An influential think tank has warned that interest rates may have to rise to 8% to combat rampant inflation.
The warning comes from the Policy Exchange, whose chief economist, Andrew Lilico, argues an economic recovery will unleash a wave of money.
Doctor Lilico believes a double-dip recession is likely, which would then be followed by a boom. Read more...
Categories: The future Tags: double dip, interest rates, rise rapidly
I’m a few months away from completing my TV and Film production degree as part of Bournemouth University and for one of my last assignments I have to write a dissertation. The title of my dissertation is ‘Did the recent recession in the United Kingdom affect income and budgets in TV, Film and Video productions?’
If you are in the media industry and have an opinion about the recession and how it’s affected you or others then I would like to know about it? Whilst writing your comments it would benefit me if you could point me to websites that could back your statements up for evidence in my dissertation
Thank you for your time,
Bruce
Categories: uk Recession Tags: affect, media industry, recession
The UK economy will remain stuck in the doldrums this year with growth of 1% or less predicted in 2010, a leading forecaster has warned. The Ernst & Young ITEM Club, which uses the Treasury's economic model for its forecasts, said the immediate prospects for the UK were "dismal".
An export-led recovery was unlikely to emerge until 2011 and consumer spending was too weak for a recovery, it said It comes in a key week for economic news as the election battle gains pace.
Public finance figures on Thursday will confirm how much the government borrowed in the financial year that has just ended. And on Friday first quarter figures for overall economic output will be published. Read more...
Categories: uk Recession Tags: dismal, finance figures, low growth, uk economy
ELECTION 2010: Tory leader David Cameron visits Prestatyn
FRESH from his appearance on the first-ever televised leaders debate David Cameron visited Prestatyns to launch the Welsh Conservative Party’s manifesto.
Read more on The North Wales Chronicle
General election 2010: David Cameron appeals to pensioners
David Cameron, the Conservative leader, has accused Labour of 'sidelining' elderly voters and promised that older people would play a full part in society under a Tory government.
Read more on Daily Telegraph
General Election 2010: David Cameron has a week to show what he's made of
Telegraph View: To fight off Clegg, Cameron must take this campaign by the scruff of the neck.
Read more on Daily Telegraph
General Election 2010: David Cameron berated by unhappy voter
David Cameron faced an embarrassing confrontation with an unhappy constituent in front of television cameras.
Read more on Daily Telegraph
David Cameron: Britain's Next Prime Minister?
Britain's Conservative leader, David Cameron, is ahead in the race for 10 Downing Street. But the electorate still isn't sure who he is or what he stands for
Read more on Time Magazine
General election: Nick Clegg says poll points to end of 'tired' politics
Voters are starting to believe that the May 6 General Election may produce a break from the ''tired choices'' offered by the two parties which have dominated British politics, Liberal Democrat leader Nick Clegg said.
Read more on Daily Telegraph
General Election 2010: Vote Nick Clegg, get Gordon Brown, say Tories:
The Tories claim Gordon Brown could lose the election but remain Prime Minister for five more years thanks to a Lib Dem surge inspired by Nick Clegg's TV debate triumph.
Read more on Daily Mail
Election 2010: how Nick Clegg changed the game overnight for the Liberal Democrats
Nick Clegg's performance last Thursday night transformed his party's chances in the general election – and poses a serious threat to Tory hopes of victory As he was driven in a Special Branch car to Manchester at 6.30pm on Thursday evening, the last phone call Nick Clegg made before arriving at the ITV studios was to his three young boys. There was no mention during the conversation of the big ...
Read more on Guardian Unlimited
General Election 2010: Louis Theroux claims he was Nick Clegg's 'fag' at public school
Louis Theroux, the documentary-maker, has claimed he used to wake Nick Clegg up in the morning when they were at boarding school together.
Read more on Daily Telegraph
General election 2010: Nick Clegg defends party stance on Europe
Nick Clegg has defended his party's pro-European stance after being accused of trying to take Britain into a "super-state".
Read more on Daily Telegraph
Gordon Brown insists election is 'open' despite polls
GORDON Brown was set to tell supporters today that the general election is "wide open" in the wake of the televised leaders' debate.
Read more on The Scotsman
General Election 2010: Vote Nick Clegg, get Gordon Brown, say Tories:
The leader rejected a warning from David Cameron that a switch to the resurgent Liberal Democrats would be a 'vote Clegg, get Brown' scenario.
