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According to the British Chamber of Commerce, or the BCC, engineering plants have been busy once again in the West Midlands. The plants will be providing specialized parts to the German car industry. David Kern is the chief economist with the BCC. He says that manufacturing in Britain has been more successful than services [...] The rate of inflation during April jumped to a high of 3.7%, which is the highest it has been in the previous 17 months, and a much bigger leap than was anticipated. A large part of the rise of price inflation since November of 2008 is attributed to the increase in price of food, women’s clothing, [...] The monetary policy committee of the Bank of England voted on Thursday to hold the interest rates at .5% and not to extend its programme of cash injections back into the economy. The decision was expected by most and comes as the state of the economy showed mixed signs during the early months of 2010. Although the [...] |
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