It seems like money makes the world go round. There have however been plenty of experiments involving doing away with the official currency. Before there was proper money goods and services were exchanged directly for each other. Eventually Sumerian types decided that it was easier to trade using granary receipts rather than the grain [...]
Tag Archives: inflation
Inflation rises to 5.2%
October 18, 2023
It has just been revealed by the Bank of England that inflation has risen to 5.2% - its highest level in three years. The figure is up from 4.5% in August, and rising energy costs seem to be the main culprit to blame for the hike. These figures are bad news for the British public, [...]
40% of households suffer financial slump
August 22, 2023
40% of households have seen their finances take a dip in the last month, according to financial information company Markit. In a study of 1500 adults, Markit used the Household Finances Index (HFI) to determine the state of the country’s personal finances. They have found that debt levels have gone up in a large proportion [...]
Cost of living continues to rise
August 17, 2023
New figures show the cost of living in Britain is steadily rising. Stats from the Office for National Statistics show that the rate of annual inflation reached 4.4% in July, and the Bank of England warn this could hit 5% before the end of the year.
UK inflation rate means price hike for rail travellers
August 16, 2023
Commuters will be faced with increased rail fares of 8% after the July 2015 inflation figures were announced this morning.
October 12, 2023
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