Strong Retail Performance In May Boosts UK Economy
The British economy received a boost last month, as it has been revealed that retail sales bounced back in May after a poor performance the previous month.
Huge Drop In Household Incomes In 2011
Average incomes fell significantly last year as the effects of the global recession finally began to be felt, research by a leading think tank has found.
Recession keeps UK youngsters Trapped in Financial Woe
New research has revealed that almost half of young Britons believe that the economic crisis has made it impossible to for them to save money and ‘grow up’ effectively.
Government Unveils Banking Reform Proposals
The government has announced plans for a shake-up of the banking sector, in response to the global recession, in its banking reforms White Paper.
Cash Use Up As Consumers Try To Curb Credit Card Debt
Consumers in the UK are using cash to pay for things, rather than a credit or debit card, in a bid to curb their spending as the double dip recession continues to bite.
Cameron Calls For More Action From Central Banks
Prime Minister David Cameron has urged the world’s central banks to protect the global economy from the ongoing crisis in the eurozone.
Inflation Falls To Two Year Low
The rate of inflation in the UK fell to its lowest for more than two years last month, the Office for National Statistics (ONS) has revealed.