Bank of England: Use more Fivers
The Bank of England is urging banks and retailers to give out more £5 notes in change and this could see an increased number of the fivers in cash machines in England. The request is so that consumer demand is met. In the last 24 months, the number of £5 notes has increased by 30% to £1.3 billion. The popularity of the fiver leads to it only lasting 12 months in circulation, as opposed to 5 years plus for the fifty pound note.
Categories: Economics, General, Personal Finance Tags: 5, atm, bank of england, cash machine, consumer demand, retailer
UK not in Recession hints Andrew Sentence (Bank of England)
Dr Andrew Sentence, member of the Bank of England’s monetary committee, says UK economy appears to be growing again, i.e. out of recession. UK has joined the likes of the US, Japan, Germany, and France; all countries that have come out of recession.
The Office of National Statistics said that the economy had grown by 3 tenths of percent between July and September, which is less than expected by welcomed.
Categories: Economics, General, Science Tags: andrew, bank of england, monetary, recession, statistics, uk economy
