Archive for April, 2009
Flu pandemic could wipe 7pc off UK economy, warns Bank of England
A flu pandemic could wipe more than 7pc off Britain’s economic output, and trigger the worst recession since the early 1920s, according to Bank of England calculations. Not only would it cause a permanent dent in Britain’s economic growth, it would see such significant losses to banks that it could trigger further bank nationalisations. It [...]
April 30, 2009
Tags: Bank of England, Loan calculator, UK loans rates, uk recession Posted in: Uncategorized 
No Comments
Bank of England interest rate setter Kate Barker says banks right to be cautious
Kate Barker, the Bank of England Monetary Policy Committee member, was quoted today as saying it was right for banks to be cautious about lending in the face of rising unemployment and housing repossessions. In comments to a panel discussion on April 20, extracts of which were published on the “Mortgage Introducer” industry website, Ms [...]
April 29, 2009
Tags: home loans, Loan calculator, UK loans rates, uk recession, unemployment Posted in: Uncategorized No Comments
Risk aversion trades take centre stage for loan calculator
Swine Flu continues to dominate loans market chatter. Unfortunately it is the unknown that is causing the problem rather than anything definite and until we know whether the infectiousness of the virus, which originated in Mexico, can be contained by the World Health Organisation then we won’t be sure of the financial impact. The death [...]
April 28, 2009
Tags: Credit Crunch, ECB, falling interest rates, Loan calculator, recession Posted in: Uncategorized No Comments
Swine flu fears may hit airline, hotel shares
Travel and hotel groups are braced for a turbulent ride today as the markets react to fears over the strain of swine flu that was reported to have killed up to 71 people and closed much of public life in Mexico at the weekend. Analysts said that the news would revive memories of the 2002-03 [...]
April 27, 2009
Tags: Bank of Japan, Credit Crunch, recession, uk recession Posted in: Uncategorized No Comments
Budget 2009- Britain’s debt will not be under control until 2032
The unprecedented burden of public debt built up by Gordon Brown will not be brought under control for nearly a quarter of a century, economists have said. ”Debt freedom day”, when the national debt returns to sustainable levels, will not be reached until 2032 – another 23 years away, the respected Institute for Fiscal Studies [...]
April 24, 2009
Tags: consolidate debt loans, Credit Crunch, labour liars, Loan calculator, loans, UK loans rates, uk recession Posted in: Uncategorized No Comments
Alistair Darling’s Budget derided as ‘fantasy’
Alistair Darling’s 2009 Budget has been derided as a stew of unrealistic forecasts and missed opportunities, after the labour Chancellor conceded the current slump is comparable with the Great Depression but insisted it would be over by Christmas. Mr Darling cemented his reputation as the Chancellor with the worst forecasting record in modern history after [...]
April 23, 2009
Tags: Bank of England, BoE, IMF, labour liars, UK loans rates, uk recession Posted in: Uncategorized No Comments
Unemployment hits 2.1m ahead of ‘Budget for jobs’
Jobless numbers swell to the highest since Labour came to power in 1997 as 73,700 more people joined the dole queue. The number of people out of work rose by 177,000 to 2.1 million in the three months to February, official figures showed today, as Alistair Darling prepared to outline his “Budget for jobs.” New [...]
April 22, 2009
Tags: Credit Crunch, UK loans rates, uk recession, unemployment Posted in: Uncategorized No Comments
Tens of thousands of home owners evicted since labour’s measures first spin
Tens of thousands of home owners have been evicted from their homes since Gordon Brown first span a package of measures to help them, new figures show. Calculations suggest up to 28,000 households -across Britain have had their homes repossessed despite the measures being announced last December. The Homeowner Mortgage Support Scheme, intended to help [...]
April 21, 2009
Tags: home loans, recession, refinancing rates, UK loans rates, uk recession Posted in: Uncategorized No Comments
US economy facing substantial risks
The US economy is still facing “substantial risks” as the property bust spreads to commercial real estate and the recession engulfs the world, a top White House adviser has said. Larry Summers, chair of the National Economic Council, said there were signs that worst may be over but warned that “it is a long road [...]
April 20, 2009
Tags: consolidate debt loans, new home sales, recession, US mortgage rates Posted in: Uncategorized No Comments
Almost one million home owners in negative equity, says CML
Almost one million home owners are in negative equity, the Council of Mortgage Lenders has suggested. It claimed that about 900,000 home owners currently have some degree of negative equity, where the value of their home is less than their mortgage. Bob Pannell, head of research at the CML, said negative equity had “resurfaced” as [...]
April 17, 2009
Tags: consolidate debt loans, home loans, Loan calculator, new home sales Posted in: Uncategorized No Comments
