Tag Archives: recession

Britain’s economy cannot be revived with Osborne’s phantom billions – Will Hutton

It is hard to decide which is more worrying ??? the desperate economic conditions through which we are living, or the poverty of imaginative thinking about what to do. The current consensus is that it will only be in 2014 that Britain’s output wil… Continue reading

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Finally! Exposed! The Deficit Myth! – Ramesh Patel, HuffPost

“A lie gets halfway around the world before the truth has a chance to get its pants on” – Winston Churchill As a Conservative I have no pleasure in exposing David Cameron’s deficit claims. However, as long as the party continues to talk down the e… Continue reading

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Number of homeless children soars by 60 per cent in a year

The number of children and pregnant women forced to live in bed and breakfast accommodation has risen by 60 per cent in a year, according to a new report. Homeless Bound, by the National Housing Federation, also found that over a third of families… Continue reading

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Charts that tell the tale of stagnation Britain

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A million working adults face benefits cuts next year

Nearly 1.2 million people may be sanctioned if they do not obtain extra work, increase their hours or find a higher paying job Nearly 1.2 million working adults will for the first time next year face losing some of their benefits if they do not co… Continue reading

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Bank’s stimulus plan ‘has lined pockets of the rich’ – Independent

The Bank of England’s money-printing programme, intended to revive economic growth, has delivered a massive boost to the wealth of the most prosperous 10 per cent of households in Britain while delivering relatively scant returns for the poorest, … Continue reading

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Rise in suicides blamed on impact of recession

Male suicides increased by 3.6% as joblessness rose 25%, with unemployment linked to 1,000 deaths from 2008-10 More than 1,000 people in the UK may have killed themselves because of the impact on their lives of the economic recession, according to… Continue reading

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Credit crunch: from boom to bust – How the world’s economy plunged into recession

9 August 2007 BNP Paribas freeze three of their funds, indicating that they have no way of valuing the complex assets inside them known as collateralised debt obligations (CDOs), or packages of sub-prime loans. It is the first major bank to acknow… Continue reading

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Tenants spending twice as much [proportionately] on accommodation as homeowners

Those who rent pay out over twice as much of their income on their accommodation than homeowners spend on a mortgage, new figures reveal, a financial penalty for a generation unable to buy a home, say charities. Statistics released on Thursday in … Continue reading

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Consumer borrowing jumps to ??732m in May

Unsecured debts have almost doubled, according to the Bank of England, raising concerns that households are borrowing to fund everyday spending The amount of unsecured credit taken on by consumers leapt to ?732m in May, driven by a sharp rise in b… Continue reading

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