Inflation eases in British shops July 31, 2012 PRICES in Britain’s shops rose just one per cent in July compared to the previous year, dragged down by the brakes being hit on food inflation. Food prices increased 3.1 per cent annualised in July, the British Retail Consortium announced this morning, a less severe rise than the 3.5 per cent recorded in June. Overall [...]
ONS reveals hit to household income in 2012 July 31, 2012 HOUSEHOLDS came in for a hammering in the first quarter of the year, as income, expenditure and saving all crashed, the Office for National Statistics said yesterday. Household income collapsed to its lowest level since mid-2005, while expenditure fell to its second lowest level since mid-2003, the newest statistics showed, as the second dip of [...]
Eurozone sees retail and jobs battering July 31, 2012 EUROZONE unemployment ballooned in June, as rates crept up across almost all nations, according to data released by Eurostat and others yesterday. Only Germany and Cyprus saw any improvement, while grim retail data hit Greece, France and Spain. Unemployment climbed 123,000 in the Eurozone, to a total of 17.8m, meaning that since last year, two [...]
Treasury set to scrap flagship credit scheme July 31, 2012 THE TREASURY has come under fire for appearing to abandon what it had said was its flagship programme for boosting lending, as it rolls out a newer scheme today. The National Loan Guarantee Scheme, known as “credit easing”, was launched just six months ago to provide credit to small businesses. But with Funding for Lending being [...]
Leaders look to protect euro July 31, 2012 FRENCH President Francois Hollande and Italian Prime Minister Mario Monti yesterday repeated their pledge to try and rein in the Eurozone’s spiraling financial crisis quickly. “We must be able to use the measures and tools agreed upon as quickly as possible,” Hollande and Monti said in a joint statement after a meeting in Paris, as [...]
Greek minister: we’re on brink July 31, 2012 NEAR-BANKRUPT Greece is fast running out of cash while it waits for its next instalment of aid from international lenders, a deputy finance minister said yesterday. “Cash reserves are almost zero. It is risky to say until when [they will last] as it always depends on the budget execution, revenues and expenditure,” Christos Staikouras said. [...]
Phillips celebrates silver and dismisses right royal regrets July 31, 2012 AT GREENWICH PARK ECSTATIC Zara Phillips insists she has no regrets at narrowly missing out on Olympic gold after helping Great Britain’s equestrians claim a superb silver medal in the team eventing yesterday. The Queen’s grand-daughter, Mary King, William Fox-Pitt, Nicola Wilson and Tina Cook held off a challenge from New Zealand to finish behind [...]
Phelps finishes first to break all records as star in the East continues to blaze July 31, 2012 AT THE AQUATICS CENTRE SWIMMER Michael Phelps thanked his American team-mates after he became the most decorated Olympian of all time last night, as controversial Chinese teen sensation Ye Shiwen claimed her second gold of London 2012. An emphatic victory in the 4x200m freestyle saw Phelps, 27, surpass Russian gymnast Larisa Latynina’s 18 Olympic medals, [...]
Murray through but leading ladies go July 31, 2012 BRITISH No1 Andy Murray admits he will have to perform at his best if he is to advance beyond Marcos Baghdatis and into the fourth round of the men’s Olympics tennis tournament. “I had a tough match with him at Wimbledon a few weeks ago,” said Murray. “I certainly won’t be taking anything for granted. [...]
Henry: My exit showed Arsenal can cope without Van Persie July 31, 2012 ARSENAL favourite Thierry Henry believes the club to be capable of coping with the potential loss of captain Robin van Persie should the forward this summer leave. Van Persie is insistent he will not consider remaining at the club beyond the final 12 months of his contract and could depart as early as this month. [...]
