Credit Crunch Busters

Positive news for UK borrowers this morning as the Bank of England has cut interest rates to a record low 1%, as they look to boost the country’s economy. Continue Reading »

Tags: bank, building society, companies, credit crunch, debt, interest rates, loans, mortgage, recession

New statistics have shown that it could cost UK households an extra £39million a day in heating costs due to the recent plunge in temperatures. With the average yearly household fuel bill now £1,278 and 5.4million in fuel poverty, many people are anxious about soaring energy costs during the current cold climate. Continue Reading »

Tags: credit crunch, energy prices

Friday 23rd January 2009. The day the British economy finally entered recession following a lengthy period of the credit crunch sinking its teeth into the economy. Continue Reading »

Tags: companies, credit crunch, government, recession, unemployment

Recession is a term that represents six successive months of economic decline suffered by that economy; but what exactly causes this to happen? Continue Reading »

Tags: bank, companies, debt, inflation, interest rates, loans, mortgage, recession, retailers

In past years it has been the frosty weather that has brought about chills, but this year gas and electricity bills are sending shivers down peoples’ spines. Continue Reading »

Tags: companies, credit crunch, energy prices, inflation