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Archive for the ‘UK economy’ Category

UK seeks Chinese investment

Posted by seumasach on December 3, 2013

“We think we have a lot to learn from China because of the success of your high-speed rail. I said to your president and prime minister yesterday that just as we welcome Chinese investment into nuclear power, into other infrastructure so there will be very open competition to provide the infrastructure for our network. We will welcome Chinese investment into that.”

Guardian

3rd December, 2013

UK would welcome Chinese investment in HS2, says David Cameron

David Cameron has told the Chinese leadership that he would welcome investment by Beijing in Britain’s high-speed rail network.

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Posted in Multipolar world, UK economy | Tagged: | Leave a Comment »

£1,430,000,000,000 (that’s £1.43 trillion): Britain’s personal debt timebomb

Posted by seumasach on November 22, 2013

Independent

20th November, 2013

Britain faces a timebomb as the cost of living crisis forces more people into crippling debt they will not be able to repay, according to a major study published today.

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Posted in UK economy | Leave a Comment »

Fury at Glasgow woman’s Bedroom Tax eviction

Posted by seumasach on November 17, 2013

 

Newsnet Scotland

15th November, 2013

A woman from Glasgow has become the first in Scotland to be evicted due to the Bedroom Tax after falling behind with her rent.

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Posted in UK economy | Tagged: | Leave a Comment »

Red Cross aid plan for UK’s hungry

Posted by seumasach on October 12, 2013

Red Cross launches emergency food aid plan for UK’s hungry

Independent

11th October, 2013

The Red Cross will this winter start collecting and distributing food aid to the needy in Britain for the first time since the Second World War, as welfare cuts and the economic downturn send soaring numbers of people to soup kitchens and food banks across Europe.

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Posted in UK economy | Leave a Comment »

Warning on bond prices

Posted by seumasach on October 10, 2013

Bond investors face ‘untold damage’ when interest rates rise

Telegraph

8th October, 2013

Rising interest rates could inflict “untold damage” on bond portfolios, a senior investment analyst has warned.

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Posted in Financial crisis, UK economy | Tagged: | Leave a Comment »

Insolvency threat from UK’s ‘zombie’ businesses

Posted by seumasach on September 24, 2013

Scotsman

23rd September, 2013

Years of recession and financial crisis have turned almost one in ten of the UK’s 2.5 million companies into “zombies”, threatening a “surge of insolvencies” as they are left behind by the improving economy.

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Our global banks – still too mighty to control

Posted by seumasach on September 15, 2013

Liam Halligan

Telegraph

14th September, 2013

Lehman Brothers filed for bankruptcy on September 15 2008. The resulting financial meltdown led to the first global recession in living memory, so causing countless job losses and widespread human misery.

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Posted in UK economy | Tagged: , | Leave a Comment »

UK food bank users doubled during school holidays

Posted by seumasach on August 11, 2013

PressTV

10th August, 2013

Food banks users have been doubled this summer as British households struggle to feed their children during school holidays, charity says.

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Posted in UK economy | Leave a Comment »

I warn you, Mr Carney – a housing bubble is coming

Posted by seumasach on August 11, 2013

Telegraph

10th August, 2013

Any politician suffering a little in the polls knows he or she needs only to tickle the public’s home-buying erogenous zones for a general feeling of warmth to flow from the voter to the MP.

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Posted in UK economy | Leave a Comment »

Food poverty hits 18% of UK

Posted by seumasach on July 8, 2013

[This crisis is the result of rampant inflation whose roots lie ultimately in money printing(QE). We badly need a realistic assessment of inflation so that wages, benefits and pensions can be indexed.]

Government urged to act as food poverty hits 18% of UK

Telegraph

30th June, 2013

An estimated 18 per cent of the country were forced to skip meals, ask friends or family for food, rely on a food bank or go without so their kids could eat in the past year.

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Posted in UK economy | Tagged: , | Leave a Comment »

City firms switching from Tories to UKIP

Posted by seumasach on May 25, 2013

By making link between anti-EU feeling and defense of City interests explicit UKIP is making British politics much clearer. It remains for a new centre to emerge which both embraces Europe and puts the City in its place.

Telegraph

24th May, 2013

City firms – most notably the hedge fund, insurance and commodities sectors – are sick of the “unending blizzard” of regulation coming out of Brussels, says Mr Farage, who claims traditional City Conservative supporters are switching allegiance to UKIP.

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Posted in UK economy | Leave a Comment »

 
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