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Tag: economy

Economy beats expectations

Economy beats expectations

Image via Wikipedia Interesting article about how the economy in the UK is shrinking at a slower rate than was expected. That must be good news right? Here’s a snippet from the article: The 0.7% decline was a significant improvement on the 2.4% contraction in the previous quarter. But the annual drop of 5.5% remains the biggest since records began in 1955. It’s a bit too early to see whether this is an emerging trend of just a seasonal glitch….

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UK Interest Rates hold steady

UK Interest Rates hold steady

As was widely anticipated, it seems like the UK Interest Rates have remained fixed at 0.5%, the historic low they had dropped to in March this year. This is good news for people on tracker mortgages as it means their mortgages are still costing them very little. However, there’s a concern for home owners that new mortgages at those rates are impossible to find and people are getting locked into higher rate mortgages. Does this translate into more profit for…

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Japan doesn’t have it easy either

Japan doesn’t have it easy either

With economic turmoil at our shores it is easy to forget that others around the world are facing similar hardships. I was reading today that Japan’s economy isn’t looking too hot at the moment. The base rate is set to 0.1% (lower that the UK or the US), unemployment has risen to 4% and output has dropped 8% in November with another expected 8% drop in December. The problem is that forcast sales of the goods produced by the Japanese…

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Everything costs £1

Everything costs £1

Interesting article on BBC News about how pound shops in the UK are handling problems like rising inflation. They have an interesting view on this as they see it as a shift in the products they carry rather than something that is damaging their business. So, items they sold at £1 last year might have gone out of budget and not be on their shelves any more, but items that sold at 90p in other shops are now more expensive…

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