Economy

Glasgow Get’s help to Cope up during times when Catastrophe Strikes

Glasgow has been selected from a list of around 400 aspirant cities for the 100 Resilient Cities programme. The city will be given funding as well as support which is worth $1m for the preparation of responding towards crises. As a participant it will also be funded for getting ready for the ongoing economic, social as well as the environmental problems. The Other cities which are participating in this scheme include Los Angeles, New York, Ramallah and Dakar.

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Large increase in new-build housing looks extremely challenging: Taylor Wimpey

It would be extremely hard to meet government's target of building more than 200,000 homes per year without further fundamental reform of planning system, Taylor Wimpey chief executive Pete Redfern said.

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Britain may become nation of renters within next generation: Halifax

Britain will likely become a country of renters within the next generation as young people's desire to own a home is showing signs of cooling, according to the Halifax Generation Rent Report 2014.

The just published Halifax report said that homeownership would likely decrease in the future as fewer and fewer young people are making their way onto the property ladder.

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Barclays preparing to slash thousands of jobs

London-based Barclays is reportedly preparing to slash thousands of jobs at its investment banking division under a strategic review that aims to cut costs and boost profits.

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British companies’ ad budgets see biggest surge since 2000

British businesses' advertising budgets saw the biggest surge in fourteen years in the first quarter of this year, thanks to positive outlook for the economy.

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