Articles about uk economy

Night scene of bank station in central london

Blighty's top moneymen: Hackers are SLURPING CASH direct from banks

Several UK banks have suffered actual financial losses as a result of cyber-attacks in the last six months, according to a Bank of England study. The Bank of England’s latest Financial Stability Report, published on Thursday, reiterates warnings about the risk posed by hacking attacks made six months ago when Andrew Haldane, …
John Leyden, 29 Nov 2013
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Dozen more cities to get ultrafast broadband cash in gloomy UK budget

Autumn Statement 2012 George Osborne promised 12 more UK cities £50m in funding to roll out ultrafast broadband during his mini-budget speech this lunchtime. He added that £1bn could be saved if public services were shifted online. The chancellor admitted to Parliament that he had fallen short of his deficit and debt cutting targets, but insisted …
Kelly Fiveash, 5 Dec 2012
The Register breaking news

Facebook 'contributes' €15.3bn to EU economy... bitch

The UK economy might be down in the dumps, but there is a ray of sunshine from an unlikely source: Mark Zuckerberg's Facebook has supposedly helped to contribute £2.2bn to the country's GDP in 2011. Facebook added that – with a lot of help from the rise of mobile applications – it has "supported" 232,000 jobs in recent years …
Kelly Fiveash, 25 Jan 2012
The Register breaking news

Boy George plonks tech centre onto Silicon Roundabout

An energy, transport and social data "research centre" was announced by the Chancellor of the Exchequer George Osborne this morning. Speaking at the annual Google Zeitgeist event, Osborne said that teams at Imperial College London and University College London were working together to create the new centre in collaboration …
Kelly Fiveash, 16 May 2011
graph up

Coalition failing on UK economy

The Coalition government might be doing a good job of slashing public spending, but it lacks the vision needed to get the UK economy back on track. The criticism comes from outgoing CBI boss Richard Lambert, who used his final speech as boss of the lobby group to lambast the government's failure to outline a path to economic …
John Oates, 25 Jan 2011
The Register breaking news

UK net economy report crosses silly line

A new report commissioned by Google, and timed to coincide with the first ever Parliamentary debate on the company today, puts itself and the internet at the heart of the British economy. But it does so by using some creative and interesting definitions. According to Boston Consulting Group, the internet sector in the UK is …
Andrew Orlowski, 28 Oct 2010
The Register breaking news

Opaque Wi-Fi laws 'damage UK economy, social inclusion'

Laws controlling the sharing of wireless internet access are hindering the digital economy and the digital social inclusion plans of Government, an academic has warned. The law should be clarified to help spread broadband access more widely, he said. University of East Anglia IT and internet law lecturer Daithí Mac Síthigh has …
OUT-LAW.COM, 19 Aug 2009
The Register breaking news

What would you pay for 400,000 new green jobs?

Good news emerged from the recent Low Carbon Summit hosted by bailed-out £10bn loss-making bank, RBS. Peter Mandelson got covered in custard, and the government announced a new industrial strategy. Apparently 400,000 new "environmental sector" jobs will be created by 2017, according to Gordon Brown, who reckoned 1.3 million …
Ben Pile, 2 Apr 2009
The Register breaking news

Small biz still struggling for funding as RBS flounders

Royal Bank of Scotland has recorded the largest loss in UK corporate history and is being bailed out again by the Treasury, while small and medium businesses are still struggling to get hold of credit. RBS lost £40bn before tax in 2008, despite two government bailouts, on a total income of £25.8bn - after excluding parts of …
John Oates, 26 Feb 2009
The Register breaking news

Europe gives temps same rights as permanent staff

The European Parliament has passed a proposal to give temporary staff and contractors the same employment rights as permanent staff. On the day Mandelson's Department for Business, Enterprise and Regulatory Reform promised to cut red tape for small businesses, Brussels seems intent on moving in the opposite direction. The …
John Oates, 22 Oct 2008
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Bank of England prescribes 'boredom'

Sterling hit a five-year low against the dollar this morning after Mervyn King, the Bank of England’s governor, admitted that Britain was headed for a recession. The pound is currently resting at just over $1.60, well off its $2.11 12 month high. The slide in sterling will likely make IT products more expensive in the UK, as …
Kelly Fiveash, 22 Oct 2008
The Register breaking news

Brown promises £250bn bailout will save SMEs

Downing St has put SMEs at the centre of its bank bailout plan, but is relying on European funds and the banks' own word to deliver much needed relief to small business. Chancellor Alistair Darling's £500bn bailout for the banks has been swiftly followed by action from the Bank of England, which has announced an immediate half …
John Oates, 8 Oct 2008
The Register breaking news

Cambridge tech boss rips gov over innovation cash

The head of one of the UK's top innovation centres has predicted a future for British citizens as impoverished peasants, painted blue and dancing for tourists because funding for high tech innovation has been pulled. Walter Herriot, Director of St John's Innovation Centre in Cambridge he said, the money needed for this …
Guy Kewney, 17 Sep 2008
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Big UK resellers confident despite world's gloom

Customer demand for virtualisation, security and unified communication technologies has helped large UK resellers outgrow the European IT market over the past year. Consolidation has also helped drive growth, with the top 250 resellers’ revenues climbing 24.6 per cent to $43.7bn, well above the industry average growth rate for …
Kelly Fiveash, 20 Aug 2008
The Register breaking news

British workaholics win EU opt out deal

The British government today secured landmark European Union agreements that will allow UK citizens to work more than 48 hours a week, and bring temp workers into line with permanent staff. The compromise deal allows Blighty to opt out from the 1993 EU law on the Working Time directive, which sets the maximum length of the …
Kelly Fiveash, 10 Jun 2008
The Register breaking news

Labour isn't working for IT contractors

Outraged contractors have slammed Labour’s policies on freelance work in the UK and claimed that the government’s stance threatens their livelihoods. A new survey from ContractorCalculator revealed the somewhat unsurprising findings that 88 per cent of freelancers, of which a large portion work in the lucrative IT sector, were …
Kelly Fiveash, 9 Jun 2008

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