UK banks’ recovery may not be sustainable

Posted by Kim Newbold on 27th Aug 10

Government stimulus packages and a general improvement in the country’s economy are the reasons banks have been able to turn their fortunes around, according to bosses at Standard and Poor (S&P), not the banks’ management. The rating agency warned that the good performance may not be sustainable and new policies implemented by banks’ bosses may [...]

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Darling’s budget gets mixed reviews

Posted by Kim Newbold on 26th Mar 10

Alistair Darling’s budget this week has clearly defined how Labour intends to fight the upcoming general election. It was never going to win much approval from the Tory opposition who made it clear that they hold Labour responsible for destroying the country’s finances and see them doing little to remedy the situation. Conservative leader David [...]

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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 [...]

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UK Hopes 2010 Brings Increased Manufacturing

Posted by Rob Jones on 15th Jan 10

Some recent reports from the UK have given the indication that the recession that has plagued the country is starting to come to an end.  Retailers like Tesco have reported record holiday sales which may show that consumer confidence is starting to return.  Although there have been some indicators that the recession in the United [...]

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Homegrown and Local Food Helps Environment

Posted by Michael Bond on 15th Jan 10

One of the issues that rarely gets mentioned during the discussion of the environment is the impact that food has on our ecosystem.  Factory farming has definitely taken its share of criticism but most people don’t think about the carbon footprint that is created when food is shipped across long distances.  Most of the time [...]

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Brown Tries to Promote Labour Party

Posted by Kim Newbold on 1st Jan 10

As the general elections in the United Kingdom get closer both the Labour and Conservatives are stepping up their propaganda machines in an attempt to win over the voters of the UK.  Although most people speculate that the continued wars in Iraq and Afghanistan, coupled with the poor economy has doomed the Labour Party to [...]

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Scots Still Cannot Find Work

Posted by Steven Allen on 29th Dec 09

What is meant to be a festive time where people count their blessings has not been so for many around the United Kingdom.  Especially in Scotland, where the recession has been particularly cruel, leaving many out of work for the holidays.  This has been the case all over the world, as the global downturn takes [...]

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November Retail Numbers Suffer Decline

Posted by Rob Jones on 21st Dec 09

A recent study found that internet searches about the economy were among the most searched ideas over the last decade.  This shows that the issue of the economy has been at the forefront of people’s minds, especially over the last year when Britain has remain mired in one of the longest economic recessions in modern [...]

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Shoppers Spending Even During Recession

Posted by Rob Jones on 14th Dec 09

As the holiday season approaches many people are checking their finances to make sure they have enough to buy the gifts that they want to give to friends and family.  This year has been especially hard on consumers in the United Kingdom, which remains mired in a financial recession that has seen the economy shrink [...]

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Debenhams Slashes Prices for Christmas

Posted by Kim Newbold on 20th Nov 09

The global recession has had various effects on a bevy of businesses around the United Kingdom.  With profits and customers disappearing quickly many industries have turned to new and innovative schemes in an effort to increase customers and profits.  Some in the hotel business were cutting amenities and stars in an effort to lower their [...]

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