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Liverpool boss says club is not going bust
Posted by Lucy Walters on 23rd Sep 10
Managing director of Liverpool FC, Christian Purslow, has assured fans that the club is not going bust. However, co-owners George Gillet and Tom Hicks owe the royal Bank of Scotland £237 million. The renegotiation or repayment of the loan is due in October. On the clubs’ website, Mr Purslow answered questions from worried fans over [...]
(Read More)Darling still manages to blame the Tories in his budget
Posted by Lucy Walters on 25th Mar 10
Alastair Darling’s budget was always going to be about how the government proposes to slow the massive amount of debt Labour has managed to accrue over its years in power. The country’s finances are in crisis, that is obvious, and we are currently faced with the biggest peacetime deficit in history. But instead of just [...]
(Read More)UK has Worst Debt Ratio of G-7
Posted by Steven Allen on 22nd Jan 10
The global economy took a sharp downturn over the last few years and things have been especially difficult in the United Kingdom. While most of the rest of Europe has pulled itself out of the recession the UK remains stuck in one of the worst downturns in the country’s history. Recent data has shown that [...]
(Read More)Election Talk Focuses on Economy and Debt
Posted by Michael Bond on 20th Jan 10
The global economy that put the world in a credit crunch is still continuing to plague the United Kingdom. One of the reasons that the United Kingdom has taken longer to pull out of the recession is because of a staggering government debt. The credit crunch was caused largely by banks and credit card companies [...]
(Read More)Dubai Developers asking for Patience on Debt Repayment
Posted by Lucy Walters on 1st Dec 09
It has often been said that Dubai is a desert sanctuary, a small bit of paradise which shows the true power of man’s imagination. Others have called it a mirage in the desert, a place built on oil money that is an environmental abomination, an artificial paradise where everything has to be made in the [...]
(Read More)Prime Minister Brown Vows to Clean up Credit
Posted by Michael Bond on 28th Oct 09
A set of consumer protection measures will be rolled out over the next week after Prime Minister Gordon Brown said something needed to be done to force credit card companies and store card operators to clean up their act. Brown went on to detail exactly what problems were plaguing the credit card industry and the [...]
(Read More)UK Has Fire Sale of Assets
Posted by Lucy Walters on 12th Oct 09
The United Kingdom is planning a fire sale of its assets in an effort to cut into its massive government debt. Prime Minister Gordon Brown has announced the plan to sell off many government assets which will trim more than sixteen billion pounds off of its deficit. The United Kingdom has made headlines in recent [...]
(Read More)Porn and Sex Leading to Debt in the UK
Posted by Lucy Walters on 24th Sep 09
According to a recent study, sex addiction is now the third highest cause of money issues in the United Kingdom. A debt relief hotline in the United Kingdom did a survey of those who called into their line to find out the source of their money problems. What they found might shock some as sex [...]
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