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UK firms 'want to stay in Europe'

UK firms 'want to stay in Europe' | AS Economics | Scoop.it
Sam Tindall's insight:

UK businesses would prefer to stay in Europe and reap the economic benefits than leave, with EU membership valued at up to £3000 to each UK household. This is because around half of British exports go to the EU.

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Agrimoney.com | US corn harvest to fall - a little - in 2014

Agrimoney.com | US corn harvest to fall - a little - in 2014 | AS Economics | Scoop.it
Deutsche Bank pencils in a swing by US farmers from corn to soybeans next year, but not one big enough to avoid another large crop
Sam Tindall's insight:

Deutsche Bank predicts that the US corn crop will fall as more acreage is given over to growing soy beans. However 92m acres will still be used for growing corn, only 4m less than 2013. The increased land for growing soy beans has occured due to forcasts of a surge in the use of vegetable oil in US biofuel plants.

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March of the builders

March of the builders | AS Economics | Scoop.it
SINCE the start of the financial crisis Britain's economy has been on a roller-coaster ride. GDP sank 7.2% over six consecutive quarters in 2008 and 2009. It bounced...
Sam Tindall's insight:

Thanks to a huge 2.5% growth in the UK construction industry in the third quarter of 2013, the British economy grew 0.8% in the same period. It is expected for the solid growth to continue, and surveys show that both cosumers and businesses are more upbeat. This may well led to a rise in consumer spending as the economy continues to grow steadily.

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Labour offers living wage tax breaks

Labour offers living wage tax breaks | AS Economics | Scoop.it
Sam Tindall's insight:

Labour plans to offer firms a year long tax break in 2016 if they agree to pay the 'living wage.' The living wage is the amount of money someone needs to earn to cover the basic costs of living, and is around £7.50 an hour, over £1 an hour more than the minimum wage. Labour claim that the paln would see a fall in benefits bills and a rise in tax revenue.

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Palladium Only Precious Metal Higher In 2013 So Far; Analysts See More Gains

Palladium Only Precious Metal Higher In 2013 So Far; Analysts See More Gains | AS Economics | Scoop.it
(Kitco News) - A palladium market already outperforming other precious metals this year surged to a 1 ½-month high Friday, further boosted the last two days by expectations of continued accommodative U.S.
Sam Tindall's insight:

Due to expectations of a supply/demand deficit, palladium is currently the only precious metal whose market is outperforming itself year on year (palladium is up around 5%). All other precious metals have seen strong downward trends.

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Recruiter Hays sees UK labour market improving | Reuters

Recruiter Hays sees UK labour market improving | Reuters | AS Economics | Scoop.it
LONDON (Reuters) - British companies are taking on more permanent staff, recruitment firm Hays said on Thursday, in a sign the country's economic recovery is gathering pace.Hays, which places workers
Sam Tindall's insight:

A 9% rise in fees from permanent jobs and an 8% increase in temporary jobs suggests that the UK's recovery is going from strength to strength. The pick up in permanent jobs was very important, which had been previously outperformed by temporary posts by as much as 5-10% over the past three years.

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Euro loses most since July 2012 | Kitco News

The euro slid the most in more than a year versus the dollar as weaker-than-forecast economic data for the currency region fuelled speculation the European Central Bank will cut interest rates as soon as at its meeting this week.
Sam Tindall's insight:

The euro experienced its biggest fall against the dollar in 16 months, falling 2.3% to $1.3487 per euro. This is due to speculation that the ECB will cut interest rates, following weaker economic data than forecast. 

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UK inflation to remain high 21 October 2013 | ForexLive

UK inflation to remain high 21 October 2013 | ForexLive | AS Economics | Scoop.it
UK energy utility prices to rise underpinning above BOE target inflation
Sam Tindall's insight:

Inflation in the UK looks set to rise as major energy suppliers put their prices up by up to 10%. As energy prices are the biggest factor in UK inflation, it is likely that the rate of inflation will no longer be falling.

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A Jobless Generation: UK Govt Creates Worst Youth Unemployment in 20 Years

A Jobless Generation: UK Govt Creates Worst Youth Unemployment in 20 Years | AS Economics | Scoop.it
Latest figures from the Office for National Statistics (ONS) reveal that the level of long term youth unemployment has reached its worst since 1994.  With 115,000 18-24 year olds out of work for lo...
Sam Tindall's insight:

UK youth unemployment is at its highest level since 1994 (7.7%). In additon to this, many 18-24 year olds are underemployed, struggling to find jobs with sufficient hours or pay, partially due to a rise in 'zero hour' contracts. Around a quarter of jobs today require some form of degree, compared to just 1 in 10 jobs during the 80s.

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'Solid' growth in UK manufacturing

'Solid' growth in UK manufacturing | AS Economics | Scoop.it
Sam Tindall's insight:

The UK's manufacturing sector has continued to grow robustly, which has been helped by a huge rise in export orders, which grew at their fastest pace since Feb 2011. Manufacturing output is growing at around 1%-1.5% per quarter.

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