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Branson calls for Uganda boycott

Branson calls for Uganda boycott | Macro | Scoop.it
UK business tycoon Richard Branson calls on companies and tourists to boycott Uganda after its parliament approves a bill to toughen the punishment for homosexual acts.
Manisha Patel's insight:

This article is about how businessman Richard Branson is boycotting Uganda due to their punishments regarding homosexual acts.

 

Branson owns more than 400 companies worldwide and therefore has a major role in bringing business and investing in countries such as Uganda. If Branson were to withdraw this investment, Uganda would see a fall in their economic growth. Without this investment, people may not be able to support their family or gain an education. WIthout an education, people cannot learn about important social affairs which could change the views of the country and potentially remove acts such as the homosexual acts. 

 

Therefore in the long-run, Branson's move to boycott Uganda will not help the country to move forward from prejudices. 

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Rates 'to stay at 0.5% this year'

Rates 'to stay at 0.5% this year' | Macro | Scoop.it
UK interest rates are unlikely to rise this year, according to a snapshot of views of top economists from the BBC.
Manisha Patel's insight:

the economic objectives are investigated in this economic and what the outcome for each of them is likely to be this year. Unemployment is likely to fall to 7%, wage rates are likely to overtake inflation rates and interest rates will stay constant at 0.5%. These indicators are all pointing towards economic growth this year.

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UK house prices hit record level

UK house prices hit record level | Macro | Scoop.it
House prices across the UK are now at their highest level to date, according to the Office for National Statistics (ONS).
Manisha Patel's insight:

This article provides various indicators that house prices are once again rising, with the concern that a house price bubble is forming again. 

Some of the inflationary effects could be: the government scheme which has just been introduced (Help to Buy Scheme); foreigners coming into the UK e.g middle eastern, who could be willing and able to buy houses at inflated prices just to create their domicile here; salary's are once again increasing in the south-east and large bonuses are being given. 

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The storm has battered Britain – but will barely dent the economy

The storm has battered Britain – but will barely dent the economy | Macro | Scoop.it
Larry Elliott: Plenty of warning and half-term holidays mean the bad weather is likely to have knocked less than 0.1 points off GDP
Manisha Patel's insight:

The article suggests that weather disruptions previously seen in the UK had a negative affect on the country's GDP.

However this article states that the storms recently seen 'is likely to have knockd less than 0.1 points off GDP'. This was mainly due to the advance weather warnings allowing businesses and firms to make the necessary preparations for a smaller workforce, and also because of the half term suggesting much of the workforce will have taken time off anyway and be contributing to the national economy by spending money in restaurants etc. 

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House prices 'rose by 8.4% in 2013'

House prices 'rose by 8.4% in 2013' | Macro | Scoop.it
UK house prices rose by 8.4% in 2013 as the economy started to gain momentum, according to the Nationwide Building Society.
Manisha Patel's insight:

This article is discussing the fast acceleration in house prices in 2013. The article states that the average Uk house price remained 5% below the peak in prices reached in late 2007 which led to a a burst in the housing bubble. The sharp increase in prices is said to be due the supply side not keeping up with the increase in demand for houses. The rising house prices are said to be driven by London e.g. house prices rose in London by 12% compared to 5.5% in the rest of the UK.

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PM rejects Help to Buy bubble fear

PM rejects Help to Buy bubble fear | Macro | Scoop.it
Prime Minister David Cameron hails the success of the Help to Buy mortgage guarantee scheme and denies it is inflating the property market.
Manisha Patel's insight:

This article is discussing the fears of the potential outcome of a housing bubble due to the help to buy scheme. Cameron has denied that the scheme is creating a property bubble since house prices in many areas haven't increased and forecasters do not think house prices will rise to such an extent where a crash will occur. 

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October retail sales growth 'flat'

October retail sales growth 'flat' | Macro | Scoop.it
Retail sales growth halted in October following a big drop in supermarket sales, according to business lobby group the CBI.
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