Articles Published by tom line

Tom has a degree in Policing and Criminal Investigation from Staffordshire University. Tom worked as a Credit Analyst at checkmyfile until 2015

More Lloyds shares sold by the government

The government has sold more shares in Lloyds Banking Group, taking its stake in the group to less than 20%. £500m of shares were sold by the Treasury taking the total amount recouped by the government to £10bn.

Published on 15 May 2015 by Tom Line

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£1.3bn black hole for treasury as a result of greener cars on our roads

Motorists could see an increase in their road tax bills in the future, as the Treasury is receiving less due to the rise in ownership of greener, more fuel efficient cars. The current UK road tax system applies to eligible vehicles heavily favours those with low CO2 emissions. Car manufacturers have invested heavily in producing efficient cars in recent years and as a result, Vehicle Excise Duty (VED) receipts received at the Treasury are reducing.

Published on 5 May 2015 by Tom Line

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Tesco reports record loss of £6.4bn

Tesco, the world’s third largest retailer, has posted record losses of £6.38bn for the last financial year, the worst results in its 96 year history and the UK’s biggest-ever retail loss. The loss is a huge contrast to the £2.26bn that the company made the year before.

Published on 24 Apr 2015 by Tom Line

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UK unemployment falls again

The UK national unemployment rate fell in again in February, marking a six-and-a-half year low. In the three months to February the number of people out of work decreased by 76,000 to 1.84 million, figures from the Office for National Statistics (ONS) show.

Published on 20 Apr 2015 by Tom Line

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Honda invests £200m in Swindon plant

Honda, the Japanese car manufacturer, has given a boost to Swindon’s economy and the UK car industry as a whole as it unveiled plans to commit £200m in investment to produce the next generation Civic Hatchback at the site. The firm has now invested a total of £2.2bn in Swindon since 1985.

Published on 9 Apr 2015 by Tom Line

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UK inflation rate falls to zero in February

The rate of inflation hit 0% in February - the lowest reading since records began in 1988 according to the UK’s mechanism for recording inflation, the Consumer Prices Index (CPI). In January, the CPI recorded a reading of 0.3% and analysts expected it to drop to 0.1% in February. However, a continued supermarket price war, low oil prices and cheaper toys and books attributed to the greater than expected decrease.

Published on 26 Mar 2015 by Tom Line

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TSB agrees £1.7bn sale to Spanish bank Sabadell

TSB, the UK’s seventh biggest bank which was formally owned by Lloyds Bank, has agreed a £1.7bn takeover offer from Sabadell, Spain’s fifth biggest bank. The sales comes less than a year after TSB entered the stock market following Lloyds Banking Group sale of the business.

Published on 24 Mar 2015 by Tom Line

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Tesco turnaround continues as rivals suffer

Sales at Tesco grew by 1.1% in the three months to March 1st, the retailer’s strongest sales for 18 months, with its major rivals suffered as a result. Asda, its nearest rival, saw sales drop 2.1% in the same period, the worst performance in the sector along with the Co-operative.

Published on 13 Mar 2015 by Tom Line

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UK unemployment continues to fall

Unemployment across the UK has fallen to its lowest level for more than six years. In the three months of September through to November 2014 the number of people out of work fell by 58,000 to 1.91m. Figures from the Office for National Statistics (ONS) show that the unemployment rate now stands at 5.8% whereas it was 7.1 % the same time last year.

Published on 23 Jan 2015 by Tom Line

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Large companies breaking minimum wage laws

A further 37 firms have been named and shamed by the government for breaching the law, in regards to paying employees the National Minimum Wage. The government has already exposed 55 employers since October 2013, when it first started the policy of publicly releasing the identity of offending firms.

Published on 20 Jan 2015 by Tom Line

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