- Tightening the Inflation Tax Increases so That the UK Economy Worse
Tightening the Inflation Tax Increases so That the UK Economy Worse
- By Lanbo Jiang
- Published 02/27/2012
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Retailers have also resorted to every means to try to make up some time ago due to heavy snow on the impact caused by the loss of sales, most stores have substantially let, the maximum discount of 75%.
Momentum in the retail industry rose significantly, to 12 months, 67% of retailers surveyed said sales increased over last year, only 11% said sales were down. CBI chief economic adviser, Macquarie Fudi also said: "Compared to last year, merchandise sales are strong, pre-Christmas shopping season this year has been to gain acceptance.
However, due to the slow economic recovery in the UK, financial constraints coupled with inflation will also be struck, the whole market of consumer prices is worrisome. Next year the British and even the days of the next few years will be very tight.
According to Office for National Statistics (ONS) 12 月 14 data released: November UK consumer price index (CPI) rose 3.3%, 0.4% the previous month, well above the 2% target. The retail price index (RPI) inflation rose from 4.5% to 4.7%.
3.3% announced by the Government is certainly hold back, the inflation rate of at least 5% to 10%, now only take the cheap route, as much as possible to keep way of life.
With inflation and government expenditure, all her shopping plan will be affected, in order to reduce the cost of living after marriage she moved to the outskirts of London living.
In the human resources to do a British company has not felt the Chinese Janey
Inflation actually received attention in the near future, we heard a lot of people will spend more of their income on daily expenses, such as gasoline or food, which means spending cuts in other areas.
The last weekend before Christmas, this is one of the most concentrated in the acquisition of a two-day Christmas and New Year gift, but unfortunately a storm not seen for 30 years, resulting in traffic gridlock, blocking people's shopping spree, but also swept away their business hope. Old department store John Lewis is only 18 a day to lose at least more than 5 million pounds of sales. 20, that is, the first trading day after the snow, the British FTSE 100 index of the retail sector fell across the board, the biggest drop of 2.4%. And a retail research firm snow on the 18th day of the British national survey of more than 6,000 retail stores, sales were down 24.3% on average last year. As a result, businesses are hoping in the last week of 2010, to recover some losses.
Storm may be temporary, but the economic operation of the UK consumer market is where the real haze. First, only a mere three-quarter economic growth rate of 0.7%, so many agencies lowered its 2011 growth forecasts. Growth is expected to reduce next year's austerity policies primarily related to approximately 500,000 public servants will be laid off, social welfare spending will be slashed, the VAT will be raised, which are pushing up retail prices. In addition, the Bank of England meeting showed, as earlier this year, the pound soaring prices of imported food and other commodities, combined with gasoline, diesel, financial services, public transportation, entertainment, industry prices, the possibility of inflation in coming months is obvious.