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(National statistics,2006). Bank of England remain interest rate unchanged at 4.5% in the first quarter of the year. (Houseweb 2006) The inflation rate rose by 1.9 per cent in January, the largest upward effect came from transport, fuels and lubricants price changes. The inflation rate rose by 2.0 per cent in February largely caused by the price of the recreational items. The inflation rate rose by 1.8 per cent in March, largely due to the price of food and non-alcoholic beverages cut. (National statistics, 2006) The overall unemployment rate is 5.0 per cent over the first quarter of year. (National statistics, 2006)
?Second quarter of year
UK gross domestic product grew by 0...
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