced their plans to redevelop the town centre to become an impressive centerpiece to the town and the largest in England. A portion of the wider scheme has just secured 100 million pounds in funding. Genr8 Developments, the town council’s partner in the regeneration project, secured the funds after closing a deal with the real estate investor company Kajima Partnerships.

The Airbus A-380 affords many luxuries including showers and fine dining.

Manchester’s Investment to Handle Airbus A380 Worth It For Passengers

If you are going to be flying for a considerable amount of time then by all means it should be a comfortable ride. For those willing to shell out extra for comfort when flying from Manchester to Dubai there is no greater luxury to be had commercially than the Emirates Airline’s Airbus A380 Super Jumbo. Usually flying into only London’s Heathrow Airport, the enormous plane touched down at Manchester Airport.