Some basic data [latest]

==Latest GDP growth 1.6%
==GDP growth expected for 06 1.8%
==Industrial Production growth minus 1.1%y/y
==Unemployment 9.05 4.7%
==trade balance negative $117bn
==Current account negative $44bn
==Budget balance 05 negative 2.9% of GDP

Short news

==Consumer prices in August up 2.4% year to date, the fastest rate of inflation since 1997.

== Trend to cut interest rates increases in the board of Bank of England where 4 out of 9 voted for an interest rate cut.Pressure from OECD and IMF seems slowly to yield fruits.

== After a GDP growth in 04 of 3.1% the growth slows down in the first quarter 05 to just 2.1% and in the second even further. Retail sales declined sharply in the year to June and the down turn in the housing market is continuing.

==Slowing exports to Europe hamper UK growth.

OECD report on UK
The OECD cut its 2005 growth forecast to 2.4% from 2.6% last November well below UK government forecast of 3-3.5 per cent growth this year. It also argued the British chancellor could not reduce the government deficit without raising taxes or causing a slowdown in spending.

In the absence of an increase in tax rates additional revenues will be barely sufficient to cover the planned increase in nominal public expenditure of about 13% between 2004 and 2006 the report said. In its latest report the OECD dropped the usual diplomatic language of international organizations discussing the risks posed by growing imbalances in the world economy

Climate change

Climat change is a worrying factor for many, as a change would heavily influence all our lives. Those who worry about it do worry about a lot of things. But one they are worrying about most is a change in the circulation of the ocean’s currents. Why? These currents are the main way, how heat is redistributed from the tropics to the polar regions. If the currents shifted, it would mean that temperatures in some parts of the world changed much more than they would merely as a result of the local atmosphere warming up as heat due to green house gases accumulate. Indeed it could mean that in some places heat would drop contrary to the expectations of increasing heat.

A region most violable for a fall in temperatures is North West Europe, means UK and Ireland. This is because North Atlantic currents, which have kept the region warmer than otherwise possible and bring the warmth from middle America near the equator over to North West Europe have over the last decade weakened significantly. If
that goes on the climate could become similar to Alaska.
So if you still want to go to UK take your warm clothes with you.

Countries interesting for trading based on latest statistics.

Asia,
China, India, Indonesia, Malaysia, Thailand, Turkey.

Europe,
Austria, Belgium, Czech Republic, Denmark, France, Hungary, Russia, Spain, Sweden,

North America
Canada, US,

South America
Argentina, Brazil, Chile, Peru.
If you are interested to hear more please contact US