Low Inflation, Temporary

The Bank of England governor, Mark Carney, says low inflation is temporary and will return to its 2% target within two years. He told MPs “What’s important is that workers and businesses understand this is a temporary phenomenon”. Mr Carney said that three-quarters of the Read more…

UK interest rate falls to record low of 0.3% in January and expected to stay low

The rate of UK Consumer Prices Index inflation fell to 0.3% in January, its lowest level since records began. Cheaper petrol prices and lower food prices, which was helped by a supermarket price war has cut the rate from 0.5% in December to 0.3% last Read more…

UK interest rate falls to record low of 0.3% in January and expected to stay low

The rate of UK Consumer Prices Index inflation fell to 0.3% in January, its lowest level since records began. Cheaper petrol prices and lower food prices, which was helped by a supermarket price war has cut the rate from 0.5% in December to 0.3% last Read more…

Retirees warned over pension scams after text alert

Pensions minister Steve Webb has warned retirees over the dangers of pension scammers after he received a text message from a suspicious sounding firm offering to review his pension savings.   Webb told a conference audience last week the government was aware criminals were looking Read more…

Virgin Media to invest £3billion in broadband

Virgin Media has announced it is to invest £3billion in improving its fibre optic broadband network, which will create 6,000 new jobs of which 1,000 would be apprenticeships. It says it is the biggest investment in broadband infrastructure in the UK for more than 10 Read more…