A new report has revealed that privately-educated graduates earn more than their state-educated peers do only six months after leaving university, and the gap continues to increase up to three-and-a-half years after leaving.
The research from the Sutton Trust and upReach found that fee-paying school students who achieved a degree soon took home almost £4,500 more than other graduates.
As part of its much-anticipated “Super Thursday” raft of announcements, the Bank of England has voted to keep interest rates at the record low of 0.5 per cent.
The UK’s bond-buying programme is also set to remain frozen at £375 billion.
Ian McCafferty was the only member of the nine-strong Monetary Policy Committee who voted in favour of higher interest rates. This is the 78th consecutive month that the bank has chosen to keep interest rates low. Rates were first cut in a bid to limit the effects of the recession, but the economy has been judged too fragile to raise them ever since.
A new poll from Ipsos Mori has revealed that British people have more confidence in the economy than at any point in the last five years.
Currently, half of the respondents said they felt positive about the state of the UK's finance. This is a dramatic rise compared to two and a half years ago, when only 13 per cent felt the same way.
Based on the 24 countries covered by the survey, it was found that 40 per cent of citizens had confidence in their nation’s economy. This means the UK is performing above the average in this area. The global average has also risen significantly since November 2012, when only 25 per cent said they were confident about their country’s finances.
More people are using investment schemes like SEIS and EIS to invest in small businesses, but there is potential for further growth.
A growing number of small and medium-size enterprises are taking advantage of government schemes designed to make it easier to attract investors, but there is still a lot of untapped potential that firms are missing out on.
News of confirmed and potential takeover deals have boosted the FTSE 100.
Takeover deals are back at the forefront of investors' minds today (July 29th), following news that acquisitions are set to take place involving UK firms.
Hikma, the pharmaceutical group, has purchased a US drugs company for £1.7 billion, while manufacturing business acquisition specialist Melrose revealed it is to sell portfolio company Elster for £3.3 billion.
Walmart lags behind Amazon in the US retail market after the online retailer posted surprising financial results for the second quarter.
An unexpected rise in profit means Amazon has overtaken Walmart to become the largest retailer by market capitalisation in the US.
Shares in the online retailer jumped in aftermarket trading on Wall Street yesterday (July 23rd) after it posted quarterly results that surpassed analysts' expectations.
Revenue for the second quarter rose 20 per cent year-on-year to $23.2 billion (£14.9 billion) - exceeding the $22.4 billion average forecast that has been predicted by analysts, the Financial Times reports.
UK Trade and Investment is running nine events around the country aimed at helping businesses break into overseas markets.
UK businesses operating in international markets will have the opportunity to share their ideas on exporting at a series of new events organised by UK Trade and Investment (UKTI).
The body will be running nine ExportJam workshops across the country later this month, with the aim of looking at how the government gives support to companies that sell goods and services around the world.
The City of London's growth has helped Britain's financial services trade surplus in 2014 to rise to £62 billion.
London's financial district has been a key player in making the UK the world's biggest exporter of financial services.
UK recorded a trade surplus in financial services of £62 billion in 2014, it's highest ever, according to TheCityUK.
With other related professional services - such as accountancy, legal services and management consultancy - taken into account, the figure rose to £71 billion, helping to offset the increasing trade in goods deficit see in the UK economy.
Banks have helped drive dividends paid by UK companies in the second quarter of 2015 to £28.3 billion.
Dividends paid out by UK companies have reached a high not seen since before the financial crisis, with banks leading the way.
New figures from Capita Asset Services show around £28.3 billion was paid out by firms during the second quarter of 2015, rising to £29.2 billion when factoring in special dividends.
The figure is the highest recorded by Capita since it began the process in 2007 and Justin Cooper, chief executive of Shareholder Solutions - a part of Capita - said it would be an "understatement" to say that income investors had enjoyed a "bumper month".
There are many ways businesses can boost employees' productivity for little to no financial outlay, new research shows.
Financial rewards remain the best way of boosting productivity among employers, but there are a number of other measures small businesses can use to make staff work harder.
This is according to new research from Office Genie, which identified a good night's sleep, positive feedback from managers and flexible working hours as three factors that raise productivity among a workforce.
In just seven years, Kyle Tyrrell went from working as a chef in a catering business to becoming head of finance at one of the world’s leading insurance companies.
He was awarded Newly Qualified (NQ) Accountant of the Year at the 2015 PQ Magazine Awards. Here, Kyle talks about how his career has excelled since completing ACCA (Association of Chartered Certified Accountants) at London School of Business and Finance (LSBF).