Only registred members can create thier own customized alerts.
UK OPENING NEWS INCLUDING: Job vacancy decline knocks confidence
Tories head off rebellion over AV. (FT)
A threatened Conservative rebellion on voting reform that could have raised serious tensions within the coalition seems to have been averted after intense pressure by the Tory whips. David Cameron told whips to ensure that coalition did not suffer its first defeat, in the Commons tonight, when Nick Clegg, deputy Prime Minister, presents a bill allowing a referendum next May on adopting the alternative vote to elect MPs.
UK factory production grew at a record pace in the third quarter on surging export demand, the Engineering Employers Federation said. (Sources)
The number of manufacturers saying sales rose in the three months through September exceeded those reporting declines by 33%, compared with 30% in the second quarter. That’s the highest since the report began in 1995. A gauge of exports also rose to a record.
Job vacancy decline knocks confidence. (Telegraph)
Industries including engineering, manufacturing, financial services, training and IT all suffered a drop in the number of jobs available in August compared with July, according to the Reed Jobs Index.
Weekend Press:
On Thursday, the BoE’s MPC is expected to maintain interest rates at 0.5% for the 19th successive month. (Sunday Times)
Five members if the shadow MPC voted to keep interest rates on hold, highlighting the weak credit conditions, de-leveraging of company balance sheets, and the fiscal tightening announced in the June budget. "There was also fear that the world recovery was running out of momentum, especially in America where a double dip recession seemed increasingly possible," the shadow committee said. However, four members of the panel - twice as many as last month - voted to raise rates to 1%, citing concerns that inflation remained more "stubborn" than the BoE had expected. Two of the members who opted for a rate rise wanted to extend the BoE’s GBP 200bln QE programme.
Warning of 'sharp interest rate rise' in 2012. (Telegraph)
The Bank of England is this week set to hold interest rates at 0.5%, with a growing expectation that when rates do start to rise they will do so quickly.
New homes data spell declining market. (FT FrontPage)
The nascent recovery in the house building market appears to have ground to a halt as a leading industry survey, which measures the number of people reserving new homes to buy, dropped to its lowest level on record. The survey, conducted weekly by the Home Builders Federation, is for internal use only and is regarded by the industry as the best guide to housing demand. But its latest report, seen by the Financial Times, shows that deposits on new properties have dropped below those recorded in 2008, the nadir of the market. The HBF declined to comment.
We haven’t had it so bad since 1982 (Sunday Times)
The "hard times" index created by Oxford Economics - incorporating tax, average earnings, inflation, levels of benefit payments and debt-serving costs - suggests household finances are more constrained than at any time for nearly three decades.
