Posts Tagged ‘UK economy’
Cupboards are bare in the UK
Posted by smeddum on January 27, 2010
Posted in Uncategorized | Tagged: cadbury, UK economy | Leave a Comment »
Hong Kong recalls gold reserves, touts high-security vault In a challenge to London, Asian states invited to store bullion closer to home
Posted by smeddum on September 14, 2009
Sept. 3, 2009, 6:22 a.m.
Hong Kong recalls gold reserves, touts high-security vault
In a challenge to London, Asian states invited to store bullion closer to home
By Chris Oliver,
HONG KONG (MarketWatch) — Hong Kong is pulling all its physical gold holdings from depositories in London, transferring them to a high-security depository newly built at the city’s airport, in a move that won praise from local traders Thursday.
The facility, industry professionals said, would support Hong Kong’s emergence as a Swiss-style trading hub for bullion and would lessen London’s status as a key settlement-and-storage center.
“Having a central government-sponsored vault would create a situation where you could conceivably look at Hong Kong as being a hub, where metal could be traded for the region,” said Sunil Kashyap, managing director at Scotia Capital in Hong Kong, adding that the facility was the first with official government backing in the region. Read the rest of this entry »
Posted in Financial crisis | Tagged: gold, UK economy | Leave a Comment »
European Commission sees galloping UK debt crisis
Posted by smeddum on September 11, 2009
European Commission sees galloping UK debt crisis
Britain’s public debt will explode to 180pc of GDP within a decade unless future governments take drastic measures to restore fiscal probity, according to a confidential study by the European Commission.
By Ambrose Evans-Pritchard
10 Sep 2009
The Treasury expects UK’s debt to peak at around 80pc, less than half the EU prediction
The projection is more than twice the level forecast by the UK Treasury, which expects the debt to peak at around 80pc before gradually falling as growth revives and tax revenues come back to life. Read the rest of this entry »
Posted in Financial crisis, UK economy | Tagged: UK debt crisis, UK economy | Leave a Comment »
Crisis hits restaurants as diners decide to stay home
Posted by smeddum on August 25, 2009
Crisis hits restaurants as diners decide to stay home
Celebrity chefs suffer as recession forces closures and reduced trading hours
By Martin Hickman, Consumer Affairs Correspondent
Monday, 24 August 2009
Restaurants are closing at the fastest rate in decades as people economise on eating out during the recession, industry figures reveal.
Data given to The Independent shows the recession has badly bruised food outlets, with diners spending £330m less on sit-down meals and takeaways in the first half of this year. In the £19bn-a-year sector – whose margins average 5 per cent – independent restaurants have been worst affected, while branded groups have lured customers with half-price offers that have hit profits. Read the rest of this entry »
Posted in Financial crisis | Tagged: UK economy | Leave a Comment »
Q2 insolvency stats reflect misery of UK economy
Posted by seumasach on August 8, 2009
David Jetuah
7th August, 2009
Hostile economic conditions have seen more than 33,000 people file for bankruptcy in the last quarter alongside 5,055 company liquidations and 1,529 other collapses.
Posted in Financial crisis | Tagged: UK economy | Leave a Comment »
In These New Times 