British Treasury wants higher minimum wage rise

Note: This section contains information in English only.
Source: Bloomberg
The Treasury of the United Kingdom would like to see a minimum wage increase, which would be higher than inflation level in the country, as the current opposite situation decreases the standard of living in the country. Since 2007 wages, on average, added 14% comparing with a 22% advance in prices. By such actions, the U.K. Conservative government plans to return support before the 2015 election.
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Fri, 17 Jan 2014 11:24:03 GMT

Swiss producer and import prices fall as expected in December

Import and producer prices in Switzerland decreased in line with economists' projections in December, the latest report revealed by the Federal Statistical Office revealed on Friday. According to the report, the country's import and producer price index slipped 0.4% on an annual basis in December, while on a sequential basis the index remained flat.

Fri, 17 Jan 2014 11:02:09 GMT

Pound falls before retail sales report

The British Pound weakened on Friday trading session falling for the third straight day against the U.S. Dollar before a government report showed that retail sales in the United Kingdom advanced at a slower rate in December signaling that the country's recovery is easing. The Pound fell 0.2% to $1.6315 as of 9:04 a.m. in London.

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