http://www.bloomberg.com/news/2011-08-02/u-k-retail-inflation-slows-as-stores-cut-prices-to-woo-shoppers.html?cmpid=
Britons are seeing their finances squeezed at the fastest pace since the 1970s as inflation outpaces wage growth and the government implements budget cuts and increases sales tax to reduce the deficit. The Bank of England will keep its keyinterest rate at a record low tomorrow, economists forecast, as recent survey data adds to signs the recovery is faltering.
Britons are seeing their finances squeezed at the fastest pace since the 1970s as inflation outpaces wage growth and the government implements budget cuts and increases sales tax to reduce the deficit. The Bank of England will keep its keyinterest rate at a record low tomorrow, economists forecast, as recent survey data adds to signs the recovery is faltering.
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