Woolworths waves farewell
Posted in News on Jan 6th, 2009
Woolworths will finally say goodbye to the British high street once and for all today, as the remaining 200 branches close their doors to shoppers for good.
Tag Archive 'unemployment'
Banks look to beat the base rate
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 [...]
Unemployment rates set to sky rocket
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.
Britain’s economy in ‘worst financial situation for 70 years’
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 [...]
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