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UK economy to shrink 1.5 pct, says think tank

posted by andes 1279 days ago in GBP, Fundamental made popular 1279 days ago

Britain's economy will shrink by 1.5 percent next year and unemployment could reach 2.5 million in 2010, up from the current 1.8 million, a leading London think tank predicted Monday.

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Brown to borrow big to kickstart UK economy

posted by andes 1279 days ago in GBP, Fundamental made popular 1279 days ago

Prime Minister Gordon Brown will try to kickstart the stalling British economy on Monday by spending billions of borrowed pounds on tax cuts in a bid to stop a recession turning into a slump.

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U.K. Construction Companies May Cut 300,000 Jobs Without Aid

posted by andes 1280 days ago in GBP, Fundamental, Employment made popular 1279 days ago

U.K. construction companies may cut more than 300,000 jobs unless the government brings forward planned infrastructure projects to boost the flagging economy, according to the Royal Institution of Chartered Surveyors.

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Pound Sterling opens slightly higher this week

posted by andes 1280 days ago in USD, GBP, Fundamental made popular 1280 days ago

Pound Sterling opens slightly higher this week against its US counterpart at 1.4917 after trading between 1.4705 and 1.5063 on Friday night.

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Investor fear remains deep despite 1-day rally

posted by andes 1280 days ago in GBP, Fundamental

Since the Nov. 4 election, investors have been abandoning stocks in a kind of slow-motion crash that experts say underlines just how anxious they are about what is likely to be a long and deep recession.

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Scotland facing worst recession since the Eighties

posted by andes 1280 days ago in GBP, Fundamental, Inflation made popular 1280 days ago

Scotland is facing its worst recession since the early 1980s, an economic report said today.

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Natwest and RBS lay down price promise

posted by andes 1280 days ago in GBP made popular 1279 days ago

NatWest and RBS has today given the business market place a much-needed shot in the arm with a commitment not to increase overdraft pricing for small businesses, with effect from 1 December 2008.

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Scots firms adapt to beat the recession

posted by andes 1281 days ago in GBP, Fundamental, Special made popular 1281 days ago

Over the next few weeks, visitors to the estate agent Clyde Property will notice a subtle but significant change.

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Crunch leads to UK jobs exodus

posted by andes 1281 days ago in GBP, Employment made popular 1281 days ago

Four months ago, as Britain endured the wettest August on record and the credit crunch began to bite, Joe Dische boarded a plane to Australia. Within weeks the hour-long commutes on packed Tube trains, the rain and the threat of job cuts were dis

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Leeds economy could be in for rough ride

posted by andes 1281 days ago in GBP, Fundamental made popular 1281 days ago

THE Leeds economy could be in for a damaging time over the next few years as the UK heads into recession, the city's council leader has warned.

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200 jobs in balance as gloom deepens

posted by andes 1281 days ago in GBP, Employment made popular 1281 days ago

UP to 95 jobs are to be axed at a Northern Ireland aircraft seat manufacturer as experts warned the UK jobless total could hit two million by Christmas.

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Business confidence in Wales falls to record low

posted by andes 1282 days ago in GBP made popular 1282 days ago

BUSINESS confidence in Wales has fallen to a record new low, according to a survey of chartered accountants.

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