BCNE News

Live Business News from the BBC

UK interest rates remain at 0.5%

Thu, 09 Sep 2010 11:28:49 GMT
The Bank of England keeps UK interest rates on hold at a record low of 0.5% for the 18th consecutive month.


Welfare bill 'to be cut by £4bn'

Thu, 09 Sep 2010 17:08:12 GMT
The government is planning to reduce the annual welfare bill by a further £4bn, Chancellor George Osborne tells the BBC.


Spending cuts 'to hit north harder'

Thu, 09 Sep 2010 15:30:27 GMT
Industrial areas in the North East and Midlands are least resilient to economic shocks, BBC-commissioned research suggests.


Global economy slowing, says OECD

Thu, 09 Sep 2010 15:20:48 GMT
The global economic recovery is slowing faster than forecast, but a return to recession is unlikely, an economic group says.


Bmibaby luggage gauges too small

Thu, 09 Sep 2010 16:33:26 GMT
Budget airline Bmibaby has been charging customers to put bags in the hold when they are small enough for the cabin, the BBC learns.


Record goods trade deficit for UK

Thu, 09 Sep 2010 10:29:07 GMT
The UK's goods trade deficit widened to a record high in July after imports rose sharply and exports fell from the previous month.


Goldman Sachs fined £17.5m by FSA

Thu, 09 Sep 2010 08:35:48 GMT
Wall Street banking giant Goldman Sachs is fined £17.5m by the UK's financial watchdog.


Chote set to head Budget office

Thu, 09 Sep 2010 12:18:48 GMT
Economist and former journalist Robert Chote is to become the new head of the Office for Budget Responsibility.


Income tax: Interest may be added

Thu, 09 Sep 2010 12:27:42 GMT
HM Revenue & Customs says it is impossible to tell how many taxpayers may have to pay interest as a result of tax errors.


US exports near to two-year high

Thu, 09 Sep 2010 14:14:19 GMT
The US trade gap in July narrowed thanks to increased exports of large US-made items such as aircraft.


Defence firm BAE cuts 1,000 jobs

Thu, 09 Sep 2010 13:29:50 GMT
BAE Systems announces it is to axe almost 1,000 jobs across the UK, with 740 to go from five sites in England.


World Cup knocks trading at HMV

Thu, 09 Sep 2010 07:49:13 GMT
Music, computer games and book retailer HMV says that its sales were disrupted this summer by the football World Cup.


Shoppers turning to card payments

Wed, 08 Sep 2010 23:01:01 GMT
The number of cash machines in the UK has fallen and withdrawals have dropped as shoppers turn to cards, figures show.


New bank ratio 'to be set at 7%'

Thu, 09 Sep 2010 09:40:40 GMT
Central bank governors and senior regulators are to impose tighter restrictions on the level of assets banks must hold, the BBC has learnt.


Morrisons to test online shopping

Thu, 09 Sep 2010 08:11:35 GMT
The UK's fourth biggest grocer, Morrisons, says it hopes to trial online shopping and convenience stores next year.


Fat cat pensions 'worth millions'

Thu, 09 Sep 2010 10:44:05 GMT
Directors of big companies enjoy hugely generous pensions while cutting workers' pension entitlements, the TUC alleges.


Posties back Royal Mail bike cuts

Wed, 08 Sep 2010 14:59:32 GMT
Union leaders publicly endorse Royal Mail management plans to phase out bikes for postal deliveries.


EU ruling opens up German gambling market

Wed, 08 Sep 2010 15:02:05 GMT
German gambling restrictions breach European Union law, the EU's highest court rules


Writing off tax is 'unaffordable'

Wed, 08 Sep 2010 12:45:37 GMT
The country "cannot afford" to write off underpayments of income tax caused by problems with the calculation system, a minister says.


Halifax says house prices stable

Wed, 08 Sep 2010 13:14:10 GMT
UK house prices have stabilised, according to the latest survey from the Halifax.


Lycatel to make adverts clearer

Wed, 08 Sep 2010 11:58:13 GMT
Phone card firm Lycatel agrees to make its charges much clearer in its adverts for international phone cards.


