Britain's consumer spending slows in March - Andhravilas - Telugu cinema news | Telugu cinema | Telugu Movies | Telugu cinema reviews | telugu movie reviews | Tollywood | Telugu Movies Gossips | Telugu Movie schedules | Telugu Cinema | Telugu Movies | India News | World News | Bollywood | Telugu Movie Songs | Gossips
Home 90 కోట్ల కి అమ్ముడుపోయిన హీరో గారి ఇల్లు ఉద్యోగులందరికీ ఆప్షన్ కన్నీళ్లు పెట్టుకున్న సానియా నేను తెలంగాణవాడిని-వర్మ పవన్ కళ్యాణ్ దిగ్భ్రాంతి తప్పుడు కేసు అంటున్న రంభ సోదరుడు స్వామిగౌడ్ కి ఇది క్లిష్ట సమస్యే! పేరులో ఏముంది బాస్ తెలంగాణ బ్రాండ్ అంబాసిడర్ సానియా అన్ని ప్రాంతాలకు సమదూరంలో రాజధాని 82 ఏళ్ల భారత క్రికెట్‌ చరిత్రలో సచివాలయంలో అరుదైన పరిస్థితి తెలంగాణా ప్రజలకు కేసీఆర్ వరాల జల్లు విజయవాడ కి దారేది ? తెలంగాణ ఉద్యోగులకు కేసీఆర్ నజరానా రుణమాఫీపై క్లారిటీ trisha-d thaman- patatho-yerra nanna-che loukyam-kala-kurradu-gopi kamalni-aahvanin chitrangadanu-re bahubalilo- vache-y sruthini-pogidestunna-srinuv soha-pr saisrinivas-tadupari-c saikumar-memu- nag-stone-line-tho- manchu-herotho-heart-a kanchi-kaul-becomes-a-m polices-latt vadinapai-kann binami-rythulaku-sayam-andinc bharatiyulu-mru
Our Sites

Back to News Page


Britain's consumer spending slows in March

London, April 24 - British consumer spending power continued to slow in March, dropping by 1.1 percent compared to a year earlier reaching the lowest level since February 2011, Lloyds TSB bank said in a report Monday.

This equates to 113 pounds ($181.7) less spent on non-essential items a year, the report said. Meanwhile, spending on essential items rose to 6.2 percent, the fastest rate in over a year, largely driven by an increase in expenditure on food and drink, gas and electricity and debt repayment, Xinhua reported.

Figures show that Britain's Consumer Price Index (CPI), a major gauge for inflation, rose to 3.5 percent in March from 3.4 percent in the previous month.

The Office for National Statistics said high food and clothing prices pushed up inflation. Meanwhile, retail prices index inflation fell slightly to 3.6 percent from 3.7 percent.

The Lloyds report said consumers are feeling the biggest squeeze in spending power in over a year. A major factor behind the fall is weakening income growth, which slowed to 2.4 percent in March, compared to 3 percent in February.

Income is now at its lowest rate since February 2011 and remains below inflation.

However, consumers also spent an extra 33 percent on vehicle fuel in the last week of March compared to the week before in reaction to the threat of a fuel distribution strike. Overall, spending on fuel in March rose 12 percent compared with the previous month, said the report.

The average price of petrol in Britain continued to gain momentum and hit a new high to 142.28 pence per liter.

"Some 64 percent of people believe they are spending more on petrol and diesel compared to a year earlier," said Patrick Foley, chief economist at Lloyds TSB.

He said contrary to expectations at the start of the year, the squeeze on consumers is not yet beginning to ease. Although overall inflation declined in the five months to March, prices of essentials are rising at an increasing rate, whilst at the same time growth in income has slowed.

"The pace of economic recovery is thus likely to remain very weak over the next few months at least, with subsequent improvement dependent on a stabilization in living costs and impetus for growth from outside and consumer sector, particularly exports," Foley said.


More News....
Page 1 of 8 Next

- Daily running can lower death risk
- China stocks open higher Tuesday
- Nicki Minaj delays 'Anaconda' release
- 85 kg cocaine worth $23 mn seized in Italy
- Israeli jets destroy house of Hamas leader
- 'MH17 jet was hit by missile shrapnel'
- Kendall Jenner 'flirts' with basketball player
- 'New Israeli air strikes on Gaza Strip kill 16'
- China wants peace cooperation between UN, regional organisations
- Armed clashes set Libya's Tripoli ablaze
- Keith Harris lost $12 million fortune
- Tarantino geared up to direct 'The Hateful Eight'
- $4 mn for flood-hit northern Slovakia
- Kutcher-Kunis to wed in July next year?
- Lady Gaga portraits auctioned
- Indian weightlifter Vikas wins silver
- Britain to join NATO military exercise
- Israel must ready for 'prolonged' Gaza campaign
- Poovamma fails to qualify for women's 400m finals
- Indian boxer Mandeep Jangra in quarterfinal
- India's Om Parkash finishes sixth in shot put
- Mick Jagger overjoyed with birth of great-grandchildren
- Shooters claim gold, two silvers, India fourth in medal standings (Intro Roundup)
- Mixed day for Indian women in lawn bowls
- Ed Sheeran can't keep a secret

Page 1 of 8 Next

Actor's Cut
á Click to read Interview NEW! Telugu Actors Interviews - Andhravilas

Telugu Movies Photo Gallery
Sikendar Wallpapers
Sravya Reddy Stills
Yuvika Chaudhary Launches Femina Carnival Pune 2014
Siya Gautham Stills
Run Raja Run Wallpapers
Rakul Preet Singh Stills
Mithuna Waliya Stills
Sikendar Movie Stills
Actor Naresh Pressmeet
Ziya Spicy Pics
Tamil Movies Photo Gallery
vishayam Veliya Tehriya Koodathu Stills
Sernthu Polama Stills
Siya Gautham Stills
Ladukkul Poonthi Movie Stills
Anjaan Movie Stills
Aintham Thalaimurai Siddha Vadhiya Sigamani Stills
8MM Movie Press Meet
Ziya Spicy Pics
Singer Nehabasin Photos
PRO Union Members Card Issue Photos
Yuddanapudi Telugu Serials
Pelli Pillalu Jeevitham
Jeevana Satyalu

Site Designed & Developed by |ęCopyrights reserved