Read more on Daily Mail
General Election 2010: Gordon Brown vows a fight to the end
Gordon Brown tells Patrick Hennessy, Political Editor, how Labour is fighting to win 'Middle Britain' during the campaign.
Read more on Daily Telegraph
U.K. Election: 3rd place could keep Brown in power
Due to the mechanics of Britain’s voting system, a third place finish by Labour could keep incumbent Prime Minister Gordon Brown in power.
Read more on Market Watch
Gordon Brown woos Liberal Democrats with electoral reform promise
Gordon Brown makes it clear he would be able to work with Nick Clegg to try and secure electoral reform.
Read more on Daily Telegraph
Read about and study the recession with recession books.
The internet is a mine of information on the recession, but it can be a bit overpowering when studying or researching a certain angle on the recession.
Many books have been written covering many aspects of the recession, such as "how to get a job during a recession" or "profiting from property during a recession", even "sex in the recession" may interest someone.
Categories: Uncategorized Tags: job, profiting from property, recession books, sex in the recession
Identity fraud is likely to accelerate in 2010 as organised criminals target the rich, according to a report.
Some 72% of ID fraud in 2009 came in the second half of the year with company directors and business owners the most at risk, Experian found.
The credit reference agency said that the number of ID fraud victims rose by 20% in 2009 compared with 2008.
London remained the UK's crime hotspot area but Salford, Manchester and Cardiff were also vulnerable, it said.
Experian also noted a rise in the proportion of fraud cases when people manipulated their own information in order to access financial services such as credit.
The company estimated that these numbers would increase owing to lower levels of lending and the potential for more unemployment in 2010.
"Attempted fraud is on the increase and the nature of the threat is changing," said Nick Mothershaw, of Experian.
"Organised criminal fraudsters are moving into the mass-market, looking beyond those with obvious wealth towards lower-value but more vulnerable targets.
"At the same time, financial stress brought about by the recession is driving increasing numbers of people to commit fraud to maintain their lifestyles."
From the BBC
Categories: The future Tags: 2010, crime hotspot, identity fraud, recession affect
The pound has fallen sharply against the dollar and the euro after a Bank of England policymaker said the UK could yet fall back into recession.
The pound fell 2.4 cents, or 1.5%, against the dollar, to $1.503. Against the euro, it fell 1 cent, or 0.9%, to 1.100 euros.
The Bank's Monetary Policy Committee member Andrew Sentance said there was a chance of a double-dip recession.
The pound has been falling recently in the run-up to the general election.
"You have to recognise there is some risk of a double dip, but that's not the central forecast," Mr Sentance said.
The UK exited recession during the last three months of last year, but growth remains weak.
There are also concerns about the high level of UK public debt, although figures released on Thursday suggest borrowing this financial year will come in under the government's forecast.
Deficit cuts
Uncertainty about who will win the election, and whether there might be a hung parliament, has increased concerns about plans to cut debt levels.
This uncertainty has weighed on the pound.
The government has been forced to borrow heavily during the downturn, and the UK's budget deficit currently stands at 12.6% of GDP, one the highest in Europe.
Labour has announced plans to reduce the deficit to 4.7% by 2015, arguing that making more drastic cuts could harm the UK's recovery from recession.
But a European Union report released earlier this week said the plans were not ambitious enough.
The Conservatives also argue that cuts need to be made more quickly.
From the bbc
Categories: Uncategorized Tags: cuts, defecit, double dip, pound falls, uk Recession
£1.5 trillion in personal debtThe uk is drowning in debt, 1.5 trillion pounds of personal debt is the collective figure for the uk population.
The personal debt figure rounded up is equal to @ £55,000 for every uk household.
Mortgages, personal loans and credit cards are a major factor in the total debt mountain.
The figures were issued as debt experts warned that a record 150,000 people could be plunged into insolvency this year 15 per cent more than last year.
The number of people filing bankruptcy has also risen. To pay off debt without declaring bankruptcy, more and more borrowers are seeking debt help from the debt relief companies. The mountain of debt has also led to an increased number of companies offering free debt advice online and over the phone. Different charities are also offering free counseling to debtors so that they can come out of the financial crisis.
Categories: uk Recession Tags: debt mountain, drowning in debt, insolvency, personal debt
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