Countdown to Financial Armageddon
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Countdown to Financial Armageddon
Tracking the final days of the debt bubble
Curated by Nick Laight
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Inflation to rise despite Bank assurances as economists downgrade growth forecasts

Inflation to rise despite Bank assurances as economists downgrade growth forecasts | Countdown to Financial Armageddon | Scoop.it

The official rate of inflation is predicted to rise even higher this week, defying assurances price rises will fall back, while two heavyweight economist groups downgraded UK growth forecasts. City economists say inflation could hit 5 per cent when figures are published Tuesday 18 Oct, putting further pressure on the incomes of cash-squeezed families, savers and pensioners.

 

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Bank of England's QE2 may reach £500bn, economists warn!

Bank of England's QE2 may reach £500bn, economists warn! | Countdown to Financial Armageddon | Scoop.it

The Bank of England may have to inject as much as £500bn into the economy to rescue Britain's faltering recovery, economists warned after the central bank shocked markets by restarting its money printing programme.

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Basic Living Costs in Britain at 20-Year High

Basic Living Costs in Britain at 20-Year High | Countdown to Financial Armageddon | Scoop.it

Households are spending more of their post-tax income on essentials than at any time since the height of the 1990s recession when interest rates reached 14pc.

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