Deflation is coming to the UK

The UK is getting very close to outright deflation, alongside much of Europe. With the oil price still hitting fresh lows on a daily basis and the supermarkets engaged in a vicious price war, it is likely to keep falling for several months yet. Whether it actually dips below zero remains to be seen.
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A Picture of UK Debt: How to Keep Yourself Out of the Red

Although the recession is over, it’s clear to see that individuals (as well as businesses) across the UK are finding it challenging to keep their heads above the water, financially speaking. As the years go by, it seems as though there are more and more companies touting financial products that are aimed primarily at getting us further and further into debt, and this is having a real impact on how we treat money.
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