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.
Archive for the ‘UK economy’ Category
£1,430,000,000,000 (that’s £1.43 trillion): Britain’s personal debt timebomb
Posted by seumasach on November 22, 2013
Posted in UK economy | Leave a Comment »
Fury at Glasgow woman’s Bedroom Tax eviction
Posted by seumasach on November 17, 2013
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.
Posted in UK economy | Tagged: bedroom tax | 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
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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Warning on bond prices
Posted by seumasach on October 10, 2013
Bond investors face ‘untold damage’ when interest rates rise
8th October, 2013
Rising interest rates could inflict “untold damage” on bond portfolios, a senior investment analyst has warned.
Posted in Financial crisis, UK economy | Tagged: bond market bubble | Leave a Comment »
Insolvency threat from UK’s ‘zombie’ businesses
Posted by seumasach on September 24, 2013
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
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.
Posted in UK economy | Tagged: bankrupt Britain, QE3 | Leave a Comment »
UK food bank users doubled during school holidays
Posted by seumasach on August 11, 2013
10th August, 2013
Food banks users have been doubled this summer as British households struggle to feed their children during school holidays, charity says.
Posted in UK economy | Leave a Comment »
I warn you, Mr Carney – a housing bubble is coming
Posted by seumasach on August 11, 2013
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.
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
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.
Posted in UK economy | Tagged: inflation, inflation index | 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.
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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EU to end tax evasion and bank secrecy
Posted by seumasach on May 25, 2013
“At a time when finances are tight and taxpayers are squeezed, it’s only right that we crack down on those who pursue illegal means to avoid making any contribution to public coffers, and who put smaller competitors at a disadvantage,” said Conservative MEP Martin Callanan, in a direct challenge to British PM David Cameron to make tax evasion a priority in the UK
22nd May, 2013
In a period of record recession and unemployment, the EU has decided to recover a reported €1 trillion in tax revenue lost in loopholes and fraud, and has set a one year deadline to end banking secrecy.
Posted in UK economy | Leave a Comment »
In These New Times 