uk Recession
The uk recession as it happens.
housing market 2010
2010 housing market recovery ?
The begining of 2010 has seen some improvement in the uk housing market. People's confidence seems to have returned to pre uk recession levels.
Recent figures show that around 81% of people expect house prices to rise during the coming six months, predicting average house prices to increases 5.4%, according to property website Zoopla.co.uk.
Categories: uk Recession Tags: 2010, housing market, recovery, uk Recession
uk recession debate
UK Recession debate
Lets not bury our heads in the sand about where the uk recession originated from. It was a global recession that was started by bad moves (call it greed) between governments and bankers. These guys were using our money to play monopoly on a big scale. At the end of the day we will pay heavily for it.
An example quote to pick the bones out of: Goldman Sachs chairman Lloyd Blankfein told the us financial crisis panel that US government support was critical in the crisis. "We benefited from it," he said.
And we in the uk suffered for it.
Greed.
Do you agree?
Categories: uk Recession Tags: bankers, debate, global recession, greed, uk Recession, us financial crisis panel
tax debt
Tax debt problems
The uk recession and the reverberations the uk recession has had on businesses in the uk has caused some companies problems with tax debt to the hrmc.
Her Majesty's Revenue and Customs (HM RC) has been pretty ruthless in recovering tax arrears from companies that have struggled in the uk recession. The government is behind almost half of all court petitions seeking to push companies into failure, despite repeated calls from ministers for other creditor groups, such as banks, to do everything they can to help struggling businesses keep trading. Read more...
Categories: uk Recession Tags: businesses, hmrc, tax debt, uk Recession
uk recession over
Uk recession over ?
January 26th 2010 is the supposed date that the uk recession is to be declared over. That is the date when we will get figures showing how the economy did in the last three months of 2009.
Hopes were raised yesterday by a report from the Chartered Institute of Purchasing and Supply showing the service sector (which is 70% of the economy) picked up last month. The report follows a set of figures that also showed manufacturers having their best month for two years.
I say it aint over till the fat lady sings.
Categories: uk Recession Tags:
bernanke blames brown
Bernanke blames Brown
Gordon Brown's decision to strip the Bank of England of its supervisory role caused 'major problems' for the British economy, the head of the American Federal Reserve said yesterday.
Ben Bernanke regarded by many as the world's most powerful banker claimed the UK was ill-prepared to deal with the crisis in the wake of decisions made by Mr Brown when he was chancellor.
In an extraordinary attack, Mr Bernanke said the Prime Minister's measures which included stripping the BoE of its powers to regulate banks had been responsible for the ' destructive run' on Northern Rock.
His comments will embarrass Mr Brown, who has refused to concede his decisions may have contributed to the economic crisis.
Mr Bernanke told the U.S. Senate: 'The government of Britain removed from the Bank of England most of its supervisory authorities. Read more...
Categories: uk Recession Tags: Bernanke, Brown
18 month recession
Record uk recession
The latest figures show the uk recession is to continue with the news that the uk economy contracted by 0.4% between july and september. That is six consecutive quarters, or 18 months of recession, an official record uk recession.
The expectation for the last quater was for the economy to actually improve by 0.2% over the last quater, so the news of a 0.4% fall shows that the expectations were <0.6% wrong.
The worse-than-expected figures are likely to make the Bank of England consider extending its policy of quantitative easing, the figures of which are already in the £175 billion , and nearly spent. Read more...
Categories: uk Recession Tags: record recession
Uk debt clock
How much is the uk in debt
The uk debt clock is ticking away clocking up the national debt at an alarming pace.
every man woman and child in the uk owes the figure that is showing at the top of the ticking bomb. At the time of this post the figure was £13,337 uk pounds for every man woman and child in the uk
Sources of information
The debt clock is not an exact representation of government borrowing on a day-to-day basis, but it does accurately illustrate the rate at which our national debt is rising. There may be occasions where the debt clock appears to jump up or even go down. This is because it's periodically adjusted to incorporate the latest figures from the Treasury. Links to all the sources and statistics used on the uk debt clock can be found on the debt clock Sources page.
Categories: uk Recession Tags: uk debt, uk debt clock
Double dip recession in uk
Double dip recession
There is a lot of talk in the media of a "double dip recession" but, What does that mean and what would cause it?
A double dip recession is where the economy tends to recover for a quater of positive growth then slides back into negative growth. The graph for a double dip recession would look like a W shape after recovery.
Watch video: Nouriel Roubini
Warning of a possible double dip recession in the usa.
Categories: uk Recession Tags: double dip, w shape recession
Winter recession and energy bills
Winter. Recession and energy bills
The winter is looming in the uk and energy bills have soared during the last year. So, what can we do to cut the costs of those bills?
Energy saving measures
Some simple measures that can help save on energy costs include:
- Switch over old energy provider to new (cheaper) energy provider
- Turn thermostats down
- Do not leave lights on in an unpopulated room
- Use energy saving lamps wherever possible
This winter is going to be particularly hard for some folks so we have compiled a short list of what to buy. Cheaper energy providers and energy saving devices. This short list is applicable to homes and businesses alike.
Read more...
Categories: uk Recession Tags: energy bills, energy saving, winter recession
Advice on loan shark debt. UK Government
Uk government, debt help
The uk government has a dedicated page that will help with loan shark problems.
If you have a problem with an unregistered loan shark please do not hesitate to view this information
Categories: uk Recession, Uncategorized Tags: