UK retains its lead as a destination for inward investment … but only just.

The UK remains Europe’s top destination for foreign direct investment (FDI) but will be overtaken by Germany within two years unless something is done, according to Ernst & Young’s annual UK Attractiveness Survey published today. The report shows that the UK attracted 679 projects in 2011 creating nearly 30,000 jobs. But, the country experienced a decline of 7% in the … Continue reading

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UK trade gap narrows

The UK’s deficit on trade in goods and services fell from £3.0bn in April to £2.2bn in May. When we look at the component parts we continued to enjoy a surplus on trade in services, which was £4.1bn, which was the same as in April. However, the deficit on trade in goods fell from £7.0bn in April to £6.3bn in … Continue reading

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Angela Merkel slams central banks

Yesterday, the German chancellor, Angela Merkel, hit out at the leading central banks and their policies. Principally, she was gunning for the Bank of England, the US Federal Reserve and the European Central Bank (ECB). She was particularly upset about the policies of “quantitative easing”  which is basically printing money to purchase existing government and corporate bonds with a view … Continue reading

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