UK economy contracts in April – recession on the cards?
The latest data from the Office for National Statistics shows the UK economy shrank by 0.3% in April, following a smaller contraction of 0.1% in March.
June Gold News 2022
US inflation hits 40-year high
Inflation in the United States has jumped up to 8.6% according to data released today by the Bureau of Labor Statistics.
Deutsche Bank: UK interest rates could hit 2.5% by February
Investment bankers Deutsche Bank are predicting a much steeper rise in interest rates from the Bank of England as the UK looks to rein in inflationary pressure on the economy.
£100 to fill a petrol tank after biggest daily petrol price jump in 17 years
The price of fuel continues to rise, with the RAC reporting yesterday that the cost of filling the average petrol tank is now above £100.
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