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CBI ramps up growth UK forecasts
Britain’s biggest business lobby organisation has upgraded its economic growth forecasts in a bullish call that the UK will sustain a strong recovery in spite of jitters over the global economy. The CBI said domestic demand would be the mainstay of the recovery as the nascent revival in productivity fed through to higher wages.
Black Monday will push back rate rise
Interest rates will stay at their record low even longer after £74billion was wiped off share prices on Black Monday according to analysts. The FTSE-100 recovered slightly yesterday, closing up three per cent, despite another day of big falls on the Chinese market.
Londoners losing 12 days a year in traffic crawl
London may consider itself to be the cultural capital of Europe, but it has also become the traffic capital, stealing top spot as the most congested city on the continent for the first time. Drivers in London spend 12 working days (96 hours) each year stuck on the capitals traffic-choked roads.
It’s a car crash as Rolls and Bentley sales dive in China
Sales and production of British-built luxury cars have gone sharply into reverse as the crisis in China begins to bite in factories around England.
New Car Registrations – Buyers look for flexibility in deals – Quote from Sue Robinson, RMI Director. Full article attached.
Three quarters of private drivers now opt for personal contract purchases.
Drivers hit in pocket – Oil prices have fallen to their lowest level in six years, but motorists are paying far more for petrol than in 2009 because refineries are pushing up profit margins.
The Daily Mail
Police have seized 27,688 cars for being uninsured this year, according to figures from Churchill. Almost 10,000 of these were in London.
Three million ‘death trap’ cars pass MOT
Up to three million potential ‘death trap’ vehicles are on the roads after being wrongly passed in MOT inspections. Nearly one in five vehicles which passed last year are not fit to be on the road DVSA figures show.