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Latest round of figures are looking better than expected. High street sales were up in January, Internet sale continue to grow quickly and there's starting to become a more up beat feel in the City about our prospects. Good time to invest maybe for a brighter future? ![]()
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First really good signs of a recovery about to start in the UK as inflation goes down to less than 3%. Its set to fall even further in the summer which will increase general business optimism for a brighter future. Within 12 months we predict a real noticable change and the getting better feal factor starting to return to the people of the UK. The Olympics can only help in this process and maybe even quicken the recovery for the country as a whole. There is light at the end of the tunnel! ![]()
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New £50 note has been released by the Mint and don't worry if you've got a stash of the old ones (lucky whatsit) they are still legal tender. I'd love to start collecting them!!! ![]()
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David Cameron has warned that the world economy is at a "moment of danger", amid fresh fears that eurozone crisis is spiralling out of control.
With stock markets plunging again on speculation that a Greek default could be close, the Prime Minister said decisive action to prop up the single currency is "vital".
The comments came as EU finance ministers met in Luxembourg for the latest round of talks on how to stabilise the chaotic situation.
Share prices have continued to fall around the globe following Athens' admission on Monday that it will miss its deficit reduction targets, and on concerns about stalling growth.
Speaking to the BBC at the Conservative Party conference in Manchester, Mr Cameron said: "I think there are some very serious clouds on the horizon, chief amongst them is the problems in the eurozone where the French economy, the German economy have both stalled, and that is a real problem for the British economy.
"I think what we've got to do is line up the problems. Dealing with the eurozone, that's absolutely vital, then we've got to the look at the British economy and say look we've got a deficit reduction plan, that's good, that keeps our interest rates low, but we need more on the growth front."
The premier said he is acting in "Britain's national interests" by encouraging the eurozone to integrate further to tackle the current problems.
He stressed that non-single currency members would require "safeguards" to protect their interests as the necessary reforms are implemented.
Mr Cameron admitted that European leaders had not reacted decisively enough to deal with the Greek debt problems over the summer.
Asked if there had been a lack of urgency, he replied: "I acknowledge that. Part of the problem is the Greek programme that was put in place, the milestones that they have to hit, people in the eurozone expected that to happen. That has not happened.":(