We're riddled with debt... but the cure is a killer

                   
independent.co.uk     06-Jul-2008            

For 10 years, individuals, companies and the public sector have all been living on credit, going still deeper into the red. Meanwhile, as a nation, we're saving less of our income than at any time since the 1950s. Amid government inertia and misguided intervention by the Bank of England, the day of reckoning is approaching, says Phillip Blond Sunday, 6 July 2008 Gordon Brown has campaigned forcefully for a 100 per cent write-off for Third World debt. Yet, while cancelling foreign loans, he has presided over an unprecedented 10-year explosion in domestic debt. In Britain, personal, household and company debt has risen to extraordinary levels, while public-sector borrowing is now approaching the historic highs of the 1980s. Total UK personal debt (including secured and unsecured lending) at the end of May stood at £1,443bn, 8... [read full story]                    

FULL COVERAGE

FTSE 100 rises on opening

myfinances.co.uk     30-Jun-2008          

FTSE 100 was up 0.21 per cent at 9:20 BST as an initial morning jump settled. The index now stands at 5541.60 – up 11.70 points. Biggest gains came for miner Rio Tinto – up 1.78 per cent – after speculation Lakshmi Mittal, head...                    

comments

                   

Jeremy Warner's Outlook: Dealing with Britain's beleaguered housing market may call for some...

independent.co.uk     01-Jul-2008          

Something must be done. So says Vince Cable, the Liberal Democrat spokesman on Treasury affairs, who rose to prominence by urging the Government to nationalise Northern Rock. With the wider housing market showing every sign of...                    

comments

                   

FTSE gains ground to start the week

myfinances.co.uk     30-Jun-2008          

The FTSE 100 closed up 1.47 per cent to 5611.20 as traders hope the tide of last week's forlorn performance is changing. Honours of the day went to defence specialist Cobham – rising 6.12 per cent. Vodafone was up 5.26 per...                    

comments

FTSE 100 falls back down

myfinances.co.uk     01-Jul-2008          

The FTSE 100 fell over one per cent on opening to 5567.30. At 9:05 BST the index stood down 1.04 per cent with retailer Kingfisher leading the drop. The B&Q owner slipped 4.27 per cent after poor results from Carpetright put...                    

comments

                   

E-shoppers keep faith with online

mad.co.uk     01-Jul-2008          

E-retail customer satisfaction and online purchasing is still increasing, despite fears over data theft, according to new research. The e-customer service (e-CSI) index from Interactive Media in Retail Group (IMRG), as part of...                    

comments

                   

Manufacturing offers some respite to Wall St

ft.com     01-Jul-2008          

US equity markets began the third quarter in familiar fashion on Tuesday, falling sharply as oil prices streaked higher, although new data showing an unexpected expansion in manufacturing activity in June helped limit losses....                    

comments

                   

Need to know: Nokia; Setanta; Southern Cross; Alliance Pharma

timesonline.co.uk     02-Jul-2008          

Economics FTSE 100 Leading shares began the second half of the trading year on a sour note, with the FTSE 100 index dropping 146 points, or 2.6 per cent, amid mounting investor fears over economic prospects. Manufacturing...                    

comments

                   

FTSE edges above 5,500

ft.com     02-Jul-2008          

London bounced on Wednesday, but housebuilders were hammered by news of Taylor Wimpey's failure to complete its capital raising plan. Retailers also fell fast after a disappointing update from Marks & Spencer resurrected fears...                    

comments

Hain evidence file handed to CPS

inthenews.co.uk     02-Jul-2008          

The FTSE 100 saw minor gains drift away at the end of the day to end a shade off one per cent down. The index closed down 0.98 per cent to 5426.30 – dropping as the markets opened and fell in New York. Marks & Spencer fell...                    

comments

                   

Unfilled teaching posts have risen by 23% in a year

independent.co.uk     03-Jul-2008          

Schools are in the grip of their worst staffing crisis for years, with of a 23 per cent rise in the number of unfilled teaching jobs. There are 2,510 vacancies across the country, latest figures from the Department for...                    

comments

1 2 next