European Interest Rates Tumble
In Frankfurt, London, and Stockholm, central banks on Thursday announced some of the greatest drops ever recorded in an effort to combat the recession brought on by the global financial crisis. Seeking to boost its economy, France announced a
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Unemployment at seven-year high
UK unemployment total rises again
The number of people out of work in the UK rose by another 81,000 between May and July, to 1.72 million, according to government figures.
That took the official unemployment rate up from 5.3% to 5.5%.
The number of people claiming jobseeker’s allowance also rose, by 32,500 to 904,900 in [...]