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Category Archives: savings

Pensioners have been ‘hit particularly hard’ by the recession

Both pensioners and the poorest households have been badly hit by the recent recession, according to a report produced by the Institute of Fiscal Studies (IFS) and funded by the BBC. The IFS estimates that in the three years from 2008 to 2011 real household incomes will have fallen by 1.6%, or £360 per year. This means that households are … Continue reading

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I’m expecting a call from the Queen at lunchtime

Well to be strictly accurate it will be from the Queen’s Head. I’m meeting Skipper Harrison and some of the lads down there for a celebratory drink. We’re used to late night sittings, so this running the country stuff should be a bit of a doddle. The first thing we will have to do is choose a cabinet. I know … Continue reading

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Rapid rise in UK inflation

The Consumer Prices Index (CPI) rose to 3.5% in January from 2.9% in December. According to the Office of National Statistics (ONS) this is the second largest ever increase in the annual inflation rate between two months. It follows on from the record increase of 1.0% in the annual inflation rate between November and December. The reason for the increase … Continue reading

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Fall in consumer confidence

Consumer confidence fell in the last quarter of 2009 with nearly a third of consumers expecting the economy to get worse this year, according to research published today by the Association of British Insurers.   Of 2,500 adults questioned, 31% expected the economy to worsen in 2010 with only 39% being optimistic – a sharp fall from the 52% recorded … Continue reading

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The world is trapped in a global savings glut

So starts an article published last week by Robin Wells on the guardian.co.uk website. The title of her article is: Big savers got us into this mess, as well as big spenders.   She starts by saying that the global savings glut is the source of our economic problems as well as an obstacle to our recovery and claims that … Continue reading

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