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No US trade war against UK banks: King

Sir Mervyn King, who is the governor of Bank of England was of the view that he does not believe that the regulators of the United States of America are engaging in a trade war against the banks of the United Kingdom in the wake of allegations against Standard Chartered. While speaking at the launch of the latest inflation report of the bank that has cut down their forecasts of the mid-term for the... 

Is Economy Of Britain Going Back To The 70s

16-07-2012 – Surrey, Kingston Upon Thames – (Kazor.com) - Almost 40 years ago the rise in the bills of fuel, the prices of food that are increasing as well as a double-dip recession is having its affect on each and every family. This thing might sound familiar to many peoples in the country. The Queen’s Jubilee, the double-dip recession as well as increased prices of the fuel, all... 

Ban on hosepipe in United Kingdom due to less rainfall

(Kazor.com) – According to the revelation of Daily Mails nearly twenty million homes will be hit with hosepipe bans to cope with the worsening drought. A total of seven firms are introducing water restrictions as a result of two unusually dry winters which have left reservoirs, aquifers and rivers well below normal levels. In South and East of England water companies will announce restrictions... 

A first round of QE pushed gilt yields down

(Kazor.com) - The National Association of Pension Funds (NAPF) has said that QE disappointed the yield on UK government bonds which is known as gilts is a staple investment for pension funds, making it more expensive to pay for future liabilities. Britain’s central bank expanded its stimulus measures by 125 billion pounds to try and kick-start economic growth, pushing yields on longer-dated debt... 

Stress in Euro Area Worries IMF for further slump in economy

Kazor.com) - The IMF’s report prepared for the Group of 20 nations affirms that the global economy is going to face a major downside risks again in near future as its recovery is still under a big threat due to the stresses in the Euro area. A surveillance report presented at the G-20 summit of finance minister of member countries and governors of Central Bank held in Mexico City on February 25-26... 

UK manufacturing grows despite a slight slowdown

(Kazor.com) - A small growth is seen by the manufacturers of Britain in the month of February. There was a steady recovery of the sector is reducing the need for more stimulus from the central bank because the economy is slowly moving out of the danger zone. Governor Mervyn King including some policymakers of Bank of England believes that this week played down the likelihood of another cash boost.... 

Greece on the way to get second bailout from Euro Zone

(Kazor.com) - The governments of the nations that are a part of euro zone have come forward to help out Greece. They have done this by giving an approval for a second bail out which is worth 110 billion pounds with the help of which the economy of the country that is a lot of trouble is going to get out of it in a slow manner. This decision was taken after a discussion for months. The last and final... 

A steady growth noticed in UK construction sector

DATE – CITY, STATE – (Kazor.com) - According to a survey, Britain’s construction sector grew at the fastest pace in the month of February in nearly a year and firms turned more upbeat as order inflow picked up strongly, indicating that the economy is recovering from a contraction last quarter, giving boosting chances. Sarah Bingham, a Markit economist said that the rise in output... 

Slow growth in UK manufacturing from January peak

(Kazor.com) - It has raised the chances that the sector will be proved to be driver of growth for the economy on the whole in the first quarter of this year. Index of the Markit/CIPS Manufacturing Purchasing Manager was marked to 41.2 from a somewhat downwardly revised 52.0 in the last month. According to data complier Markit, it was the highest level since May. Analysts predicted a level of 51.8 which... 

Supreme Icon of Fashion: London

DATE – CITY, STATE – (Kazor.com) - London has been declared the world’s top fashion capital of 2011. As per the tally of Global Language Monitor, London came first, beating New York, Paris and Milan in fashion. The commercial success of London’s high-end fashion designers is providing a much-needed boost to the economy. British designers are working hard against the dominance... 
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