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16/10/2001
Sharp drop in UK inflation
The rate of UK inflation, which includes mortgage interest payments, fell in September by 0.4 of a percentage point to 1.7 per cent, according to the Office for National Statistics.
The underlying rate fell just below the government’s target level of 2.5 per cent to 2.3 per cent.
The fall is expected to add to pressure for further cuts in interest rates.
Last month’s cut in interest rates, from five per cent to 4.75 per cent, has not showed up in the Office of National Statistic (ONS) figures.
According to the ONS survey, falling food prices and leisure costs added to the downward pressure on inflation in the UK economy.
Meanwhile, the London stock markets reacted positively to the news with the FTSE pushed higher in busy midmorning trading, with the FTSE 100 index up 44.4 points to 5,112.4. (CD)
The underlying rate fell just below the government’s target level of 2.5 per cent to 2.3 per cent.
The fall is expected to add to pressure for further cuts in interest rates.
Last month’s cut in interest rates, from five per cent to 4.75 per cent, has not showed up in the Office of National Statistic (ONS) figures.
According to the ONS survey, falling food prices and leisure costs added to the downward pressure on inflation in the UK economy.
Meanwhile, the London stock markets reacted positively to the news with the FTSE pushed higher in busy midmorning trading, with the FTSE 100 index up 44.4 points to 5,112.4. (CD)
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03 December 2001
UK service sector confidence continues to fall
The latest quarterly survey of the UK service sector by the Confederation of British Industry (CBI) and Deloitte & Touche has found business volumes, confidence, profitability and prices are all falling.
UK service sector confidence continues to fall
The latest quarterly survey of the UK service sector by the Confederation of British Industry (CBI) and Deloitte & Touche has found business volumes, confidence, profitability and prices are all falling.
02 October 2001
US rate cut expected to battle economic recession
The US Federal Reserve was widely expected to cut interest rates for the ninth time this year in a bid to help stave off a recession and fight the effects of the terrorist attacks on the US. With the US economy edging closer to recession many analysts were anticipating a 0.25 per cent rate cut, but a 0.5 per cent cut was not being ruled out.
US rate cut expected to battle economic recession
The US Federal Reserve was widely expected to cut interest rates for the ninth time this year in a bid to help stave off a recession and fight the effects of the terrorist attacks on the US. With the US economy edging closer to recession many analysts were anticipating a 0.25 per cent rate cut, but a 0.5 per cent cut was not being ruled out.
11 April 2002
UK new investment projects fall
The latest Ernst & Young European Investment Monitor survey has revealed that the number of new investment projects into Europe in 2001 fell by 12 per cent on 2000 figures. Countries that performed poorly in 2001 included the UK with a 34 per cent decline from 575 projects to 377.
UK new investment projects fall
The latest Ernst & Young European Investment Monitor survey has revealed that the number of new investment projects into Europe in 2001 fell by 12 per cent on 2000 figures. Countries that performed poorly in 2001 included the UK with a 34 per cent decline from 575 projects to 377.
18 June 2002
UK inflation rate falls below two per cent
Official figures from the Office for National Statistics (ONS) has revealed that the UK inflation rate fell sharply last month to 1.8% in May from 2.3% in April.
UK inflation rate falls below two per cent
Official figures from the Office for National Statistics (ONS) has revealed that the UK inflation rate fell sharply last month to 1.8% in May from 2.3% in April.
10 December 2001
Further falls in price of UK manufactured goods
The Office of National Statistics have produced a report which shows that the price of goods manufactured in the UK have fallen in the last month. Between October and November the UK producer prices fell by 0.4 per cent, compared with a fall of 0.2 per cent between September and October.
Further falls in price of UK manufactured goods
The Office of National Statistics have produced a report which shows that the price of goods manufactured in the UK have fallen in the last month. Between October and November the UK producer prices fell by 0.4 per cent, compared with a fall of 0.2 per cent between September and October.
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Northern Ireland WeatherToday:A showery start with outbreaks most frequent north of Lough Neagh and through the morning, before dwindling during the afternoon as the northwest breezes ease and brighter spells of weak sunshine prosper. Maximum temperature 8 °C.Tonight:A dry night, save for a few light showers around the coasts, with prolonged clear spells and light winds bringing a frosty dawn for many in central and southern parts. Minimum temperature -3 °C.
