UK Economic Report
Please note that we are not authorised to provide any investment advice. The content on this page is for information purposes only.
As per latest UK economic report Bank of England has announced that it would be providing national economy with at least hundred billion pounds. This money, as per United Kingdom economic report would be provided in order to help UK fight off an impending recession.
Recent UK’s economic report has also confirmed that Bank of England would soon be making a proclamation as to whether it would take up quantitative easing whereby it would be purchasing debt incurred by corporate bodies and UK government.
Economic report of UK has also reported that monetary policy committee would be gearing up for a deduction in rates of interest. However, at present rate for borrowing is 1 percent, which is lowest in a long time. This implies that further rate deductions would not be possible.
In their economic report in UK a number of noted economists of UK have stated that Bank of England might spend a maximum of 150 billion pounds in order to purchase properties so that some additional financial help could be provided to UK economic system.
Economic report at UK has revealed that Alistair Darling who is chancellor of Bank of England has provided permission for this expenditure to go ahead.
However, it is also being assumed that this would be a risky proposition for tax payers in UK as it is their money that would be involved in this case.
It is expected that both monetary policy committee and Bank of England would be in talks in coming weeks regarding properties that may be bought by Bank of England as well as other details of quantitative easing.
Information from latest economic report for UK shows that shares have been depreciating in London even as traders have been waiting in anticipation of this announcement to be made. FTSE 100 has come down to 3597, which is equivalent of 48 points.
As per economic report from UK it has been learnt that sales of new automobiles have gone down at a rate of 22 percent in UK. This is yet another reconfirmation of troubled condition of UK economy.
Many a UK economic report has shown that recession is making its presence felt in this European nation with every passing day. Wage growth has been weak at best and prices of oil have been falling at a steady rate.
As per UK economic report levels of consumer demand have been falling at a steady rate as well, which has affected prospects of consumer spending. This, in addition to above mentioned factors, has made it hard for UK to contain its rate of inflation below 2 percent that Bank of England had previously aimed to achieve.
