The UK’s Office of National Statistics alerted markets on Wednesday that it had got its sums wrong. And that worries about the growth of inflation in the economy may be somewhat exaggerated so the need to increase rates may be lessened. The ONS statement said that it had modified part of its software model...
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House buyers once again shrugged off recent rate increases and sent prices up by an unseasonably strong 1.3 percent in September. Bringing annual growth to 8.2 percent according to the Nationwide’s figures released today. The rate is the highest since February 2005. The consensus was that prices would see smaller increases of around 0.4...
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With debt reaching saturation point in the UK it comes as no surprise to hear that Datamonitor have published figures showing the population owes a full one third of all outstanding unsecured debt across Europe. According to figures from Datamonitor debt levels in the UK consumer credit market reached £214 billion, with the average...
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With oil prices falling below the psychological $60 mark and showing no signs of upward movement there are rumours that OPEC countries may be considering an across the board drop output ahead of Decembers meeting in Nigeria. Clearly this is a bluff. One of the problems facing the oil producing countries is that in...
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The resale values of existing homes fell for the first time in 11 years in the USA. At the same time the number of unsold houses on the market was the highest since current measures were put in place. The figures fully underlining concerns that the USA may be moving into a housing slump...
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