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Monthly Archives: February 2012

Net migration to the UK has stabilised

In the year to June 2011, net migration to the UK was 250,000 which follows a peak in the figures of 255,000 to September 2010, according to figures published today by the ONS. It is estimated that total long-term immigration to the UK in the year to June 2011 was 593,000, which compares to a 582,000 in the year to … Continue reading

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African free trade area by 2017?

African leaders are now calling for a continental free trade area, a measure which is backed by a new World Bank report which shows that African countries are losing out on billions of dollars in potential trade earnings due to high trade barriers with neighbouring countries. The Bank found that it is easier for Africa to trade with the rest … Continue reading

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UK government may beat its borrowing target

The public sector current budget was in surplus by £11.8bn in January (excluding financial interventions involving rescues in the banking sector). This was £2.5bn higher than in the previous January. It is not surprising that a surplus was seen in January as this is historically a month when high tax receipts are seen due to self assessment tax returns falling … Continue reading

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OECD GDP growth slows sharply to 0.1% in the fourth quarter of 2011

Quarterly gross domestic product (GDP) growth in the OECD area decelerated sharply to 0.1% in the fourth quarter of 2011, against 0.6% in the third quarter, according to provisional estimates released this morning by the OECD. The OECD total masks diverging patterns however. In the United States, GDP growth accelerated to 0.7% in the fourth quarter of 2011, compared with … Continue reading

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Surprising rebound in UK manufacturing

Good news for the UK manufacturing sector. Output expanded in January at the fastest rate since March 2011. There was an increase in new orders together with a stabilisation in employment. Also, average input prices fell for the third month running causing an easing in the cost pressures which had been facing the sector. These findings are from the Markit/CIPS … Continue reading

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