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MPC maintains interest rates at 0.5%

MPC maintains interest rates at 0.5%

There was no shock announcement from the Bank of England’s rate-setting committee at noon today, as interest rates remain on hold at 0.5%.
UK predicted to return back to growth

UK predicted to return back to growth

The UK is currently in recession, but an influential group has predicted that the country will return to growth in the second half of this year.
UK falls back into recession

UK falls back into recession

The UK is back in recession after figures from the Office for National Statistics (ONS) revealed the economy shrank by 0.2% in the first three months of 2012.
Inflation increases from 3.4% to 3.5%

Inflation increases from 3.4% to 3.5%

Inflation figures released today show the Consumer Prices Index (CPI) rose during March, from 3.4% to 3.5%.
UK to continue to struggle until next year

UK to continue to struggle until next year

The UK will struggle on this year, with only a minor increase in output, before a more sustainable recovery next year, it has been predicted.
Base rate remains at 0.5%

Base rate remains at 0.5%

There was no surprise announcement from the Bank of England today, as it was confirmed that interest rates will remain at 0.5%.
Fall in UK economy revised downwards

Fall in UK economy revised downwards

The fall in the UK economy during the last three months of 2011 has been revised downwards, it has been confirmed.
First class stamps to cost 60p

First class stamps to cost 60p

The price of a first class stamp is to increase from 46p to 60p from the end of April, with the price of second class stamps also to rise.
George Osborne delivers 2012 Budget

George Osborne delivers 2012 Budget

The Chancellor of the Exchequer George Osborne delivered his 2012 Budget in the Commons today, promising to increase personal allowances.
Bank rate setters split on more QE

Bank rate setters split on more QE

Two of the Bank of England’s rate setting committee argued that quantitative easing (QE) should be further expanded this month, but found themselves outnumbered.


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