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Offbeat British inflation rises surprisingly

10:50  15 july  2020
10:50  15 july  2020 Source:   de.reuters.com

On The Money: Deficit rises to record $2.7 trillion amid pandemic: CBO | Democrats sidestep budget deal by seeking $250B in emergency spending | House panel advances spending bill with funding boost to IRS

  On The Money: Deficit rises to record $2.7 trillion amid pandemic: CBO | Democrats sidestep budget deal by seeking $250B in emergency spending | House panel advances spending bill with funding boost to IRS Happy Wednesday and welcome back to On The Money. I'm Sylvan Lane, and here's your nightly guide to everything affecting your bills, bank account and bottom line.See something I missed? Let me know at slane@thehill.com or tweet me @SylvanLane. And if you like your newsletter, you can subscribe to it here: http://bit.ly/1NxxW2N.Write us with tips, suggestions and news: slane@thehill.com, njagoda@thehill.com and nelis@thehill.com. Follow us on Twitter: @SylvanLane, @NJagoda and @NivElis.THE BIG DEAL-Deficit rises to record $2.7 trillion amid pandemic: CBO: The federal deficit in the first nine months of the fiscal year hit a record $2.

September's inflation figure is important as it will be used to set state pensions, which are expected to rise by about £4.25 a week. It will also be used to determine business rates for the coming year, with the British Retail Consortium forecasting a £180m increase in retailers' costs. Mike Hardie, head of

UK inflation rose to 2.5% in July, after holding steady at 2.4% in the previous three months, as the cost of transport and computer games increased. Despite the rise for CPI, wage growth is still outstripping inflation . On Tuesday, the Office for National Statistics said that average earnings, excluding

British five pound banknotes are seen in this picture illustration © Reuters / BENOIT TESSIER British five pound banknotes are seen in this picture illustration

London (Reuters) - Inflation in the UK rises surprisingly.

Annual inflation rose to 0.6 percent in June from 0.5 percent in May, as the National Statistics Office ONS announced on Wednesday. Experts had anticipated a drop to 0.4 percent. Despite the slight increase, the inflation rate remains well below the target value of two percent that the Bank of England (BoE) has set as the ideal value for the economy.

The hard-hit economy in the United Kingdom hit hard by the corona crisis is getting back on its feet with difficulty: gross domestic product rose by 1.8 percent in May. In April, the economy slumped at a record pace due to the extensive corona containment measures - by 20.3 percent. Britain is considered one of the world's hardest hit by the pandemic.

French FM says reforms in crisis-hit Lebanon taking 'too long' .
France's top diplomat Jean-Yves Le Drian voiced his disappointment Thursday at the speed of reforms in Lebanon and warned that any international assistance hinged on urgent action. Lebanon is in the midst of its worst economic crisis since the 1975-1990 civil war, marked by a steep currency fall and runaway inflation that have plunged nearly half of the population into poverty. "Concrete actions have been expected for too long," Le Drian said onLebanon is in the midst of its worst economic crisis since the 1975-1990 civil war, marked by a steep currency fall and runaway inflation that have plunged nearly half of the population into poverty.

usr: 1
This is interesting!