Should Woolworths have been saved?
It’s a sad day indeed when a towering high street brand such as Woolworths goes into administration. The problem was not a declining business model as much as the inability of the company to service...
View ArticleOECD says worse to come for America
The BBC gives quite long and extensive coverage on a report from the OECD on the economic challenges facing the USA, and it is not pretty: US faces deep problems, OECD says The OECD paints a grim...
View ArticleWhy the Bank of England rate cut is wrong
This week’s move by the Bank of England to cut the interest rate to an all time low of 1% is a bad move for all of us, especially those trying to save money. It is an unfortunate double whammy, because...
View ArticleAdverse economic conditions continue to build up
This spring’s green shoots are being increasing shown to have misplaced optimism, with economic conditions continuing to worsen within the UK – GDP continues to fall, and expectations of a recovery...
View ArticleDoes the UK face economic collapse like Japan?
The more I read about the impact of the financial crisis in the UK, the more it feels that the UK is doomed economically, and that the best option now while you have cash in Great British Sterling is...
View ArticleEurozone: Spain the next crisis target
Concerns about the so-called PIGS – Portugal, Ireland, Greece, Spain – continue to dominate the financial news as the likelihood of a second wave to the financial crisis, this time a sovereign crisis,...
View ArticleWhy the property market is about to fall
The UK’s property market is beginning to see the signs of a downturn finally begin to show, setting the stage for a double dip in property values. While the DCLG reports that property inflation over...
View ArticleFinancial reform must go beyond FSA and BoE
Last week one of the biggest financial stories was George Osbourne’s effective dismantling of the FSA and returning full supervisory powers to the Bank of England. The problem being, of course,as has...
View ArticleRBS loses over a billion
Just when you thought the financial crisis in the banks was over, then Royal Bank of Scotland posts a £1.1 billion loss. While the cause of the loses especially seems linked to the RBS subsidiary...
View ArticleTesco earnings up, UK and USA sluggish
Tesco has reported a rise in profits, with revenues up 8.1% to £67.6bn. For the 12 months closing 26 February 2011 their pre taxes revenue had been upward from previous year having a bump up of around...
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