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UK growth slows in fourth quarter of 2000

Growth in the UK economy slowed sharply in the last quarter of 2000 as growth in the service sector declined.

Gross domestic product grew by just 0.3 per cent from October to December, less than half of the growth of the previous quarter.

The slowdown was also caused by a downturn in industrial production, particularly in the oil and gas sectors.

The recent problems on the railway network are thought to have compounded the situation.

The slowdown in growth is likely to reignite calls from business for a cut in interest rates.


Hargreaves Lansdown in £150k portfolio service

Hargreaves Lansdown is entering the increasingly competitive wealth management market. The Hallmark Wealth Management service will be launched in March and will target individuals with over £150,000 to invest. Hallmark will compete with a growing number of banks which are vying for a share of this lucrative market, which has traditionally been the preserve of […]

Coventry Building Society launches new mortgage range

Coventry Building Society is launching a flexible mortgage fixed at 5 per cent until April 2002 with no early redemption charges. Available for a maximum loan to value of 95 per cent, the mortgage reverts to a rate no greater than 1 per cent above Bank of England base rate, currently 6 per cent. Coventry […]

Gartmore – Gartmore European Focus Fund

Tuesday, 23rd January 2001.Aim: Growth by investing in quoted large and mid cap European companies.Minimum investment: Lump sum £1,000, monthly £50. Isa lump sum £3,000, monthly £100.Investment split: 100 per cent in quoted large and mid cap European companies.Isa link: Yes.Pep transfers: Yes.Charges: Initial 5.25 per cent, annual 1.5 per cent until January 31, 2002, […]

ScotLife International launches fourth series of Income & Growth Bonus Bond

Scottish Life International is launching the fourth series of its Income & Growth Bonus Bond. Series 4 of the Income and Growth Bond offers a choice of growth income of 11.2 per cent a year or 2.7 per cent each quarter over three years or 35.6 per cent fixed gross growth. The bond is linked […]

Reforming India: just the beginning

By Kunal Desai, Neptune India Fund

As global investors continue to scour emerging markets through the lens of reform potential, India shines bright. Indeed, we think it can sparkle even brighter. We anticipate India’s self-imposed 10-year ‘policy holiday’ to turn into one of the most pro-growth and pro-investment policy calendars seen in Asia in years. The Indian electorate has engineered a historic verdict. We now have the strongest Indian government since 1984, with the pro-market Bharatiya Janata Party (BJP) achieving an absolute majority for the first time in the party’s history.


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