Your jargon busting guide to the current crunch crisis
Posted in News on Feb 23rd, 2009
Although the government has already given £37bn to the banks to help them in their financial strife, the Bank of England has now warned that more money is needed to keep the nations banks afloat. As well as this it has been suggested that the government needs to make guarantees on inter-bank lending so that [...]
Posted in News on Feb 23rd, 2009
Governments Skills Secretary John Denham, has urged the newly jobless to return to university and learn new skills or retrain in their field. This is because they feel that places such as JobCentres will not be able to find skilled professionals with work as JobCentres are for lower skilled workers. John Denham wants universities to [...]
Posted in News on Feb 23rd, 2009
Mortgage lending has fallen a massive 70% in four weeks, in September lending was at £1.5bn, however, in October it was a mere £459million. This has sparked fears within government that next year lending could in fact turn negative. This is bad news for anyone wanting to move and to sell their homes, with so [...]
Posted in News on Feb 23rd, 2009
The Chancellor of the Exchequer Alistair darling has announced that he has drawn up plans to discourage large businesses from relocating their HQs abroad. The plans include a tax exempt year in 2009 for businesses that have no plans to relocate. This is good news for Britain as it would mean that the jobs stay [...]
Posted in News on Feb 20th, 2009
House prices may be on the decline, but the number of house repossessions is certainly on the rise with over 40,000 homeowners affected in 2008.
The Economist
