Archives
Falling house prices indicat...
Although the Queen’s Diamond Jubilee brought a small burst of activity in the retail sector, house prices continue to fall. This appears to be indicative of the fact that the UK is still deeply mire...
BoE keeps rates low and inje...
After July’s meeting on Thursday, the BoE announced historically low interest rates would be held at just 0.5% and that they would be injecting another £50 billion into a struggling economy. This c...
Misleading figures do not sh...
This week David Miles, one of the members of the Monetary Policy Committee, addressed the Society of Business Economists stating that this recession is the worst of any within the past century. He con...
Weak construction sector bla...
In new figures being released by the ONS the recession is deeper than previously thought due to a weak construction sector. Previously it had been reported that the economy was down by 0.2pc but it ha...