Economy

British consumers’ confidence in economy hits new high

British consumers' confidence in the economy climbed to its highest level in more than two years in the first quarter of this year, the professional services firm Deloitte's latest Consumer Tracker suggests.

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Turnaround in household fortunes expected to boost British economy this year

Helped by a turnaround in household fortunes, Britain's economy will expand 3.1 per cent in 2014, a leading economic think tank predicted.

In its latest report, the Centre for Economics & Business Research (CEBR) said that improvements in consumers' disposable income, business investment and housing market would provide a notable boost to the Britain's economic recovery this year.

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Ukraine Tension and Closed Markets Push Asian Stocks Lower

Tensions mounting in Ukraine and the signs of sluggish growth in China as well as the doubt about the timing when the U.S. Federal Reserve would begin tightening the interest rates have battered the markets globally during the past few weeks. Janet Yellen, the Federal Reserve Chair's last week's encouraging comments though helped pacify some wrecking nerves.

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Gold Slides and the Trade Deficit Widens Causing the Yen to Drop

The yen dropped as Japan posted a wider trade deficit than what was estimated. A gain which was earlier noticed in Tokyo got erased. The price of gold fell and wheat moved back too.

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Lack of suitable candidates affected employers’ ability to fill vacancies in March

Lack of suitable candidates is affecting employers' ability to fill vacancies in Scotland, according to a fresh report by the Bank of Scotland.

The jobs market kept on growing in March, albeit at a slower rate than the previous month. The Labour Market Barometer (LMB) also revealed that the number of people getting permanent jobs increased.

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