British consumers should expect to face more financial difficulty this year than during 2009, a financial expert has claimed.
Richard Perks, director of retail research at Mintel, said it is “obvious” that living costs are going to rise while income is squeezed.
The tough times are “really...
Posted to
Finance
on 03-12-2010
Filed under: All Financial News, Economy News, recession, inflation, 2010, financial difficulties, Richard Perks
Official data today revealed Chinese consumer prices reached a 16-month high last month - the fourth straight monthly rise.
The National Bureau of Statistics said consumer price inflation rose to 2.7% in February compared with a year earlier and up from 1.5% in January.
Analysts had expected a rate of...
Posted to
Finance
on 03-11-2010
Filed under: All Financial News, Economy News, inflation, interest rates, February, exports, rise, China, CPI, National Bureau of Statistics
The Bank of England’s Monetary Policy Committee (MPC) has today elected to keep UK interest rates on hold at the historically low level of 0.5% for the 12th consecutive month. In addition, it has opted not to inject any more funds into the economy via its quantitative easing (QE) scheme - introduced...
Posted to
Finance
on 03-04-2010
Filed under: All Financial News, Economy News, quantitative easing, inflation, interest rates, house prices, Bank of England, February, Halifax, GDP, recovery, MPC, on hold, Monetary Policy Committee, fragile, QE
UK house prices fell by 1.5% in February when compared to January, according to Halifax.
The lender’s monthly index registered its first decline since June 2009, following seven consecutive monthly increases.
However, at £166,587, the average price of a UK home came in 8% above the market trough...
Posted to
Finance
on 03-04-2010
Filed under: All Financial News, inflation, Property News, February, Halifax, UK house prices, fell, average price, annual inflation