Economic downturn headlines

Thursday, 2nd October 2008 by Catherine Woods

There’s more doom and gloom in the news today about the economic downturn.

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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