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New figures show Island is stable

Sat, 11 Oct 2014

The latest inflation and employment figures could spell good news for the Island's stability.

The annual rate of inflation, as measured by the Consumer Prices Index, has fallen to one per cent and the rate measured by the Retail Prices Index held at 2.6 per cent.

Unemployment has dropped to its lowest level in three years, with 1.9 per cent of the economically active population out of work.

Carl Hawker is the executive director of policy in the Cabinet Office - he reveals the reasons behind the positive statistics:

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Media

• Carl Hawker