The average UK household debt has increased for the first time in five years. Student loans are fuelling a new increase in household debt, with the average UK household £8,159 in debt – the... Read more
In a recent speech given in Tokyo, the head of the IMF stated that the outlook for the global economy is worse than expected. Christine Lagarde said that the state of affairs around the worl... Read more
This week David Miles, one of the members of the Monetary Policy Committee, addressed the Society of Business Economists stating that this recession is the worst of any within the past centu... Read more
In the words of the BoE governor, Sir Mervyn King, the EU is quite literally “tearing itself apart” and this is having a huge impact on the economy of the UK. Inflation will stay higher long... Read more
Market news is not good as investors are spooked over recent events in Greece and France. Both countries have been at the heart of the ever-present debt crisis in the EU, but recent events h... Read more
In recent weeks economists had been predicting that the economy would just slightly miss a double-dip recession by a very small growth of 0.1%. Unfortunately, even City economists missed the... Read more
As recently as two days ago, the BoE was predicting a 0.1% growth in the GDP. However, today a policymaker for the Bank of England is now saying figures ‘could’ show a slight decline in grow... Read more
It appears as though once again Greece is on the precipice of defaulting on international loans as less than half of the country’s creditors voted in favour of a £172 billion bond swap. Alon... Read more
Fitch has announced that by month’s end they would release “ratings watch negative” on six eurozone countries which include Ireland, Spain, Italy, Belgium, Cyprus and Slovenia. Each of these... Read more
UK factories have been recording the lowest exports since almost two years ago in January of 2010 and it is attributed largely to the debt crisis in the eurozone. In a monthly report release... Read more