The Bank of England increased rates by a quarter of a percent to 4.75% in an effort to keep inflation in check.
Inflation
Consumer Price Index rose to 2.5% from 2.2% in May – well above the Government’s 2% target.
Consumer Confidence
GFK NOP’s Consumer Confidence headline index has remained at the same level as last month at -4.
Fall in oil production hits Industrial Output
Industrial Production in the UK unexpectedly contracted in June after a sharp fall in output in the energy sector, according to official figures released Monday
Forecasts were for an increase of 0.2%, but the actual result was a fall of 0.1%.
House prices up 7.7% says Land Registry .
House prices in England and Wales were 7.7% higher in the second quarter of this year compared with the same period in 2005, according to a report by the Land Registry published on Tuesday.
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