UK inflation falls as shops discount and VAT hike falls out

Link to the article The Guardian

Bank of England governor Sir Mervyn King is likely to signal on Wednesday that he stands ready to unleash a fresh round of quantitative easing if the economy fails to bounce back, after news that inflation dropped sharply last month, to 3.6%.

The office for national statistics said the consumer price index had declined from 4.2% in December, to 3.6%, its lowest level since November 2010, as the impact of the coalition's VAT rise dropped out of the annual comparison.

"The confirmation that inflation is falling is likely to encourage the MPC to continue to gradually expand QE in order to give more support to the economy," said Michael Saunders, UK economist at Citi.

Britain will avoid recession - CBI

Link to the article Channel 4

The CBI employers' body says Britain will avoid recession but other forecasters are less opimistic, with one economist telling Channel 4 News that "the economy is going nowhere".

O2 flexible working pilot ahead of olympics

Link to the article Channel 4

As mobile phone provider O2 launches a major trial in the run-up to London 2012, Channel 4 News looks at why flexible working is good for people and good for businesses.

Flight disruption at heathrow again - will it ever change..?

Link to the article Channel 4

With hundreds of flights cancelled at Heathrow because of the freezing weather, Channel 4 News looks at whether a solution is possible.

Facebook not only about money says Zuckerberg

Link to the article Channel 4

Facebook is on course for the biggest internet stock flotation after announcing plans to sell shares to the public, but founder Mark Zuckerberg says he does not wake up with the goal of making money.