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Poverty to rise and income to fall, says IFS
Middle incomes will fall by 7 per cent and a quarter of Britain’s children will be living in poverty by 2013, says a report from the Institute for Fiscal Studies.
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What does Moody’s downgrade mean for the UK?
Channel 4 News Economics Editor Faisal Islam, explains what Moody’s downgrade of 12 UK institutions means for the public and the banks.
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Pressure on families as inflation rises again
Inflation rates rise again as increases in the price of gas and electricity, combined with higher clothing costs, continue to pile pressure on household incomes.
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Osborne admits economic growth has slowed
Chancellor George Osborne admits that the economic recovery will be “choppy”, but says he is sticking by his plans for deficit reduction despite evidence of a slowdown.
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Rail fares set to jump 8 per cent
Commuters face more train travel misery as high inflation means ticket prices will increase by 8 per cent or more.
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Merkel and Sarkozy meet for high-pressure talks
Germany’s Angela Merkel shows unity with France’s Nicolas Sarkozy at a meeting in Paris, urging Eurozone partners to pass laws on deficit reduction, but they say there will be no pooling of debt.
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UK ‘will miss growth targets’
As the Government’s financial watchdog warns the UK economy will grow more slowly this year than expected, Channel 4 News looks at the UK’s place in the unhappy global economic picture.
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Surprise inflation drop may stall interest rate rise
Record discounts in the summer sales help deliver a surprise fall in inflation, which economists say could see the Bank of England freezing interest rates until spring 2012.
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TJ Hughes falls victim to High Street decline
As department store chain TJ Hughes teeters on the brink of administration, Channel 4 News learns two other fashion retailers are under threat in the slump on the British High Street.
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Greek default is ‘almost inevitable’
Ahead of a confidence vote in Greece’s government, which is battling to save the country’s economy, a leading economist tells Channel 4 News a Greek debt default is “almost inevitable”.
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Mass protests force Greek PM to offer resignation
The Greek Prime Minister offers to quit and make way for a national unity Government after protesters clash with police over austerity measures, as Jonathan Rugman reports.
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Poor hit hardest by 4.5 per cent inflation rate
Official figures reveal that May’s inflation rate remains at a two and half year high, as research shows that the poorest have been worst hit by rising food and drink costs.
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Bank of England keeps interest rates on hold
The Bank of England keeps interest rates on hold, with the Monetary Policy Committee voting to maintain the Bank’s base rate at 0.5 per cent for the 27th month in a row.
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FactCheck: Is NHS spending still in the black?
The Government has promised to increase real-terms spending on the NHS. But experts say spending is already falling, and only a tinker with the figures can save the Coalition’s blushes.
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Scottish Power leads way with big energy price rise
Britain’s hard-pressed householders face a new blow, as the big power companies prepare a round of double-digit price rises. Faisal Islam says it will push up inflation and pressure interest rates.