The U.K. Office for National Statistics reported that unemployment in the three months that ended in July was 8.1%. The is up from 8.0% for the three months that ended in June. The actual change was tiny. The number of unemployed people in fact fell 7,000, based on the two comparisons.
It is a wonder the numbers were not worse. The United Kingdom probably has entered a second recession in five years, which has increased calls for stimulus spending. In the meantime, Prime Minister David Cameron has been caught between his own promise to reduce deficits — mostly through austerity — and a growing rage about the effects of these cost cuts on the nation’s prosperity.
Douglas A. McIntyre
Credit Card Companies Are Doing Something Nuts
Credit card companies are at war. The biggest issuers are handing out free rewards and benefits to win the best customers.
It’s possible to find cards paying unlimited 1.5%, 2%, and even more today. That’s free money for qualified borrowers, and the type of thing that would be crazy to pass up. Those rewards can add up to thousands of dollars every year in free money, and include other benefits as well.
We’ve assembled some of the best credit cards for users today. Don’t miss these offers because they won’t be this good forever.
Flywheel Publishing has partnered with CardRatings for our coverage of credit card products. Flywheel Publishing and CardRatings may receive a commission from card issuers.
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