IoD and CBI slam weak key skills as GCSE passes surge

first_imgTuesday 24 August 2010 7:49 pm RADICAL changes to the current education system are needed to stop underachievement amongst GCSE students, warned industry bodies yesterday, saying that poor literacy and numeracy skills could impede future business growth.Despite record pass rates for the 23rd year in a row with nearly seven in ten grades a C or above, the Institute of Directors (IoD) said that still only half of pupils achieved five good GCSES including English and maths, a pass-rate that would hit organisations’ ability to capitalise on the economic recovery.“Whilst it would be absurd to lay the blame for every skills gap or shortage at the door of schools and colleges, continuing weaknesses in our education system are perpetuating long-standing skills deficiencies, particularly in literacy and numeracy,” said Miles Templeman, IoD director-general.Meanwhile, the Confederation of British Industry (CBI) called on the government to address the low proportion of students taking biology, physics and chemistry together. The CBI said the problem lay within schools, which rarely offered students the chance to study all three together, and that taking up triple sciences is the best preparation for a wide range of careers.“No one wants gifted young people to miss out on future opportunities because they leave science behind at GCSE. The government must address the low proportion of students taking triple science GCSE as a priority,” said Richard Lambert, CBI director-general. whatsapp More From Our Partners Brave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.org‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comWhy people are finding dryer sheets in their mailboxesnypost.comMark Eaton, former NBA All-Star, dead at 64nypost.com Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeNoteabley25 Funny Notes Written By StrangersNoteableyUndoMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUndoBetterBe20 Stunning Female AthletesBetterBeUndoautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comUndoAtlantic MirrorA Kilimanjaro Discovery Has Proved This About The BibleAtlantic MirrorUndoBrake For ItThe Most Worthless Cars Ever MadeBrake For ItUndoTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastUndoElite HeraldKate Middleton Dropped An Unexpected Baby BombshellElite HeraldUndoTrading BlvdThis Picture of Prince Harry & Father at The Same Age Will Shock YouTrading BlvdUndo IoD and CBI slam weak key skills as GCSE passes surge center_img KCS-content whatsapp Share Show Comments ▼ Tags: NULLlast_img read more

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US remains downbeat on economy

first_img US CONSUMER confidence fell to its lowest level since February in September, underscoring lingering worries about the strength of the economic recovery, while home prices dipped in July.The Conference Board’s index of consumer attitudes fell to 48.5 in September from a revised 53.2 in August, hit by a weak labour market and business conditions. This was the lowest level in seven months. The report also showed inflation expectations eased with one year inflation expectations downto 4.9 per cent from 5 per cent the previous month. “With unemployment at a 26-year high and confidence among consumers remaining weak, this decline in sentiment will give the Fed a stronger reason to increase stimulus in November,” said Kathy Lien, director of currency research at GFT in New York.Meanwhile, the S&P/Case Shiller composite index of 20 metropolitan areas, also published yesterday, declined 0.1 per cent in July from June on a seasonally adjusted basis. The dip followed a 0.2 per cent June rise, which was revised down from a 0.3 per cent increase. Prices remain 27.9 per cent below the peak set in mid-2006 but are still some seven per cent above the trough that was hit in April 2009. The data is the latest in a slew of poor US housing market figures and point to further falls.ING’s Teunis Brosens said: “Home sales collapsed in July following the expiry of the homebuyer tax credit. While demand evaporated, supply barely budged. In this environment, price declines are all but inevitable. With demand low and a still substantial supply overhang, further price slippage is highly likely in the coming months.” by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastNoteabley25 Funny Notes Written By StrangersNoteableyMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.com Show Comments ▼ Tags: NULL Tuesday 28 September 2010 10:49 pm whatsapp center_img KCS-content whatsapp More From Our Partners Native American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.org US remains downbeat on economy Sharelast_img read more

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Child benefit proposals hit major hurdle

