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The headline annual rate of inflation (RPI) in the UK fell in December to 0.9% from 3%. This is the lowest rate ever recorded.The (CPI) which excludes mortgage costs, fell to 3.1% from 4.1%.The £ crashed to US$1.40 on news of the banking crisis on Monday. Down from US$2.05 in 2007.UK jobless is set to reach 3.4 million by the end of 2011, forecaster Ernst & Young Item Club predicts. All of the UK's economic statistics are reported to be in free-fall.The UK economy is forecast to see its largest contraction since 1946.
The headline annual rate of inflation (RPI) in the UK fell in December to 0.9% from 3%. This is the lowest rate ever recorded.
The (CPI) which excludes mortgage costs, fell to 3.1% from 4.1%.
The £ crashed to US$1.40 on news of the banking crisis on Monday. Down from US$2.05 in 2007.
UK jobless is set to reach 3.4 million by the end of 2011, forecaster Ernst & Young Item Club predicts. All of the UK's economic statistics are reported to be in free-fall.
The UK economy is forecast to see its largest contraction since 1946.
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