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US Economy’s Downfall Bring Could Be A Plus

US Economy’s Downfall Bring Could Be A Plus

According to SpreadCo’s Senior Market Strategist David Morrison, the global economy may be underestimating the US economy. With poor performance, a very small GDP growth with just a 1.4 per cent growth in the last quarter of 2015, the US is …

America And Recession: Consumer Based Growth

America And Recession: Consumer Based Growth

In the US, Americans are growing stable having more money, having more jobs and enjoying the low prices of gas due to the re-entry of Iran and Saudi overproduction. However, it hasn’t helped the local economy as most Americans refuse to spend. …

2015 a Great Year For Britain

2015 a Great Year For Britain

Britain’s private companies had helped elevate the country’s last quarter. According to analysts, the momentum might help Britain enter 2016 with a stronger note. According to a leading employers group, a recent slowing of the economy is …

Military Stocks Rally After French Vow To Crush ISIS

Military Stocks Rally After French Vow To Crush ISIS

Wall Street loves war, said many analyst who saw the rise in value for weapons companies in the stock market since last week. Defence contractors Lockheed Martin rose to 3.5 per cent on Monday. Northrop Grumman, known as a drone manufacturer for the …

China’s Beige Book Says It Isn’t Collapsing

China’s Beige Book Says It Isn’t Collapsing

A years’ record fall. A troublesome investor market. According to China’s Beige Book, the fall and the panicking investors are only over-reacting because China’s economy is not failing. The latest CCB survey involved no signs of …

Syriza Fragmented After Greek MPs Approve New Austerities

Syriza Fragmented After Greek MPs Approve New Austerities

The Greek Parliament had voted 229-64 on the new austerity rules imposed by Eurozone ministers. About 32 of the no voters came from Syriza, Greek Prime Minister Alexis Tsipras’ own political party. Three of these were his ministers. Hardliners …

Puerto Rican US Exodus Caused By Poor Economy

Puerto Rican US Exodus Caused By Poor Economy

Just like Greece, Puerto Rico is on the verge of defaulting. Economists see this can stimulate further population drain. Out of the world’s viewpoint, Puerto Rico’s economy had been dwindling for years. Hispanic Research Director For Pew Mark …

The Little Gaps Between The UK’s “Fast Growing” Economy

The Little Gaps Between The UK’s “Fast Growing” Economy

UK Finance Minister and BoE Chancellor George Osborne is often heard in UK periodicals saying that the United Kingdom’s economy is one that continues to grow faster than any other advanced economy. Analysts see some holes that could grow bigger, …

UK Leads The US In Economic Rankings

UK Leads The US In Economic Rankings

According to UK Chancellor George Osbourne, the UK is the world’s fastest-growing advanced economy. New data confirms that the United States has failed to keep its pace against the UK this year. The US enjoyed a growth of 2.4 per cent in 2014, …

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Mis Sold PPI

PPI pays for your loan, mortgage or credit card in case you get sick, have an accident or become unemployed. However, if you had one of these problems before you purchased the insurance policy, you can begin claiming a PPI refund from your bank as soon as possible. The reason for the miss sold PPI

Bank of England Pushed Further to Vote for Rate Rise

Bank of England Pushed Further to Vote for Rate Rise

A third of the interest rates BoE Governor Mark Carney pointed out can rise in the first three months of the next year. Economic analysts said that it could even rise sooner than expected because some of the nine members of the Bank of England’s Monetary Policy Committee  may vote for a rate rise within

Scottish Independence Will Win It an A Rating from Moody’s

Scottish Independence Will Win It an A Rating from Moody’s

Credit Rating Agency Moody’s predicted that Scotland’s independence will place it below the UK’s Aa1 credit rating to an ‘A’. It predicted that Scotland will gain its own credit improvement over time as a result of probable economic improvements, especially now that it is set to improve its tourism. According to a Moody’s report, the

Banks Could Have Helped Avoid the Growth of PPI Claims Management Companies

Banks Could Have Helped Avoid the Growth of PPI Claims Management Companies

In the United Kingdom, there are about 1,095 claims management companies that had profited at least £5 billion from the £13.3 billion compensation for consumers making a PPI refund claim. According to observers, banks could have avoided if they were the first to call on consumers with possible mis sold PPI. In 2011, the UK

The Real Reason for the Mis Sold PPI Crisis

The Real Reason for the Mis Sold PPI Crisis

After taxpayer-backed Lloyds announced an additional £750 million to their PPI refund total, HSBC and RBS had added £92 and £250 million respectively, increasing the total PPI bill to £17 billion. The most expensive financial scandal in history began ten to fifteen years ago. According to the Financial Ombudsman service, banks and lenders mis sold

Pakistan should increase its tax revenue to receive UK aid

Pakistan should increase its tax revenue to receive UK aid

A committee from the parliament on the United Kingdom aid was concerned about the taxes paid by the Pakistanis. It was reported that only 0.6 percent of the Pakistani population pay their taxes and that corruption was the main cause. The MP said that they will only increase the financial aid to Pakistan if they

Pay Cap for Public Sector Employees

Pay Cap for Public Sector Employees

The public sector employees will not be receiving a pay increase in April as announced by the government. The 1% cap on pay would be given to the nurses, doctors, members of the armed forces, and also hospital cleaners. Unions were not that happy about the news. The Treasury has accepted the recommendations on the

FSA fines Lloyds over PPI delays

FSA fines Lloyds over PPI delays

The saga concerning mis-sold PPI may be drawing to a close next year (if talks to that effect are successful) but the story is by no means over. The latest twist in the tale involved Lloyds Banking Group (LBG) being fined £4.3 million for delays in PPI payments to claimants. An investigation by the Financial