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Economic downturn headlines


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by Catherine Woods - Thursday, 2nd October 2008

This is the page

Here’s a summary:

Britain is edging closer to a recession, prompting calls for an interest rate cut.

House prices are plummeting.

Manufacturing is in decline.

M&S sales have dropped

Banks are getting stingy on credit.

(Regarding the last headline, though, I remember the papers predicting this about two months ago. And shortly afterwards, HSBC increased my credit card limit, without asking, by £1,500. Go figure.)

But for a credit crunch-related story that’s not going to drive you to drink, check out the BBC’s Magazine Monitor. My new-found love for chocolate has been explained…

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Tags: economic downturn, credit crunch, housing prices, interest rates, recession,

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