Friday, November 14th, 2008
A leading finance expert has reported that many private schools are struggling to survive as pupil numbers fall, primarily because increasingly cash-strapped families are finding it hard to pay for private schooling during the credit crunch.
The cost of a private education has risen by 40% in five years and ...
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Tuesday, October 21st, 2008
UK Prime minister or (Sub Prime minister as he was called this week), Gordon Brown and his bushy eyebrowed sidekick the UK Chancellor Alistair Darling are to bring forward projects and spend the UK out of recession, they are planning to build more roads, schools and hospitals to get the ...
Posted in Credit crunch, Debt | 2 Comments »
Saturday, October 11th, 2008
The UK government has now announced a package of proposals that are aimed at rescuing the banking system. The plan will make around £400 billion of ‘fresh money’ available to fund the rescue.
The plan initially makes extra capital available to eight of the UK’s biggest banks and building societies ...
Posted in Banking, Credit crunch | 1 Comment »
Saturday, October 11th, 2008
A hastily formed delegation of Treasury officials has arrived in Iceland to secure assurances that UK investors will not lose their money as a result of its banking crisis.
The meetings follow heated exchanges between Gordon Brown and his Icelandic counterpart, Geir Haarde, about the crisis.
The UK officials are ...
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Thursday, October 9th, 2008
This past week has been the most action packed so far in this credit crunch, we've had Billions of pounds lost on share prices around the world, united action from governments cutting interest rates by 0.5% and yet more of UK Tax payers money going to banks.
Monday saw the biggest ...
Posted in Credit crunch | 2 Comments »
Wednesday, October 1st, 2008
[caption id="attachment_115" align="alignleft" width="300" caption="What will you get this christmas?"][/caption]
Several reports recently have shown that many UK families are planning on spending a lot less this Christmas than they normally would.
Half of Britons are dreading the run-up to Christmas and many are planning to cut back not only on presents ...
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Monday, September 29th, 2008
Bradford & Bingley, Lehman… who’s next?
Troubled high street bank Bradford & Bingley has been nationalised. An announcement is expected to the effect that B&B – the latest global credit crunch casualty – will be sold almost immediately to another bank chain or a consortium of leading banks.
Prospective buyers for the ...
Posted in Banking, Credit crunch | 1 Comment »
Sunday, September 28th, 2008
The ongoing credit crunch and all the associated debt problems are impacting significantly on Brits long-term health, both physical and mental, according to new reports out recently.
A report jointly commissioned by Friends Provident and the Blood Pressure Association has shown that almost two out of three UK adults now suffer ...
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Tuesday, September 16th, 2008
Yesterday was a bad day not just for those that work in places like Londons Canary Wharf but for anyone who has a Bank Account, Pension Fund or Mortgage.
UK Inflation is at a 16 Year High, Bank of England Governer Mervyn King had to write a letter to UK Chancellor ...
Posted in Banking, Credit crunch | No Comments »
Tuesday, September 9th, 2008
The recent death by suicide of a father of two, Karl Harrison, aged 40, is being blamed on the credit crunch.
Harrison of Amlwch, North Wales, fell into arrears on his mortgage and council tax and was frantically worried that he would lose his family home.
It was stated at an inquest ...
Posted in Credit crunch, Debt | No Comments »
