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News Round-Up. (17.06.2008)
Posted: Monday 16th Jun 2008
Starting at the BBC, consumer inflation is now at an all-time high, though at least tanker drivers have called off their strike.
The Telegraph follows with house building levels also going through the floor, as the Woolwich pulls the plug on two-year fixed home loans.
Next, The Guardian says that the rise in inflation will limit the Bank of England’s ability to cut interest rates, and the price of oil is now at the frightening cost of $140 a barrel.
Over at The Times, Barclays is about to sell off a fifth of itself in a huge share offer, as even wine prices shoot up.
Meanwhile, The Independent has a report on claims that oil reserves are actually double the amount reported, while another house builder calls in help to restructure as the market falls.
And finally, StartUps.co.uk reports that small businesses will bear the brunt of the current downturn, as will the High Street.