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 »
Friday, September 5th, 2008
More and more Brits are leaving the UK to set up home abroad due to the credit crunch, according to currency specialist 'HiFX'.
Last year, record numbers of UK citizens moved abroad permanently and the company states that enquiries about emigration have increased by 30% this year.
The findings suggest that Brits may be feeling the economic effects ...
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Tuesday, September 2nd, 2008
The Value of Sterling has dropped following credit crunch comments from Alistair Darling. GBP is still on a seemingly unstoppable downward spiral despite the announced £1 billion government housing package.
Sterling has fallen to an all time low against the Euro trading at just £0.8153, earlier this morning, the £ was also getting battered by the $ ...
Posted in Banking, Credit crunch | No Comments »
Sunday, August 31st, 2008
Research from leading accountants Grant Thornton has shown that the total amount owed by UK consumers in the form of mortgages, loans and credit cards has increased by 7.3% in the 6 months preceeding June. The figure now stands at nearly £1.5 trillion.
During the same six months, the UK's Gross Domestic Product (GDP) only increased by ...
Posted in Credit crunch, Debt | No Comments »
Thursday, August 28th, 2008
UK Property prices could ent the year 15% Down
Yet more evidence the credit crunch is far from over was announced yesterday, Nationwide one of the UK's largest mortgage lenders said the average price of a property fell by 1.9 percent in August, 10.5 percent lower than property prices were last August. ...
Posted in Credit crunch, Property Prices | No Comments »
Monday, August 25th, 2008
Tour operators going broke
Thousand of U.K Holidays makers could have their holidays ruined, some could even have troubles getting home as the credit crunch hits tour operators. 4 Tour operators have collapsed in the last 4 weeks, bringing the years total to 12 since April.
Holiday makers will be protected ...
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Thursday, August 7th, 2008
The credit crunch has not only caused more burglaries to be committed but also has made some criminals so desperate for money that they are taking risks that put the victims of this type of crime at more risk than ever.
Sir Hugh Orde, who is the Chief Constable of Northern ...
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Tuesday, August 5th, 2008
It’s been reported recently that the HSBC banking group has experienced a 28% drop in profits so far in this trading year, which, as one of the country’s top four banks, is an indicator that the credit crunch is biting hard. Their profit on the first half of the year ...
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Monday, August 4th, 2008
Both small and large businesses are finding it a struggle to make a profit or even to break even at the moment. The economic gloom surrounding the credit crunch is being blamed as consumers have less and less money to spend each month.
Some companies are trying to keep their existing ...
Posted in Credit crunch | 1 Comment »
Friday, August 1st, 2008
We’re all looking for ways to survive and even beat the credit crunch right now, so here’s a few ideas for how you can work around the current financial crisis.
Credit Card vs Savings: If you have any savings, they are probably earning only single figure – and low single ...
Posted in Credit crunch, Personal Finance | No Comments »