UK inflation rate rises to 2.9% in June 2013
The Consumer Prices Index (CPI) measure of inflation rose to 2.9% in June, according to the Office for National Statistics.
The Retail Prices Index (RPI) rose to 3.3% in June from 3.1% in May.
Farrell Financial …
Europe isn’t working
Unemployment in the Eurozone hits a new record high.
The seasonally-adjusted unemployment figures show that from March to April 2013 an extra 95,000 people were out of work in the 17 countries that use the euro. This takes the Eurozone …
The European Central Bank cuts interest rates to record low
The European Central Bank (ECB) has cut its benchmark interest rate to a new record low of 0.5%.
The move comes amid on-going worries about the Eurozone’s economic health.
This move brings the ECB benchmark interest rate to the same …
Spain isn’t working
Spain’s unemployment rate reached a new record of 27.2% of the workforce in the first quarter of 2013.
Spain’s National Statistics Institute revealed the total number of unemployed people in Spain is now in excess of six million.
The figures …
UK economy avoids recession
The UK economy has avoided falling back into a recession after recording growth in the first three months of 2013.
The Office for National Statistics estimates for gross domestic product (GDP) show the economy grew 0.3% during the first quarter …