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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?


To: prometheus1976 who wrote (37040)7/13/2008 7:55:06 PM
From: elmatador  Respond to of 219831
 
he said: "35% of one person's annual income" There was no mention of 35 pounds.



To: prometheus1976 who wrote (37040)7/14/2008 8:08:15 AM
From: TobagoJack  Read Replies (2) | Respond to of 219831
 
just in in-tray

Wow - these numbers out of the UK are horrendous.

July 14 (Bloomberg) -- U.K. producer prices increased at the fastest pace in at least 22 years in June, making it harder for the Bank of England to cut interest rates as the economy edges toward a recession.

Prices charged by factories rose 10 percent from a year earlier, the most since comparable records began in 1986, the Office for National Statistics said in London today. Economists forecast 9.9 percent, according to the median of 28 estimates in a Bloomberg News survey. Prices increased 0.9 percent from May.

Manufacturers have raised prices to pass on the burden of record oil costs, undercutting living standards as Britain faces the prospect of its first recession since 1991. The Bank of England kept its benchmark interest rate at 5 percent on July 10 after inflation reached the fastest pace in more than a decade.