Credit Crunch News
Ten percent of the UK population reckoned to be living on a financial knife edge
For at least the next twelve months, more than six million UK families will be living in a state of fear and financial uncertainty.
Rights issues appear to be the way to buy time for companies
Falling fast in the footsteps of HSBC who enjoyed some fabulous success with their recent rights issue, it looks like 2009 will be the year of the rights issue in the UK.
Buy a new car? Not this year says the UK motorist!
Everyone who has ever taken possession of a brand new car will never forget that "new smell" that it gives off. However in the recession hit Britain of 2009, it is fair to say that not too many people are enjoying the experience for the moment.
UK service industries: A case of first out last in
The initial fury of the current recession appears to be waning, and the World seems to be now well aware of what is required to control and contain it.
Alistair left with egg on his chin as he adjusts his forecast for 2009
British chancellor Alistair Darling was looking and sounding somewhat sheepish as he was forced to admit over the weekend that what was already obvious to everyone.
Positive news on housing continues
The warm glow coming from the G20 conference and news that house prices are beginning to rise for the first time in over and against all predictions, combined to create an atmosphere of confidence that looks like it will continue to gain impetus.
What's a trillion dollars between friends? G20 leaders agree to cough up
For those of you that haven't already found out, a trillion dollars is one thousand billion dollars or 683 billion pounds if that makes you feel better. And that is the sum of money that members of G20 agreed to throw into the global kitty,
As capitalism appears to be on the way out, what can be on its way to replace it?
Everyone knows that the best way to put out this fire is to throw money at it, and while Brown and Obama are convince that this is the only option, there are a few others who are reluctant to follow suit.
Good news for credit card holders- MasterCard to be the first to slash fees
MasterCard had been under considerable pressure to reduce their fees and eventually have bowed to the weight of public opinion as we well as no little pressure from the European Union to reduce their fees.
Jobs continue to vanish in the UK financial services industry
In the last quarter of 2008, the number of people employed in the financial services industry fell making it the fourth consecutive quarter that the numbers have been reduced.
Coming soon, but not to a theater near you: The G20 conference
Hopes of winning agreement at next week's summit of the G20 for a co-ordinated fiscal stimulus have turned to dust before the meeting could even begin.
Nationwide hit Scotland and save the day for the Dunfermline Building Society
Nationwide will take over various divisions of the Dunfermline that are operable on the condition that the UK treasury invests the tidy sum of £1.6 billion to freeze up the society's "toxic debts"
Can spring be bringing with it the first signs of a cautious recovery for the UK economy?
At the end of a torrid first quarter, there are those that are reading into some of the recent statistics issued towards the end of this month and saying that there are some positive signs around.
Interest rates are at an all-time low, but may not stay that way for too long
As the battle against the credit crunch continues unabated, one of the key tools that the Bank of England have called into play in what seems like a vain effort to keep the economy moving may well disappear.
After the recession ends, high street trading will never look the same
In the falsely inflated boom time, especially over the last five years or so, to be a major retailer with a top location was the nearest thing to having the proverbial "licence to print money".
Some of the UK's best pubs change hands
A sign that all is not well in the pub trade comes with the News that the Punch Taverns Group have sold six of their prime managed freehold pubs in central London for nearly 20 per cent below their current market price.
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