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...
Read more »
With the cost and affordability of basic housing going through the roof. More and more economic pundits are starting to question if the governments adoption or skew of components in the CPI is realistically reflecting what is happening on the ground. In countries as far apart as the UK and Australia the CPI measurement...
Read more »
Giving his strongest nod to the Bank of England this week, Gordon Brown told the annual meeting of the International Monetary Fund (IMF) that the Bank of England must keep inflation in check as Britain’s economy continues to grow. The IMF’s new forecast for UK growth was 2.7 per cent, he added. Asked how...
Read more »
The USA trade gap increased to a record $68 billion in July the Commerce Department revealed. The number was higher than expectations as American consumers continue with their love affair of the worlds products, despite things getting tighter at home. Much of the increase, about a third, has been attributed to oil prices, though...
Read more »
The UK’s Office of National Statistics released its inflation figures this morning with noted increases in both the Consumer Prices Index (CPI) and in the older, but more inclusive Retail Prices Index (RPI). Figures for the CPI show that inflation accelerated to 2.5 percent in August, in the face of an expected levelling off...
Read more »