Books
Recession books
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.
Browse our selected recession books. Read more...
Categories: Uncategorized Tags: job, profiting from property, recession books, sex in the recession
Identity fraud
Identity fraud 'is set to soar' says Experian
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.
Recession effect
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
Pound falls after uk recession risk
Pound falls against dollar and euro on 'recession risk'
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
UK personal debt
£1.5 trillion in personal debt
The 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