Posts Tagged ‘recession’

Brits live in fear of rising bills

Thursday, October 23rd, 2008
Rising food and utility bills cause concern for BritsRising bills ‘biggest finance fear’
Rising food and energy bills are seen by Britons as a bigger financial threat than recession, a survey showed.
Research from the Association of Investment Companies (AIC) found that 52% of the general public believed their greatest financial threat was rising food and energy prices, followed by the possibility of recession (13%) and then the credit crunch (8%).
The figures marked a change from six months ago, when a quarter of the public’s foremost financial worry was the threat of recession. Read the full story here on MSN.co.uk - Rising bills ‘biggest finance fear’

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Falling output from British factories sparks recession fears again

Tuesday, September 9th, 2008

Falling manufacturing outputOfficial figures released today show manufacturing output fell 0.2 per cent between June and July 2008.

Industry experts are predicting or should I say praying that interest rates will be cut in the last few months of 2008 as we’re seeing the longest period of decline in manufacturing output for over seven years.

If predictions are correct the UK economy will be officially in recession by the end of 2008.

The British Retail Consortium also reported high street conditions were at their worst as sales fell 5 months out of the last 6.

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