first_imgThursday 28 October 2010 9:08 pm THE government’s plans to scrap child benefit for higher rate tax payers could be almost impossible to enforce, it emerged yesterday, in the latest saga to hit the controversial reforms. Earlier this month, George Osborne announced plans to axe child benefit for all households that contain at least one higher-rate taxpayer from 2013, saving the exchequer some £2.5bn. The policy, which caused an uproar among the Tory faithful, has been dogged by controversy ever since. But under the existing rules there is no method for establishing whether mothers who receive child benefit are living in a household with a partner that pays tax at the higher 40 per cent rate. Treasury officials are said to believe the policy, which was announced at the Tory conference, will be “unenforceable” as it stands. One civil servant told City A.M. Osborne had failed to consult colleagues at HMRC fully before unveiling the plans. Yesterday, Treasury sources admitted there were no methods to enforce the policy, but insisted measures would be introduced by the time it comes into effect in 2013. Initially, the government will rely on higher rate taxpayers being honest enough to disclose whether their partner is receiving child benefit through a system of self-assessment. HMRC will eventually impose penalties on those higher-rate taxpayers that fail to give up their child benefit. “If you don’t give it up, you’ll be breaking the law, and you’ll be fined,” a Treasury source said yesterday. A spokesperson for the Treasury said: “In line with the administration of tax, HMRC will take action in cases of non disclosure of information which is relevant to a person’s tax affairs. This will include the issuing of penalties.“As we said at the time, the government will bring forward legislation to implement this change in due course.”In a Tweet, chief secretary to the Treasury Danny Alexander said the policy was “completely enforceable” and would be “introduced as planned”. KCS-content Share whatsapp Child benefit proposals hit major hurdle Show Comments ▼ whatsapp by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity Timesmoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island FarmAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCutethedelite.comNetflix Cancellations And Renewals: The Full List For 2021thedelite.comReporter CenterBrenda Lee: What Is She Doing Now At 76 Years of Age?Reporter CenterMartha Stewart CBDShop Martha Stewart’s CBD Products NowMartha Stewart CBD Tags: NULLlast_img read more

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Anglo American continues mine sell-off

first_img KCS-content whatsapp Anglo American continues mine sell-off whatsapp Show Comments ▼ Monday 22 November 2010 7:16 pm Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofNew England Patriots’ Cam Newton says no extra motivation from Mac Jones’SportsnautTortilla Mango Cups: Recipes Worth CookingFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family Proof Share Tags: NULL MINING group Anglo American plans to divest its Callide coal mine in Australia to better focus on high-margin export operations.Callide, located in central Queensland state, primarily supplies coal to domestic power stations.The mine produced 8.8m tonnes of thermal coal in 2009 and has a resource base of more than 1bn tonnes.“The strategy for Anglo American’s Metallurgical Coal business, based in Australia, is to focus on growing its metallurgical coal and high margin export thermal coal businesses,” the firm said in a statement. Earlier this month,?Anglo American announced it was selling two steel businesses in the Americas to OneSteel of Australia for $932m (£600m), as part of its plan to focus on its core commodities businesses.Analysts at Numis welcomed the sale, which they said would allow it to develop its thermal coal business. last_img read more

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Learn the lessons of financial history

first_img Tags: NULL Show Comments ▼ by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMoneyPailShe Was The Dream Girl In The 90s, This Is Her NowMoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesZen HeraldNASA’s Voyager 2 Has Entered Deep Space – And It Brought Scientists To Their KneesZen Heraldmoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCuteTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island Farmthedelite.comNetflix Cancellations And Renewals: The Full List For 2021thedelite.com KCS-content whatsapp whatsapp Thursday 25 November 2010 8:40 pm Learn the lessons of financial history THERE is nothing more enlightening than financial history – yet perhaps the only real lesson of all kinds of history is that we never learn from it. Let me attempt, nevertheless, to draw a couple of key conclusions.The first lesson from market history is that slumps and market crashes can always be much, much worse than nearly everybody’s worst fears. While we have just emerged from a devastating, bitter recession which bankrupted and harmed millions, several aspects of previous crises were worse. The stagflation of the mid-1970s, including the Secondary Banking crisis which destroyed numerous financial firms financed on the wholesale market and invested in property, was in many ways even worse for the City that the disaster of 2007-09. Those few individuals still working today who were already active in the City in the early and mid-1970s always speak of the secondary banking crisis – when the likes of Jessel Securities and Slate Walker collapsed – in hushed, almost reverential tones; to them, it was the scariest times in their lives, financially and economically. As Kevin Dowd and Martin Hutchinson’s new book, Alchemists of Loss, reminds us, the old FT share index dropped from its 1969 and 1972 peak of over 500, and around 400 in late 1973, to just 150 in January 1975. This was a collapse of 70 per cent in nominal terms – and given the rampant inflation at the time, it slumped to a real terms level of under the nadir of 40.4 hit after the 1940 evacuation of Dunkirk, an almost total destruction of value. The FTSE 100 didn’t perform anything like as badly during the recent crisis and neither did stocks in any major rich nation. Next time a market crashes, commentators should remember this: it may be bad or even unbearably terrible but it’s almost certainly been worse. The other big lesson is that we always think we will be cleverer next time, that we won’t be caught out by the next bubble and that our forbears were idiots. The truth, unfortunately, is that very few people maintain their cool when all around them are losing their heads. In retrospect, the mass naivety and stupidity is almost always unbelievable. By late 1989, the grounds of the Imperial palace in Tokyo were worth more than the entire state of California. Japanese ingenuity then went one step further with the introduction of 100-year mortgages, which was the only way a salaryman could ever hope to afford the dementedly high property prices prevalent at the time. Nobody noticed that people don’t frequently work for a century, even in Japan, and that it can’t be moral for a parent to bequest decades of debt to their children and grandchildren. It made sense at the time – just as the world’s cleverest merchants seemed quite relaxed about the fact that 12 acres of prime farm land in Holland was offered up for a single tulip bulb at the heart of the mania of 1636-37.So what about today’s world will future generations think is crazy? Perhaps the fact that we have near-zero Bank base rates and yet believe that inflation is going to remain under control (or even, as many households seem to think, that such low rates will remain for the foreseeable future). Or that we have convinced ourselves that London property prices are fairly valued again? Or that it is right that gilt and bond yields in the UK and US are so ridiculously low? Take your pick. [email protected] Sharelast_img read more

