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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Risks to the global recovery

The global recovery is firmly under way, but is taking place at different speeds across countries and regions, according to the OECD’s latest Economic Outlook. World gross domestic product (GDP) is projected to increase by 4.2% this year and by 4.6% in 2012. Across OECD countries GDP is projected to rise by 2.3% this year and by 2.8% in 2012, … Continue reading

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UK Growth is “on a plateau”

Is the UK economy grinding to a halt? Latest figures show that GDP in the first quarter of 2011 grew at only 0.5%. This follows on from a decline of 0.5% in the last quarter of 2010, which suggests that overall the economy has stood still for the past six months. As Joe Grice, chief economist for the ONS put … Continue reading

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