The financial pressure easing on millions of British households from falling inflation could be short lived as warnings emerged that fuel prices could head for £1.50 per litre combined with poor harvests affecting food costs. The price of crude oil has been forced up in price due to rising tensions in the Middle East along…

The Bank of England has predicted that the UK economy will experience no growth whatsoever in 2012, as the nation’s bank revised its growth forecast again. Last year the Bank of England predicted that UK output would increase by 2% in 2012, which it lowered again to an estimate of 0.8% in May. Growth forecasts…

The Bank of England is going to print another £50billion in yet another round of quantitative easing as part of another effort to try and drag the UK out of its second recession. The Bank of England’s monetary policy committee has decided to add more money to the £325billion that it has already created in…

Sir Mervyn King, Governor of the Bank of England has told MPs that he could not rule out further cuts to the UK’s base rate of interest, while outlining possible plans to force British banks to resume lending. During an address to the Treasury Select Committee, Sir Mervyn spoke of the possibility of cutting the…

The supermarket chain Tesco has announced it will pay to exit its Japanese business interests. The move has come as the chain is suffering from falling sales in the UK. Tesco is reportedly disappointed that they have been forced to pay a rival company to take the business off of their hands. It will sell…