debt crisis

Student Borrowing Fuels Increasing Household Debt

Credit Cards, Debt Crisis, Economy | by Sam Allcock

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 highest average debt figure since the…

Outlook for global economy weaker than expected

Debt Crisis | by Sam Allcock

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 world is bleak and has extended…

Misleading figures do not show true depth of this recession

Economy | by Sam Allcock

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 century. He contends that the current recession was caused…

Eurozone continues to have negative impact on UK economy

Debt Crisis | by Sam Allcock

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 longer and it may not…

Greece and France again at the heart of debt crisis in EU

Debt Crisis | by Sam Allcock

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 have plunged them even further into…

Despite predictions, UK officially in a double-dip recession

Economy | by Sam Allcock

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 mark as the shocking news was revealed today that the…

Will tomorrow’s news show UK growth or recession?

Debt Crisis | by Sam Allcock

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 growth. This would place the…

Greece once again close to defaulting on debt

Debt Crisis | by Sam Allcock

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. Along with 30 banks in Europe, HSBC,…

Fitch to announce eurozone ratings later this month

Debt Crisis | by Sam Allcock

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 countries are struggling to cope with the debt crisis and each…

UK exports suffering from euro crisis

Business | by Sam Allcock

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 released by the CBI, as many as…

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Business News from around the UK

debt crisis

Student Borrowing Fuels Increasing Household Debt

Outlook for global economy weaker than expected

Misleading figures do not show true depth of this recession

Eurozone continues to have negative impact on UK economy

Greece and France again at the heart of debt crisis in EU

Despite predictions, UK officially in a double-dip recession

Will tomorrow’s news show UK growth or recession?

Greece once again close to defaulting on debt

Fitch to announce eurozone ratings later this month

UK exports suffering from euro crisis

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