One in six families sold their second car in 2011

This is according to Bridgestone, the tyre maker, who surveyed 2,000 UK families. This was principally due to the continued rise in fuel prices, but was also influenced by insurance costs and the general rise in the cost of living. The survey also found that many more families may be forced to take similar action this year, with over 90% … Continue reading

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A rise in VAT would cost 163,000 jobs

This is the headline figure published today by the British Retail Consortium following a study carried our by the Centre for Economics and Business Research using its model of the UK economy. They found that an increase in VAT to 20% from its current level of 17.5% would result in the loss of 163,000 jobs over four years and a … Continue reading

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Should there be minimum prices set on alcohol?

The House of Commons Health Committee has just called for minimum prices to be set on alcoholic drinks. They are concerned at the negative external costs which the use of alcohol generates, and suggest that a minimum price of 50p per unit of alcohol could save about 3000 lives a year. They estimate that the total cost of the misuse … Continue reading

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