1. The state of the UK economy 2003
As a result of this, in November of 2003 The Bank of England decided to increase interest rates for the first time in four years. ... Despite a rise in interest rates to 3.75% in November of 2003, shoppers in the UK spent a record £11.56bn on their credit cards in the very same month, according to official figures. This dependency on credit cards has led to concern over personal bankruptcies. ... The Behaviour of the Euro Since it was Created The Euro is the new 'single currency' of the European Monetary Union, adopted on 1st January 1999 by 11 Member States. ... It is ...
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