Retirees Strapped with Mortgage Payments
In a new twist for the UK, over 25% of those who are looking to purchase their first homes are in their 40s. This is creating a situation where buyers are either being forced to pay off their mortgages with […]
Unemployment Reaching All Time High
If you’re unemployed these days in the UK, you’re not alone. Unemployment levels are, this week, hitting their highest level in 17 years. And experts are warning that those figures are going to increase even more in the next year […]
Pension Programs Plummeting
Pension programs are on the rocks in the UK, with experts warning that the current figures might prompt employers to close pension programs or to make them less beneficial for their workers. The deficit in the private sector pension funds […]
Sir John Major Adds to Pressure on Cameron
Prime Minister David Cameron is definitely feeling the pressure these days. Sir John Major has now weighed in, along with others, to put pressure on Cameron to use the eurozone crisis to demand that the UK take back power from […]
UK Victory Over EU Legislation
The UK just won a major victory against the EU, as they defeated the plan to regular OTC (over-the-counter) derivatives that would have offered the EU financial supervisors the right to supervise who can trade in London. The EU has […]
Positive Outlook for Economy
A new survey offers some optimism for British consumerism. For the first time since May, shoppers appear to be taking a more positive outlook on the economy. The GfK NOP consumer confidence index rose to -30 in September, in contrast […]
IMF Warns UK about Future Predictions
The International Monetary Fund offered a blow to the UK on Tuesday as it cut the growth forecasts for the UK economy. The UK predicted that it would expand by 1.5% this year, but they are expanding, instead, by just […]
Disassociate from the EU, Say Some in the UK
In an unprecedented move, British government MPs are trying to influence David Cameron to set out a clear plan for moving away from the EU. A cross-party coalition is putting pressure on the government to do so, and quickly, as […]