Spain confirms its labour reforms

Thu, 09 Sep 2010 11:09:15 GMT
Spain's government says it will keep labour market reforms agreed in June which make it cheaper to sack workers.


US slips in competitiveness poll

Thu, 09 Sep 2010 08:57:07 GMT
The United States has been overtaken by Sweden and Singapore in the World Economic Forum's competitiveness survey.


South Korea in surprise rate hold

Thu, 09 Sep 2010 06:24:54 GMT
South Korea's central bank surprises markets by keeping interest rates on hold in the face of "global uncertainties".


BP's Hayward to face MP grilling

Thu, 09 Sep 2010 10:34:59 GMT
The outgoing boss of BP Tony Hayward is to be questioned by a committee of MPs over the Gulf of Mexico oil spill.


Profits set to fall at Argos firm

Thu, 09 Sep 2010 09:55:57 GMT
Home Retail Group, the owner of Argos and Homebase, says it expects half-year profits to be 25% lower because of falling sales.


Air Zimbabwe pilots in pay strike

Thu, 09 Sep 2010 11:35:54 GMT
Striking pilots at Air Zimbabwe have began talks with management over a pay dispute that has grounded the carrier's flights.


Transport plan for Games unveiled

Thu, 09 Sep 2010 10:06:57 GMT
Organisers of the 2014 Commonwealth Games unveil plans to keep athletes, spectators and staff moving during the event.


FIA rejects new team applications

Wed, 08 Sep 2010 13:16:41 GMT
Formula 1's governing body turns down all the entries from teams hoping to fill the vacant 13th slot in 2011, with former champion Jacques Villeneuve among those to miss out.


Nigeria arrests ex-football heads

Tue, 07 Sep 2010 11:38:38 GMT
Four Nigerian former football officials are arrested amid accusations that some $8m (£5m) went missing during the World Cup finals in South Africa.


BMI Baby to review bag size gauges

Thu, 09 Sep 2010 16:57:21 GMT
When flying with a budget airline hand luggage gauges are used to establish that the baggage is of the correct size, but what if BMI Baby are measuring hand luggage in gauges that are too small?


Shop vacancy rates continue to rise

Thu, 09 Sep 2010 18:20:42 GMT
The latest study suggests that despite a fragile economic recovery, the number of shops going out of business continues to rise.


Morrisons profits up 14% on year

Thu, 09 Sep 2010 09:33:28 GMT
Morrisons has announced half-yearly profit before tax of £410m, against profit of £359m a year before, an increase of 14%.


Tax officer: HMRC 'at melting point'

Thu, 09 Sep 2010 06:33:26 GMT
Serving tax officer: "HMRC has not been fit for purpose for a very long time. It's now at melting point"


Interest gap between Bank and cards

Thu, 09 Sep 2010 14:49:38 GMT
While UK interest rates have been kept at 0.5% for an 18th month in succession, the rates being charged by credit card providers are rising.


Goldman Sachs fine 'drop in a bucket'

Thu, 09 Sep 2010 15:10:45 GMT
Wall Street giant Goldman Sachs has been fined £17.5m ($27m) by the UK's City regulator, the Financial Services Authority.


Why do interest rates matter?

Thu, 09 Sep 2010 05:16:45 GMT
The BBC's Declan Curry looks at why interest rates matter


India's film stars go small screen

Thu, 09 Sep 2010 14:38:19 GMT
India's film-star hungry public do not have to go to the cinema to get their fix.


Vulnerable to public sector cuts?

Thu, 09 Sep 2010 14:54:48 GMT
Find out how resilient areas of England might be


Big money

Wed, 08 Sep 2010 23:04:00 GMT
Russia is home to the wealthiest expats


Deep pockets

Tue, 07 Sep 2010 23:18:54 GMT
Finding investors to delve beneath the ocean waves


Off the dial

Wed, 08 Sep 2010 23:11:51 GMT
What happened to Mercury, as in Mercury music prize?


Shale gas revolution

Wed, 08 Sep 2010 14:41:30 GMT
Could this rock be a new major energy source?


China calling

Tue, 07 Sep 2010 21:20:35 GMT
Can trade with China help the UK economy?


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