BGN Entrepreneur

Offical figures released on Friday are tipped to confirm that the UK economy shrank by 1.5% in the first quarter of 2009, nearly matching the steep 1.6% drop in GDP in the final three months of 2008.
Meanwhile, official figures due out before the Budget on Wednesday are tipped to indicate that public sector borrowing was £21 in March, from £9 billion in Feburary. It would take total borrowing for the year to £96 billion, far above the £78 billion forcast by the Chancellor.
The inflation on the consumer prices index fell to 2.9% in March, from 3.2% in February. The retail prices index measure of inflation is predicted to have fallen to minus 0.5% in March, from 0% in February.
Data due out on Wednesday are forcast to indicate that the number of people claiming jobless benefits rose by 101900 in March, after a rise 138400 in February. The ILO rate of unemployment is expected to have risen to 6.8% in February, from 6.5% in January.
The growth average earnings fell to 1.4% in February, from 1.8% in the previous month. Meanwhile, the retail sales fell by 0.5% in March, after a 1.9% drop in February. Annual growth in sales is indicated to have risen to 1.5%, from 0.4%.

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