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Northerners failing to save as job cuts loom
Four in ten adults in the north of England failed to save over the past two years, widening a north-south ‘savings gap’ and leaving them vulnerable to job cuts
Private sector pay deals rise sharply to 2.8%
Private sector pay settlements rose from 2.2% to 2.8% in the three months to January, compared with September-December, according to an analyst
Construction sector activity picks up
Activity expanded in February at the fastest pace since June, with a pick-up in housing, commercial development and civil engineering, a survey of purchasing managers showed
Data watch
The latest key economic indicators from around the world
UK policy changes could net £3.5bn
London First, a leading business organisation, highlights changes in immigration policy, non-domicile residency and uncompetitive taxes as painless ways to boost the economy
King upbeat on inflationary pressures
Bank of England governor forecasts that inflationary pressures will recede by the summer, after higher taxes and oil prices feed through to consumers
Inflation tempers factory strength
UK manufacturing has started the year strongly but inflationary pressures are growing while a stagnant housing market and slow growth in lending point to a two-speed economy
Business lending expands in January
Approvals rise for new loans to buy homes, but unsecured loans to consumers fall back, while banks’ bad debt write-offs reach a record in 2010, Bank of England data show
House prices stage modest February recovery
Nationwide’s survey shows a rise of 0.3 per cent compared with a fall of 0.1 per cent in January, leaving overall prices slightly lower than where they stood a year ago
Over-65s boost society by £30bn, says study
A challenge to the idea that the elderly are a burden on society, simply pushing up the costs of health and social care, is set out in a study by the WRVS charity
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