Today
An interview with Adam Marshall on the BCC’s 90 day Progress Report was featured on Wyvern FM this morning.
David Kern will be interviewed on BBC News later today and will discuss the UK’s official inflation figures.
Top Story
Union calls off strike threat after a new deal is tabled in dispute with BAA. Daily Mail, pg. 2. BBC.
Key Stories
CPI inflation falls slightly, to 3.1% in July, but it remains stubbornly high. BBC.
BCC View: Although inflation is still above the Bank of England’s target, it would be wrong for the Monetary Policy Committee (MPC) to overreact to today’s figures by raising interest rates or withdrawing the support provided by quantitative easing. Businesses need a prolonged period of low interest rates.
Government will refocus public spending on areas that will improve the UK’s future economic prospects. BBC.
More News...
China overtakes Japan in the second quarter of 2010 to become the world’s second largest economy. Guardian, pg. 14. Tele, pg. B1.
Double dip recession is a possibility, says outgoing Office for Budget Responsibility (OBR) chief. Independent, pg. 10.
Review into university finance likely to recommend that student loans are extended to part-time students. Guardian, pg. 1.
Eurozone inflation reaches 20 month high. Tele, pg. B2.
Corus announces a multi-million pound investment in Port Talbot, Wales. Tele, pg. B3.
Former PM, Tony Blair, donates all the profits from his new book to the Royal British Legion. Guardian, pg. 11. Independent, pg. 1. Times, pg. 1. Telegraph.
Nick Clegg’s comments on the renewal of Trident risks raising tensions in the Coalition. Times, pg. 13.
UKIP leader to stand down. Telegraph.
Write Comment