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Telegraph may hide content behind paywall

first_img whatsapp Telegraph may hide content behind paywall Tuesday 30 November 2010 8:18 pm Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryUndoTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastUndoMoneyPailShe Was Famous, Now She Works In {State}MoneyPailUndoSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesUndoPeople TodayNewborn’s Strange Behavior Troubles Mom, 40 Years Later She Finds The Reason Behind ItPeople TodayUndoMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan TimesUndoElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldUndoHealthyGem”My 600-lb Life” Star Dropped 420 Pounds, See Her NowHealthyGemUndoZen HeraldNASA’s Voyager 2 Has Entered Deep Space – And It Brought Scientists To Their KneesZen HeraldUndo More From Our Partners Police Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.org980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.com Show Comments ▼ KCS-content center_img whatsapp Share Telegraph Media Group could soon hide its free online content behind a paywall.Executives at the Telegraph publisher are drawing up plans to follow Rupert Murdoch’s News International in charging for online content.It is understood the Telegraph will offer a combination of free and paid-for content, although no final decisions have been made.The Telegraph currently hosts the third most popular newspaper website in the UK, with 33.9m unique users a month, compared to 50m at the Daily Mail and 37.5m at the Guardian.A Telegraph Media Group spokesperson said: “Like all publishers, TMG continually evaluates the developments in the digital sector. No decisions have been made on the introduction of a paid-content model.”The Times newspaper last month announced it had taken 105,000 digital sales of its online content since it erected its controversial paywall in July.The number includes a series of heavily discounted “early adopter” offers and day passes, as well as iPad and monthly subscription sales. Tags: NULLlast_img read more

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Clash over female targets

first_img whatsapp by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBetterBe20 Stunning Female AthletesBetterBeMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan TimesElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldHealthyGem”My 600-lb Life” Star Dropped 420 Pounds, See Her NowHealthyGemmoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.com Wednesday 15 December 2010 8:25 pm Show Comments ▼ KCS-content Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofNew England Patriots’ Cam Newton says no extra motivation from Mac Jones’SportsnautChicken Bao: Delicious Recipes Worth CookingFamily ProofCheese Crostini: Delicious Recipes Worth CookingFamily Proof Clash over female targets center_img whatsapp Tags: NULL Share THE Institute of Directors (IoD) yesterday slammed the CBI’s “quick-fix” suggestions to introduce more women onto the boards of companies, believing that forcible diversification would constrain British industry. The CBI is proposing that all listed companies should be required to report on boardroom diversity. While stopping short of requiring firms to have a quota of women on boards, it means companies would have to set internal female quotas and would be forced to explain if they fall short of this figure. The CBI is calling for its proposal to be added to the UK Corporate Governance Code.But the IoD’s director general Miles Templeman said that the CBI’s proposal would risk the UK corporate governance code becoming “politicised and removed from commercial realities”. He warned that a reliance on forced gender diversity would impact on other dimensions of diversity that are necessary in the boardroom, including experience, personal background and actual ability. last_img read more

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Analyst views: what does the news mean for astrazeneca?

