UK public sector could have £4 trillion of hidden debts
The UK’s public sector debt could be nearly £4 trillion higher than headline figures suggest, according to new research that highlights the scale of the economic challenges facing the new Government. The Office for National Statistics (ONS) has released a study revealing that the public purse could be faced with £4.84 trillion of liabilities compared [...]
July 21, 2010
Tags: BoE, bonds, Credit Crunch, sovereign debt Posted in: Uncategorized 
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Budget balanced cuts with taxes to reduce debts
The Chancellor, George Osborne, has outlined the government’s plans to “balance the books” by 2016. A prudent course of action for any organistion which is overspending the equivalent of a quarter of it’s annual income. Mr Osborne said the government planned to cut the structural budget deficit to zero in the next six years. The [...]
June 24, 2010
Tags: bonds, Conservatives, uk recession Posted in: Uncategorized No Comments
UK’s credit rating in doubt unless cuts are made warning
Credit ratings agency Fitch has warn that the UK faces a formidable fiscal challenge and called on Britain’s coalition government to speed up efforts to cut the record budget deficit.Fitch noted that the rise in public debt ratios since 2008 has been faster than in any other AAA-rated country. Britain’s deficit is nearly twice as [...]
June 9, 2010
Tags: bonds, consolidate debt loans, Credit Crunch, Loan calculator, loans, uk recession Posted in: Uncategorized No Comments
Eurozone banks face £165bn in toxic loan losses
The European Central Bank has warned of a second wave of bank writedowns from toxic loans.The European Central Bank warned that eurozone banks face a “second wave” of up to £165 billion in potential loan losses this year and next and that the financial sector is facing “hazardous contagion” from the sovereign debt crisis. The [...]
June 3, 2010
Tags: bonds, borrowing, Credit Crunch, ECB, euro, refinancing rates, sovereign debt, sub prime loans Posted in: Uncategorized No Comments
UK budget deficit revised lower by ONS to £156,000,000,000
The Office for National Statistics (ONS) has revised down the amount borrowed by the labour government last year from £163.4bn to £156bn.Borrowing was £5.5bn lower than previously thought in March, the statistics agency added. Borrowing for April was £10bn – also lower than expected by many economists. The figures will provide some good news for [...]
May 25, 2010
Tags: bonds, Conservatives, consolidate debt loans, Credit Crunch, labour liars, Loan calculator, uk recession Posted in: Uncategorized No Comments
Sovereign debts pose new threat to global economy
Rising government debt is creating new risks to global financial stability, the IMF has warned. The IMF warned that the increase in sovereign debt would put new pressure on lending markets just as the world’s banks try to refinance about £3.5 trillion in short term borrowings. However, the fund has cut its estimate of the [...]
April 23, 2010
Tags: bonds, borrowing, consolidate debt loans, Greece, IMF, Loan calculator, loans, sovereign debt Posted in: Uncategorized No Comments
