UK Inflation Update From Business Consultancy One Stop Shop By
November 29th, 2009
UK Inflation Update From Business Consultancy One Stop Shop By Dr. Mark Yates
As a business consultant people are always asking for a UK Inflation Update. This is a fact supported by this topic featuring in the top 10 searches on AOL on March 25th 2009. People are concerned and rightly so given we are in the middle of a seismic economic downturn.
Dr. Mark D. Yates from www.businessconsultancyonestopshop.com suggest that two of the most frequently asked questions are;
1. Whether inflation is set to rise.
2. Whether we are about to slip into deflation.
These two questions will no doubt be fuelled by the Governor of the Bank of England Mervyn Kings comments today in which he warned that the failing state of British public finances ruled out a giveaway budget next month to turbo charge the economy. Which was not the confidence inspiring UK Inflation update we were anticipating.
Dr. Mark D. Yates adds the Conservatives are claiming the bank has supported their viewpoint that the UK cannot spend its way out of the current recession. King further warned MPs that the chancellor should exert extreme caution regarding any tax and spending measures which will ultimately lead to higher borrowings.
On a different business front i.e. that of retail further bankruptcies are expected in the next few weeks as retailers face paying their quarterly rent bills. I know that every financial and business consultant related to www.businessconsultancyonestopshop.com will be monitoring this issue.
So as a UK Inflation Update Dr. Mark D. Yates business consultant from www.businessconsultancyonestopshop.com further suggests that the spectre of deflation is not going away; its most likely lying in temporary suspension as the City called it wrong today after predicting a fall in the retail prices index RPI of 0.8. In reality RPI was at zero which is at its lowest in 49 years i.e. March 1960. Hows this for a UK Inflation update some financial experts are predicting a move into negative territory in April 2009.
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