Money: Quarterly Inflation Report – 10th Feb 10

The Bank of England quarterly inflation report is out today, and it is already running at 2.9%, above the Government’s 2% target. There is news that there may be job losses for Cadbury workers in Bristol. Businesses call for urgent action on an “oil crunch” threat to UK economy. We also look at calculations which suggest it could be the year when the stocks markets experience a decline larger than the 1929-1932 crash. Finally, a twenty year vision for the UK’s Space Industry, currently worth £5.6 bn, that in twenty years’ time could well be worth £40bn.