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Monthly Archives: June 2010

Tighter labour market leads to fall in “sickies”

Employees took an average of 6.4 days off in 2009 as a result of sickness, which is the lowest level since 1987, when the average was 8.2 days. This is according to the CBI/Pfizer Absence and Workplace Health Survey, which also estimated that sick leave cost the economy £16.8bn. The reason for this was undoubtedly due to the tightness of … Continue reading

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“Even worse than we thought.”

This was David Cameron’s take on the UK’s economic situation over the weekend. He said that painful cuts would have to be made which would affect “our whole way of life”. He also added that: “Because the legacy we have been left is so bad, the measures to deal with it will be unavoidably tough …” His argument was that … Continue reading

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House prices still rising in an uncertain market

House prices rose by 0.5% in May according to the latest survey from the Nationwide Building Society. This pushes up the average price of a home in the UK to £169,162 which is an increase of £15,000 on the same month last year. This means that prices have now risen in 12 of the last 13 months. According to Martin … Continue reading

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Foreign direct investment into Europe slows down

Not surprisingly there was slump in global foreign direct investment (FDI) in 2009, with a 36% fall in FDI inflows into Europe. This was due to the economic uncertainty amongst businesses which led to the postponement of investment decisions. This is according to Ernst & Young’s latest European Attractiveness Survey. In Europe the number of projects fell by 11% from … Continue reading

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Service sector disappoints

Service sector sales and profits were poor during the past three months according to a survey released today by the Confederation of British Industry. The survey divides service sector firms into Business and Professional Services such as accountancy, legal and marketing firms, and Consumer Services such as hotels, bars and restaurants, travel and leisure. The value and volume of business … Continue reading

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