Your jargon busting guide to the current crunch crisis
Posted in Features on Dec 11th, 2008
With the recession seemingly sending the housing market into a decline, Credit Crunch Busters went to investigate why so few people are investing into a new house, by getting a local perspective on the matter.
Posted in News on Nov 17th, 2008
News Week: 17th November 2008
Despite many shops experiencing a slump in sales, online retailer ASOS have defied the recession and have reportedly doubled sales, increasing profits by 68% in the past six months. This offers hope to other online retailers, who fear for their economic safety.
Posted in News on Nov 10th, 2008
News Week: 10th November 2008
With the banks fearing that interest rates from the Bank of England could be set at 0% resulting in no profit, many high street banks such as Halifax, Britain’s largest mortgage lender, have introduced small print into its loans to allow them to charge up to 3% higher in interest, than [...]
Posted in News on Nov 3rd, 2008
News Week: 3rd November 2008
When Lloyds TSB received a £4b cash injection of tax payer’s money government hardly expected the repayment to happen within the year, however that is what has been announced by Lloyds today.
Posted in News on Oct 20th, 2008
News Week: 20th October 2008
The UK is said to have plunged into a recession and that by the end of next year there could be as many as 400,000 more people unemployed. The banks have recently decided not to pass on the 0.5% cut in inflation rates to their customers.
The Economist
