Balancing austerity and recovery
The International Monetary Fund (IMF) has issued a stark warning about the need to balance debt reduction through austerity measures...
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The International Monetary Fund (IMF) has issued a stark warning about the need to balance debt reduction through austerity measures...
The Bank of England has kept interest rates on hold at 0.5% and is not extending its £200bn asset purchase programme, commonly referred to as quantitative easing (QE).
The Consumer Prices Index (CPI) measure of price inflation has accelerated again, rising to 4.4% for the year to July 2011.
UK interest rates have remained on hold at the historic low of 0.5% following the latest monthly meeting of the Bank of England Monetary Policy Committee (MPC).
The Bank of England has kept interest rates on hold at 0.5% and the European Central Bank has raised interest rates in the eurozone by 0.25% to 1.5%.
A senior Bank of England policymaker has raised the prospect of a further round of quantitative easing in the UK.
The latest price inflation figures show the Consumer Prices Index (CPI) measure of inflation remaining steady at 4.5% for the year to May 2011.
New research from Incomes Data Services (IDS) has found that public sector pay settlements were running at zero in the three months to April 2011.
The British Chambers of Commerce has downgraded its economic growth forecast for the UK economy, with rising inflation and squeezed household incomes to blame.
The latest price inflation figures published this morning show the Consumer Prices Index (CPI) measure of price inflation at 4.5% for the year to April 2011.
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