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06th of October 2010
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News Tag: Retail Price Index

October 1, 2010

New minimum wage comes into force today

by Kay Murchie
”New
The UK minimum wage will rise by 13p (2%) to £5.93 an hour today and is set to benefit almost one million people, according to the Low Pay Commission. The 13p an hour rise applies to workers aged 21 and over. Meanwhile, the rate for 18 to 20-year-olds will increase by 9p to £4.92, while 16 and 17-year-olds will see a ...




June 21, 2010

Minimum wage to rise 13p an hour from October

by Kay Murchie
”Minimum
It has been announced that the UK minimum wage will rise by 13p (2%) to £5.93 an hour from October 1 and is set to benefit almost one million people, according to the Low Pay Commission. The 13p an hour rise applies to workers aged 21 and over. Meanwhile, the rate for 18 to 20-year-olds will increase by 9p ...




August 18, 2009

UK inflation figures due today with further fall expected

by Kay Murchie
”UK
The Office for National Statistics (ONS) is due to release the latest UK inflation figures today with analysts expecting a decline, albeit the rapid falls seen of late are expected to ease. Last month, the ONS revealed that the Consumer Prices Index (CPI), a key measure of inflation, had fallen to an annual rate of 1.8% from 2.2% the ...




July 14, 2009

UK inflation dips below BoE target of 2%

by Kay Murchie
”UK
The Consumer Prices Index (CPI), a key measure of inflation, has dipped below the Bank of England's target of 2%. The Office for National Statistics (ONS) has revealed that the CPI fell to an annual rate of 1.8% in June from 2.2% the previous month. The CPI hit 5.2% in September last year (a 16-year high), driven by high oil ...




June 16, 2009

UK inflation remains above BoE target

by Kay Murchie
”UK
Figures from the Office for National Statistics (ONS) have revealed today that UK Consumer Price Inflation (CPI) fell from 2.3% in April to 2.2% in May - still in line with the Bank of England's target of 2%. The fall was much less than analysts had expected who had predicted a sharper fall as a result of the recession. However, the ...




May 19, 2009

UK inflation continues to fall

by Kay Murchie
”UK
The Office for National Statistics has announced today that the Consumer Prices Index (CPI), fell to 2.3% in April from 2.9% in March. The fall in CPI was much deeper than had been expected by economists as consumer demand continues to weaken amid the economic downturn. In the meantime Retail Price Index (RPI), which includes mortgage costs, also fell to -1.2% in April from ...




April 1, 2009

Increase in business tax rate abandoned at last minute

by Peter Charalambous
”Increase
A last minute U-turn has meant that the Chancellor, Alistair Darling, has not pressed ahead with the planned increase of business rates on 1.6 million properties, which were expected to increase by 5 percent today. The surprise announcement came after sustained lobbying from small businesses who revealed that such a hike would mean that many thousands of companies would ...





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