Fairinvestment.co.uk

    Personal Finance

      made easy...

 

 

     Compare and Apply Online

    ( 0845 895 1049

        Call now - 9am to 8pm


Compare MortgagesResearch over 7,000 deals

Loan DealsCompare leading UK loans

Financial news

Torrent of bad news fuels recession fears

09/07/2008

Whether Britain is going to enter a recession is a hot topic for discussion at the moment – it can only be determined in retrospect, because a recession is by definition two successive quarters of dropping national output.

However, the trickle of bad news turned into a torrent this week as major companies announced massive job cuts, share prices slumped into a bear market and the services and manufacturing industry presented figures showing a decline in orders and sales. more

  • No change expected for Bank rate as MPC sits on the fence

    As the UK battles against a looming recession due to the attack of the credit crunch, the Bank of England's Monetary Policy Committee faces one of Britain's toughest challenges.

  • Persimmon adds to house builder gloom with 2,000 job cuts

    The house builder Persimmon has announced it will be cutting almost 2,000 jobs – more than 30 per cent of its workforce – as the credit crunch causes a lack of mortgage availability and

  • Bradford & Bingley awaits its fate

    All Bradford & Bingley can do now is wait pensively for the outcome of its rights issue which is due to be open until mid-August. Shares in the bank closed down last night at a new low of 34p, 21p lower than the rights issue share price.


Special offers

Loan CalculatorCompare Loans from 6.9% APR

Featured Advertisers