Could the global recovery be hit by rising oil prices?

Earlier this week the price of Brent Crude oil rose to $95 a barrel, which was the highest level for just over two years. Although this has fallen slightly since it is still a major cause for concern. There are pressures on both the demand and supply sides. The International Energy Agency has forecast that oil consumption will increase by … Continue reading

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Why is inflation staying so high?

The UK is suffering far higher inflation than most people expected at this stage of the economic cycle. Our inflation is well above that in the US and EU. What are the reasons for this and what implications can we expect? Roger Bootle has tackled this question in an article in the Telegraph. He believes that one-off factors have been … Continue reading

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Survey suggests continued growth in UK economy

The latest Economic Survey from the British Chambers of Commerce suggests that there was continued growth in the second quarter of 0.6% to 0.7%. The survey, which is based on data collected from over 5,600 businesses throughout the country found that domestic manufacturing sales surged by 29 points in the second quarter to +30% and manufacturing export sales rose by … Continue reading

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How firms price their products

I have just come across two interesting articles about pricing. The first one concerns the apple crop in New York State. It seems that New York’s apple orchards are being carpeted with red as unpicked apples drop to the ground. With the best of the crop off to market, growers say this year it’s cheaper to leave leftovers on the … Continue reading

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