Your jargon busting guide to the current crunch crisis
Posted in News on Oct 27th, 2008
News Week: 27th October 2008
It was another black Monday with lots of bad financial news to start the week. £50bn was wiped off of share prices including Marks and Spencer, Stagecoach, ITV, Prudential and HBOS.
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.
Posted in News on Oct 13th, 2008
News Week: 13th October 2008
The Centre for Economics and Business Research consultancy has said that this is now the worst financial situation that we have seen for 70 years. As a result of this they predict that by the end of next year 60,000 workers from the Financial City will have lost their jobs; this [...]
Posted in Information on Sep 21st, 2008
Coming to terms with the complexities of the country’s current cash crisis can be an arduous and financially damaging experience for the most of us living in the ‘real world’. So what exactly is this phenomenon also referred to as the credit crunch?
The Economist
