So, once again the takeover of HBOS by Lloyds is ‘all but done’. How many times have we heard that? For weeks we have seen headlines saying the takeover has gone ahead only for a later report saying terms have yet to be agreed. Throughout the see-sawing reports I have found myself wondering whether the [...]
November, 2008
Another Rate Cut On The Cards
Minutes released following the recent meeting at the Bank of England, where the base rate was slashed to just 3%, have hinted that a further cut in interest rates is likely. The latest reduction, of 1.5%, brought the base rate to it’s lowest level for many years. The committee voted for the cut, earlier this [...]
Recession Will Continue Next Year
The Bank of England have confirmed that the UK economy has now entered a recession which is likely to continue through next year. Since the onset of the credit crunch there has been a global economic downturn which has resulted in falling demand and increased unemployment. A growing number of homeowners are now in a [...]
Unemployment Could Reach 3 Million
With the number of consumers needing debt advice and debt help programmes on the increase, it will not come as welcome news that the recession is likely to bite harder than was first predicted and that unemployment could reach three million by 2010. The CBI has warned that the economy could shrink by as much [...]
Ker-Plonk!
I thought for a moment I was dreaming when I saw, amongst the reports of doom and gloom and mounting debt, a news article saying that red wine prices are falling! However, as I thirstily read on, I sadly realised that it wasn’t going to make quite the difference to me that I thought it [...]
In Debt RBS To Axe Jobs
Having recently been bailed-out by the government and announcing it’s first full year loss in it’s 300 years of trading, the RBS has confirmed that it is going to cut around 3,000 jobs over the next couple of months. The staff hit are likely to be those based in the City of London and abroad [...]
Solve Serious Debt Problems Today
Are you cracking under the pressure of your debts? What with credit cards, store cards, loans and everything else, it’s hardly surprising that there are literally thousands of people in the UK today who are genuinely struggling to meet their repayments on time. If this sounds like you, then you have a serious debt problem [...]
It’s all gone Pear!
I was relieved to see that maybe the first seeds of common sense may be at last germinating in the erstwhile sterile consciousness of the European Commission for Agriculture and Rural Development as they are relaxing their crazy shape and size rules on 26 fruit and vegetable products. Yes, it’s emancipation time for the curvy [...]
British Telecom To Cut Jobs
British Telecom has today announced plans to axe up to 10,000 jobs, over the next six months. Agency workers and sub-contractors are expected to be the losers, in the shake-up, according to the company. They also confirmed that they are nearly half way through the process, having trimmed 4,000 from the workforce already. BT said [...]
Unemployment – highest since 90′s
Britain’s unemployment figures rose to their highest level since the late 90′s, according to figures from the Office for National Statistics. Their report revealed that in the three months to September, unemployment in Britain reached its highest level since 1997. Official Labour Force Survey findings showed a rise of 140,000 in the third quarter of [...]
