Unexpected fall in UK retail sales in January

Unexpected fall in UK retail sales in January

This week’s news that the economy was showing signs of life has been dealt a blow by an unexpected fall in retail sales for January. Office for National Statistics data shows that volumes fell 0.6% from December 2012, hurt by heavy snowfall and going against...

New social enterprises receive boost from government

The first awards from the government’s £10m Social Incubator Fund have been announced. Speaking at Nesta, Minister for Civil Society Nick Hurd said that Wayra UnLtd and Bethnal Green Ventures would be the first to receive backing. The fund is designed to provide...

Buy-to-let lending reaches £16.4 billion in 2012

Buy-to-let lending accounted for 11.5% of total gross mortgage lending in 2012, up from 9.8% in 2011, according to full-year data released by the Council of Mortgage Lenders. At £16.4 billion, gross buy-to-let lending was 19% higher than the £13.8 billion advanced in...