UK: POUND TOO STRONG TO KEEP JAPANESE INTEREST

Article Abstract:

UK-based but Japanese-owned earth-mover firm, Komatsu May, would be investing in the UK but it's not. The firm is reaching full capacity and should be expanding, but because most of its earth-movers and are sold outside the UK, and because the UK has not adopted the Euro making the pound too strong, the firm are considering investing in plants elsewhere in Europe. It is not just this firm either. Other Japanese firms that are re-thinking expansion in the UK include Nissan and Toshiba, as well as Japan Tobacco and Nippon Sanso Thermos Flasks.

Money

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UK: STABLE INTEREST RATES PREDICTED

Article Abstract:

Interest rates may have peaked and could remain below 2.5% for the whole of 2001, according to DeAnne Julius, a member of the Monetary Policy Committee (MPC) of the Bank of England. The rate has not changed in the last eight months, although Ms Julius warned that a rate cut is not necessarily imminent, as manufacturers were coping with current exchange rates. Signs of deflationary pressure came from the British Retail Consortium, which has reported retail prices down 0.5% in October 2000 versus September, and down 0.2% versus a year earlier.

Brief Article

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A harsh lesson in spending

Article Abstract:

Lack of financial awareness among ordinary people in the UK means that consumer debt is at a much higher level than it needs to be. People pay at least 4 billion pounds sterling in unnecessary interest on credit cards each year, while 4.5 billion pounds sterling is lost on poor value loans.

Debt, Consumer credit

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