Speaking to an invited audience at Bloomberg’s London offices, Chancellor George Osborne has today defended his massive spending cuts and insists there is light at the end of the tunnel. However, he agreed with Mervyn King’s prediction last week, who said the economic recovery will be “choppy”...
Posted to
Finance
on 08-17-2010
Filed under: All Financial News, Economy News, inflation, speech, spending cuts, recovery, defend, Chancellor, Mervyn King, George Osborne, choppy
The Office for National Statistics (ONS) has today announced Consumer Price Inflation (CPI) slipped to an annual rate of 3.1% in July – down from to 3.2% in June. The latest figure, which was widely expected by analysts, represents the eighth consecutive month that inflation has been above the...
Posted to
Finance
on 08-17-2010
Filed under: All Financial News, Economy News, inflation, interest rates, Bank of England, fall, Office for National Statistics, RPI, CPI, Mervyn King, July, letter, Chancellor George Osborne
The Bank of England’s (BoE) Monetary Policy Committee (MPC) has today elected to keep UK interest rates on hold at the historically low level of 0.5% for the 18th consecutive month, as widely expected.
Furthermore, the Bank opted not to inject any more funds into the economy via its quantitative easing...
Posted to
Finance
on 08-05-2010
Filed under: All Financial News, Economy News, quantitative easing, inflation, interest rates, Bank of England, MPC, Ernst & Young Item Club, on hold, Mervyn King, Monetary Policy Committee, expected, Martin Weale
The Office for National Statistics (ONS) has today announced Consumer Price Inflation (CPI) fell to 3.4% in May – down from the 17-month high of 3.7% in April. While the level still far exceeds the 2% target, the drop was quicker than the 3.5% many analysts had expected.
The Bank of England’s Governor...
Posted to
Finance
on 06-15-2010
Filed under: All Financial News, Economy News, inflation, UK, Bank of England, fall, rate, Office for National Statistics, ONS, CPI, exceed, Mervyn King, May, ease, target, low interest rates, RP