Retail sales bounced back in January

Figures have shown that UK retail sales recovered in January, after heavy snow caused a large fall in December sales. According to the Office for National Statistics the volume of retail sales in January rose 1.9% on the previous month. December’s monthly figure was also revised from an earlier estimate of a… More →

Inflation up by 0.3% in January

The UK Consumer Prices Index (CPI) annual inflation rate rose to 4% in January, up from 3.7% in December, as the effects of the VAT rise were felt. Higher oil prices also meant inflation remained well above the 2% target. Retail Prices Index (RPI) inflation - which includes mortgage interest payments -… More →

Pop onto the metro - new system unveiled

Nexus yesterday announced that it is investing £15m into the modernisation of Metro travel with the introduction of a new smart ticketing operation. The new travelcard, similar to that of London underground’s ‘oyster’, will be called pop. Nexus passengers will start to get their regular Metro season tickets and under 16 identification… More →

Fuel stabiliser not that complicated, says FSB

The Federation of Small Businesses (FSB) has dismissed claims that a fuel duty stabiliser is too complicated and expensive to put in place. In a new report ‘A fuel duty stabiliser – is it really that complicated?’ the organisation argues that it is simple, affordable and crucial to allow businesses to… More →

UK Retail sales bouce back after harsh December

UK Retail sales bounced back in January after figures had dropped as a result of the bad weather in December.  According to the British Retail Consortium, sales values were up 2.3% on a like-for-like basis from January 2010, when sales had fallen 0.7%. On a total basis, sales were 4.2% higher, against… More →

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Small firms helped to bid for procurement ‘billions’

David Cameron has announced a series of measures to help small and medium-sized firms compete for billions of pounds worth of central government contracts.

He said the aim was to give businesses greater access to the bidding process by eliminating “excessive bureaucracy and petty regulation”.

Firms should no longer have to input their information each time they apply for a new contract, for example.

The CBI, however, said the government could have gone much further. But what do you think? 

Cast your vote on this week’s bdaily poll. 

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