Britain Dec News Today : Breaking News, Live Updates & Top Stories | Vimarsana

(Archived document, may contain errors) 433 May 14, 1985 I PRICED INDEXED BONDS TRIMMING $12 BILLION FROM THE DEFICIT I NTRODUCT I ON The deficit problem has legislators scrambling for ways to save money in the federal budget. In this quest, it is almost universally assumed that interest on the 1.6 trillion national debt is an item that cannot be cut. This consensus is wrong. Interest outlays in fact can be trimmed through price-indexed bonds, a device that Congress should consider.

The United Kingdom's (UK) Consumer Price Index (CPI) rose by 10.1 percent in the 12 months to January, down from 10.5 percent in December, the Office for National Statistics (ONS) said on Wednesday.

Post-Christmas sales shopping on British high streets rose by almost 40 percent compared to the same day a year ago, statistics have shown, as consumers embraced the traditional bargain-hunting season with enthusiasm.

The United Kingdom will turn to members of its military when ambulance workers go on strike over pay this week.

Workers across Europe have taken to the streets in recent weeks, pushed by record-high inflation rates that have eroded the value of their wages.