“Economy at 60-year low, says Darling. And it will get worse.” So says The Guardian which also quotes the Chancellor as commenting, “People are pissed off with us.”
Quite.
The penny at last seems to have dropped, with Alistair Darling stating that the economic times faced by Britain and the rest of the world “are arguably the worst they’ve been in 60 years […]
Archive for August, 2008
We’ve all read the stories about rising house repossessions, as the people who over-stretched themselves to claw their way onto the property ladder ‘at any cost’ during the boom years suddenly realise that borrowing all that money to buy a property at a wildly inflated price probably wasn’t such a good idea after all. […]
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- More job losses as UK motor industry circles the drain
- VAT up, down, shake it all around
- Anger on the streets (and in the annual shareholder’s meeting)
- Only the women can save us now
- “Arg! We’re all completely screwed!” says Confederation of British Industry
- Unemployment benefits probably won’t cover the mortgage repayments
- “If we cut taxes, do you promise to start spending again? Please?”
- The psychology of confidence
- Interest rates slashed - your savings are now as worthless as your house
- Government abandons its own golden rules on borrowing and debt
- JKA on Economics: Where will it end indeed. UK Car sales, new registrations were down almost 40% in November. The problem is demand and even where there is demand, the
- ooopinionsss: How you think when the economic crisis will end? I wish to make statistics of independent opinions!
- Lance: The goverment has introduced special legislation which means that you will get double the protection allowance if you have savings in two banks that m