first_img Share Tuesday 21 December 2010 8:26 pm KCS-content whatsapp Analyst views: what does the news mean for astrazeneca? SAVVAS NEOPHYTOU | PANMURE GORDONIt’s never a good sign when a pipeline asset is withdrawn, but this is financially fairly painless. It’s more evidence of AstraZenca’s struggle with its pipeline delivery.MIKE MITCHELL | SEYMOUR PIERCEIt shows that AstraZenca’s strategy is higher risk than previously thought. Regulatory hurdles are hitting hard, and it has less experience in emerging markets than peers.JEREMY BATSTONE-CARR | CHARLES STANLEYThe price drop since the Brintilla news was more sentiment-led than due to a change in earnings. But the decision raises questions about medium-term options. whatsapp Show Comments ▼ Tags: NULL Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofChicken Bao: Delicious Recipes Worth CookingFamily ProofCheese Crostini: Delicious Recipes Worth CookingFamily ProofHomemade Tomato Soup: Delicious Recipes Worth CookingFamily Prooflast_img read more

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Mothercare sales hit by bad weather

first_img whatsapp whatsapp KCS-content Thursday 6 January 2011 8:16 pm by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBeElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldHistorical GeniusHe Was The Smartest Man Who Ever Lived – But He Led A Miserable LifeHistorical Geniusmoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.com Sharecenter_img Show Comments ▼ MOTHERCARE has issued a profit warning after the winter weather dented its performance over the Christmas period.Like-for-like sales in the last three months of 2010 fell 5.8 per cent at the mother and baby retailer as the snow and ice took its toll, it said in a trading statement yesterday.Toy sales were hardest hit after the firm cut off Christmas online orders early to ensure delivery.The retailer said the poor weather had badly hit its out-of-town shopping centres. It warned that annual gross profits from the UK would be lower than the £41m previously stated, adding that the consumer environment remained “difficult”.However, the firm has continued to see strong growth in its international business where sales grew by 17.6 per cent between September and January compared with the same period a year earlier.Ben Gordon, Mothercare’s chief executive, said: “In the UK, after a strong start to the quarter, sales were impacted significantly by the adverse winter weather conditions.”Keith Bowman, equity analyst at Hargreaves Lansdown said: “Despite growing international sales, an already challenged UK business now forms another weather victim.“The group’s shift towards out-of-town premises appears to have worked against it, while like rival Next, the fragilities of time critical direct online Christmas sales have been exposed.” Other retailers, including Next and HMV, blamed poor weather on their disappointing sales figures when they updated the market earlier in the week. Mothercare sales hit by bad weather Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofThe Truth About Bottled Water – Get the Facts on Drinking Bottled WaterGayotBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofChicken Bao: Delicious Recipes Worth CookingFamily ProofCheese Crostini: Delicious Recipes Worth CookingFamily Proof Tags: NULLlast_img read more

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Factory boom to boost the UK economy

first_imgSunday 9 January 2011 10:38 pm Factory boom to boost the UK economy BRITAIN’S factories will continue to drive the economy forwards this year, manufacturers’ association the EEF said today.The sector exceeded expectations by growing 3.8 per cent in 2010 and will expand by a further 3.5 per cent this year, the group predicted in its 2011 economic forecast.Exports, particularly to emerging markets, will be key for UK manufacturing and for the recovery as a whole, the report said.China, India, Brazil and Russia are each responsible for between four and 14 per cent of the UK’s export growth since the final months of 2009. And emerging markets’ economies will expand by almost six per cent this year, said the EEF.Manufacturing exports were up 11 per cent last year, the report said, and will rise by a further eight per cent this year as the recovery continues.Official figures on the UK’s trade balance are released this Wednesday.Overall UK growth will measure a strong 2.1 per cent, the EEF predicts. But it says the government must stop small and medium-sized enterprises being thwarted by regulation and tax.“The government’s resolve to clear away obstacles to growth must be demonstrated,” said Lee Hopley, EEF chief economist, referring to the government’s delayed growth review, now expected to be released alongside chancellor George Osborne’s next Budget.Manufacturing activity accelerated at its fastest rate for 16 years last month, while other sectors struggled under the impact of the snow. The factory industry currently contributes around 12.8 per cent to British GDP.The UK has “a strong international position in many higher value areas such as pharmaceuticals and aerospace,” the British Chambers of Commerce has said.Spending cuts will deliver greater market confidence in the UK government’s ability to control the deficit, 45 per cent of manufacturers told EEF. However, almost 20 per cent of manufacturers think the cuts will lead to a drop in orders in 2011, particularly as a result of defence cuts.The report expects a boom in private services employment to offset falls in government sector employment, despite a rise in unemployment this year.“In 2012, the unemployment rate is likely to slowly fall as the recovery builds,” the report said. “The economy is expected to be stronger in 2012 compared with 2011.” Show Comments ▼ KCS-content whatsapp Share by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBeElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldZen HeraldThe Truth About Why ’40s Actor John Wayne Didn’t Serve In WWII Has Come To LightZen HeraldAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCute whatsapp Tags: NULLlast_img read more

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