Deloitte have put together an infographic detailing the winners and losers from today’s budget.
Struggling to work out whether you’ll be better or worse off after today’s emergency budget?
Today’s pre-budget report presented by Chancellor Darling has taken most of today’s headlines, with politics seeming to overtake economics this time round, obviously with an eye on next year’s General election.
Probably best to put that champagne on ice, because the UK hasn’t exited the recession as had been expected. The latest GDP figures released show that the UK economy contracted by 0.4% between July and September.
ThisIsMoney points to an interesting graph comparing the current recession to some of the previous economic slumps.
Lovemoney.com have produced a video featuring the opinions a few respected financial commentators to try to get to the bottom of whether we’re starting to come out of the recession, or whether we’re destined to suffer from it for some time to come. The conclusions they come to make for some sobering viewing, and suggest that the effects of this recession could be felt for several years.
So, Britain has officially fallen into a period of deflation, for the first time in nearly 50 years, with the news that the Retail Price Index (RPI), has gone sub zero, to -0.4%.
The BBC has a run down of the FSA’s bank reform recommendations announced today, which are aimed at bringing us out of this horrible mess and prevent it happening in the future.
The Bank of England has decided to halve the UK interest rates to a new all-time low of just 0.5%.
Might be a little late for this poll, but what the heck. The Bank of England will make its monthly decision on interest rates tomorrow (Thursday 5th March), with rates currently sitting at the lowest ever rate of 1%.