More depressing news on the job front, with JCB and Wedgwood confirming many job losses, and more redundancies likely at Wincanton and Land of Leather.
Category: Featured
Recession Watch: Nissan Redundancies, Zavvi Store Closures
More bad news on the job front today, as Nissan has announced it is getting rid of 1,200 jobs from its Sunderland factory, and Zavvi shuts 22 of its stores with immediate effect.
A Positive View Of Today’s Interest Rate Cut
A lot of media analysis of today’s interest rate cut to 1.5% has been negative, focusing on the fact that it won’t mean the banks will lend more to businesses and consumers or get more foreign investment in. But what positives can be take from today’s announcement?
Interest Rates Cut To 315-Year Low
As expected, the Bank of England has cut the UK interest rate to a 315-year low of 1.5%.
This is the first time that rates have gone below 2% since the BoE was founded back in 1694, and reflects the fears of slowing inflation and possibly even deflation.
Recession Watch: M&S, Barclays, Car Sales and Cattles
There are four interesting stories to do with the recession today, concerning Marks and Spencer, Barclays, UK Car Sales and sub-prime lender Cattles.
R.I.P. Woolworths
So, as of this evening, Woolworths is no more – all of its stores have finally shut.
Planning Your Financial Year Ahead
If you haven’t made any resolutions this New Year, here’s a couple of ideas to help you through the coming year, which if last year was anything to go by could, financially, be very tricky for many.
Recession Watch: Wedgwood In Administration, Adams Closes Stores
China maker Waterford Wedgwood has succumbed to its massive debts and has finally gone into administration today.
Remaining Woolies Stores Get 1 Day Reprieve
Those Woolworths stores that are still open are to get an extra day of trading following a decision by the Woolies administrators.
Natwest MoneySense: Your Feedback Wanted
Natwest / Royal Bank of Scotland have recently been plugging their new “impartial advice service”, MoneySense, which is currently available in over 1,000 of their branches.