Category Archives: Uncategorized

In brief – worrying news last week. In a speech by the Governor of the Bank of England, Sir Mervyn King, he not only said that there are some factors more worrying at the moment than before the first credit … Continue reading →

Trouble on the High Street There are few more depressing sites at the moment tan walking down many of Britain’s High Streets with many having a plethora of closed or closing down shops. The British Retail Consortium (BRC) reports that … Continue reading →

Second credit crunch ? Fears are increasing that the combination of the unprecedented downgrading of America’s credit rating together with the european debt crisis will ultimately impact significantly on the commercial banks in both continents, many of which are exposedas … Continue reading →

Middle class homelessness ? Charities claimed yesterday that middles class people face the biggest threat of homelessness for over a century, as many are losing their jobs, which in turn is leading to losing their homes, and because they do … Continue reading →

Asda – every little information helps (or depresses) In addition to being competitive on price, Asda now tracks disposable spending patterns via it’s Asda Income Tracker report. In the latest report , which makes gloomy reading, the data confirms what … Continue reading →

Up to 6 million people behind with bills Some staggering figures have been released this week by Insolvency specialists R3 which claims that some 6 million people are in arrears with everyday bills and a n additional 2 million are … Continue reading →

Negative equity – stored up trouble The financial worldwide near collapse has thus far been a little like a game of negative “pass the parcel”. Others might say it is more akin to a game of Russian roulette. There is … Continue reading →

Credit cards & repossessions Scratch under the surface and it is clear that, should interest rates rise this year, may families will be pushed over the precipice and may face repossessions. One of the features of this latest recession and … Continue reading →

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