The economy covers production, distribution and trade while also referring to the consumption of services and goods by various agents (such as businesses, organisations and government as well as individuals). Read our posts about the economy to learn more.


Vince Cable Admits Difficult Conditions

We found this article interesting about the possibility of a double-dip recession.

Powered by article titled “Vince Cable admits ‘difficult conditions’ may lead to a double-dip recession” was written by Patrick Wintour, political editor, for The Guardian on Wednesday 19th October

Construction Insolvencies Increase By a Fifth

The construction industry could sink deeper into recession as the number of companies who became insolvent rose by nearly a fifth in the last financial quarter.

There were 948 insolvencies in the first three months of the year, a 19 …

VAT Rise to Cause Inflation Increase

Inflation could rise to as much as 4.2 percent, as the VAT increase takes effect, City economists have warned. Consumer price inflation reached 3.7 percent in December. The rate of VAT increased from 17.5 percent to 20 percent on January …

UK Economy Recovers Faster Than Expected

The British economy has been given a boost with the news that the there has been twice as fast growth in the third quarter as expected.

Economists had been widely predicting growth of 0.4 percent as the opposed to the …

Interest Rates Kept at 0.5%

British interest rates are to be kept at a record low of 0.5% for the 19th month in a row by the Bank of England.

It was widely expected that the rate would be maintained at this level, despite one …

UK Economy Grows Faster Than First Thought

A boost in the construction sector has contributed to better than expected growth in the UK economy in the second quarter of 2010.

The Office for National Statistics (ONS) has revised its previous estimate of 1.1% growth to 1.2%.

Construction …