World economy on verge of new jobs recession- ILO

The global economy is on the verge of a new and deeper jobs recession that may ignite social unrest, the International Labour Organization (ILO) has warned.It will take at least five years for employment in advanced economies to return to pre-crisis levels, it said. The ILO also noted that in 45 of the 118 countries [...]

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November 4, 2011  Tags: , , , ,   Posted in: Credit Crunch, Finance, Uncategorized, Unemployment  No Comments

Compulsory retirement age at 65 fully abolished today

The default retirement age in the UK has been fully abolished today after being phased out from April this year.New legislation stops employers from compulsorily retiring workers once they reach the age of 65. However, research by law firm Norton Rose suggests one in 10 firms plans to offer financial incentives to encourage workers to [...]

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October 3, 2011  Tags: , , , ,   Posted in: Credit Crunch, Finance, Independent Finance, Uncategorized, Unemployment  No Comments

Childcare costs put parents in debt survey concludes

Nearly a quarter of UK parents questioned in a survey by the Daycare Trust and Save the Children say the cost of childcare has put them in debt.The survey of 4,359 parents found 58% had cut spending on other essentials like clothing, heating and other bills. Nearly two thirds said they could not afford not [...]

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September 21, 2011  Tags: , , , ,   Posted in: Credit Crunch, Debt Management, Finance, Loans Calculators, Uncategorized, Unemployment  No Comments

Number of workless households fall slightly official figures show

The number of households where no adult aged 16 to 64 is in work has fallen slightly in the past year.The Office for National Statistics (ONS) said there were 3.88 million such households between April and June this year. That was 18.8% of all households and represented a fall of 0.3%, or 38,000, in the [...]

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September 19, 2011  Tags: , , , ,   Posted in: Bankrupcy, Credit Crunch, Finance, Loans Calculators, Uncategorized, Unemployment  No Comments

Increase in unemployed graduates survey finds

Almost 28% of UK graduates who left university in 2007 were still not in full time work three and a half years later, figures have suggested.The figure, based on 49,065 graduate responses, includes about 21 % who were working part-time or studying and 3.5% who gave their response as “other”. However, the Higher Education Statistics [...]

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September 16, 2011  Tags: , , , ,   Posted in: Borrowing Costs, Business Finance, Credit Crunch, Financial Services, Lenders, Uncategorized  No Comments

Loans Calculators says Bank Run 2010- Let’s withdraw our money !

Loans Calculator suggests that Eric Cantona’s concept is simple- the banks have got us in this mess, let’s widthdraw our own money from these incompetent people as a way of showing them what we think. For a short time, the international press reported the call for a bankrun that we launched on Facebook to invite [...]

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December 7, 2010  Tags: , , , , , ,   Posted in: Credit Crunch, Loans Calculators, Uncategorized  3 Comments

Businesses debt could cause double dip recession

Britain’s economic recovery could be threatened by the knockon effect of businesses in financial distress being unable to pay their debts. The number of businesses with “significant” or “critical” financial problems reached 161,601 in the first three months of the year, according to Begbies Traynor, business advisors— up 14 per cent on the fourth quarter [...]

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April 27, 2010  Tags: , , , , , , ,   Posted in: Uncategorized  No Comments

UK inequality grows as new research finds money makes more immortality

More research has shown that there is a link between high affluence and living longer. The research confirms that people living in Kensington and Chelsea live the longest in the UK to 86.6– 6 years above the national average, while thier average weekly household income is the second highest in the country. Glasgow, on the [...]

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April 14, 2010  Tags: , ,   Posted in: Uncategorized  No Comments

Labour’s debt advice strategy a complete failure- MPs

The management of the labour government’s strategy for helping people in debt has been branded a “complete failure” by a committee of MPs. The Public Accounts Committee said 51 different projects since 2004 had been uncoordinated, with no one in charge. The committee’s report said 11% of adults were struggling with debts, with the population’s [...]

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April 9, 2010  Tags: , , , , , , , ,   Posted in: Uncategorized  2 Comments

UK economy showing signs for optimisum

UK economic activity may be increasing- paving the way for a better loans environment. Construction activity grew in March for the first time since 2008 with an increase in housebuilding. Despite job cuts across the industry continuing at a sharp rate, a growth in new orders fuelled an upturn in construction activity and fresh optimism [...]

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April 7, 2010  Tags: , , , , , ,   Posted in: Uncategorized  No Comments