Bank of England
This coverage examines the Bank of Englandโs decisions, reports, and policies, and their impact on the UK petcare industry. Pet Gazette reports on interest rate changes, inflation forecasts, economic updates, and financial stability measures, analysing how these factors influence consumer spending, business investment, and operational costs for pet retailers, wholesalers, distributors, and supply chain operators. Our coverage helps pet trade professionals understand the economic environment and plan strategically in response to monetary policy developments.
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Apr- 2016 -12 AprilCurrent Affairs
UK inflation rate reaches 0.5% in March
The UK inflation, as measured by the Consumer Prices Index, rose to 0.5 percent in March 2016, according to the Office for National Statistics. Although the rate has increased gradually since last October – reaching 0.3 percent in February – in terms of historical context it is still relatively low.…
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Jul- 2015 -30 JulyCurrent Affairs
UK GDP growth has increased in the second quarter
The UK recovery is well under-way with gross domestic product (GDP) per head increasing after seven years according to the Office for National Statistics (ONS). Growth measured at 0.7 percent in the second quarter of 2015, meaning a recovery from 0.4 percent from the first three months of the year.…
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