UK inflation rate rises to 2.9% in June 2013
The Consumer Prices Index (CPI) measure of inflation rose to 2.9% in June, according to the Office for National Statistics.
Europe isn’t working
Unemployment in the Eurozone hits a new record high. The seasonally-adjusted unemployment figures show that from March to April 2013 an extra 95,000 people were out of work in the 17 countries that use the euro.
The European Central Bank cuts interest rates to record low
The European Central Bank has cut its benchmark interest rate to a new record low of 0.5%.