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Shops Fear Bleak Summer With Sharp Rise In Prices

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http://www.guardian.co.uk/business/2011/may/04/retail-food-prices-inflation

Retailers today blamed a surge in the cost of basic commodities for a jump in shop price inflation they fear could send customers scurrying from the high street.

The industry, which has struggled to recover from the recession after a brief renaissance last year, is expecting to face a less than sunny summer as government cuts drain consumer confidence and inflation reduces their spending power.

http://www.guardian.co.uk/business/2011/may/03/british-manufacturing-falters

Manufacturing's role as the engine of the UK's recovery appears to be faltering after figures showed output fell to a seven-month low last month.

Data released on Tuesday suggested that manufacturing, which has had a starring role in the Treasury's growth strategy, is now flagging as domestic customers cut their spending. The monthly Markit/CIPS PMI index of the manufacturing sector fell to 54.6 points in April – the weakest reading since last September. March's reading was also revised down, from 57.1 to 56.7 – still above the 50-point mark that separates expansion from contraction.

It's almost as if the MPC is about to meet and they need justification to keep rates at record lows....

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It's almost as if the MPC is about to meet and they need justification to keep rates at record lows....

Aside from all the excuses that Merv gave the other day why they shouldn't go up.

They said rates would rise in May, now they say it will happen in August. What say that in August they'll say it will happen in November? All the while the banks will be laughing their heads off as more people get scared and manipulated into expensive fixed rates on their mortgage....

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It's almost as if the MPC is about to meet and they need justification to keep rates at record lows....

They don't need to justify anything.

They're unelected and unaccountable.

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  • 312 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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