October 30, 2008

• MPC Calls For Rate Cuts

  David Blancheflower, member of the Monetary Policy Committee, is calling for significant and quick interest rate cuts.
  Speaking at the University of Kent Blanchflower warns that a lack of decisive action on interest rates will mean the impending recession will be even more prolonged.
  He says: “My view remains that interest rates do need to come [...]

October 28, 2008

• Petrol prices ‘could fall below 90p’

  [caption id="attachment_27" align="alignleft" width="100" caption="The price of petrol could be on it's way down again"][/caption]
  Petrol prices have fallen to less than a pound a litre for the first time in nearly a year, and could fall to below 90 pence within weeks, experts believe.
  Petrol prices have fallen to less than £1 a litre for [...]

October 17, 2008

• Cheaper Mobile Phones Hit Phone Firms Profits

  Mobile phone maker Sony Ericsson has seen pre-tax profits fall, blaming demand for cheaper phones and fluctuation in currency rates.
  It made a profit of 12 million euros (£9.3m; $16.2m) in the three months to 30 September. If restructuring costs are included, it made a 23m euro loss.
  Consumers were scaling back when buying new [...]