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UK Economy Slows to Growth of Just 0.2 Percent
15/08/2011
It has recently been reported in the National Press that economic growth was just 0.2% in the second quarter of 2011, which is well below the target growth rate of 0.5% (seen in quarter 1). The Office for National Statistics said that this figure could be down to one-off factors such as the Royal Wedding or London Olympics ticket sales.
David Cameron has ruled out tax cuts or spending increases to help the economy to recover, after it was reported that the Prime Minister is concerned with just how effective George Osbourne is at kick-starting growth.
Homeowners aged over 55 years who are concerned about their standard of living and would like to know how much money the value of their property could release to increase their income, can find out by contacting therightequityrelease.co.uk for equity release advice.
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