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Articles Written by: SVENJA O DONNELL
THE United Kingdom's economy will shrink at almost twice the pace previously forecast this year as the credit famine plunges the nation deeper into the worst recession in almost 30 years, the UK's biggest business lobby group said yesterday.
Gross ...
From SVENJA O'DONNELL,
Shanghai Daily,
16 Feb 2009
UNITED Kingdom home repossessions almost doubled in the third quarter and manufacturers' confidence plummeted to the lowest since 1980.
Banks took possession of 13,161 properties, 92 percent more than a year earlier, the Financial Services Authority ...
From SVENJA O'DONNELL,
Shanghai Daily,
22 Jan 2009
HOUSE prices in Britain may fall about 10 percent next year as banks ration credit, the Royal Institution of Chartered Surveyors said yesterday.
Home values will probably drop as much as 30 percent from their highest point after tripling in the last ...
From SVENJA O'DONNELL,
Shanghai Daily,
26 Dec 2008
BRITISH factories cut prices for a fourth month in November as the cost of petroleum products fell the most in more than two decades and the recession defused inflation pressures from the economy.
Producer prices fell 0.7 percent, after declining 1 ...
From SVENJA O'DONNELL,
Shanghai Daily,
8 Dec 2008
UK mortgage approvals matched the lowest level since at least 1999 in October as the financial crisis intensified, prompting banks to hoard money and curb loans.
Lenders granted 32,000 loans for home purchases, down from 33,000 in September, the ...
From SVENJA O'DONNELL,
Shanghai Daily,
1 Dec 2008
UNITED Kingdom consumer confidence stayed close to the lowest level in more than three decades in November as gloom about the recession deterred spending, GfK NOP said yesterday.
An index of sentiment, based on a survey of 2,000 people between ...
From SVENJA O'DONNELL,
Shanghai Daily,
28 Nov 2008
UK home loan approvals fell by more than half from a year earlier in October, the British Bankers Association said yesterday, as a Treasury report forecast that net new mortgage lending may fall below zero next year.
Banks granted 21,584 loans for ...
From SVENJA O'DONNELL,
Shanghai Daily,
25 Nov 2008
BANK of England policy makers considered an even bigger reduction in the benchmark interest rate than the 1.5-percentage-point cut announced on November 6 as their forecasts pointed to a deepening recession.
The possible need for a cut to less than 2 ...
From SVENJA O'DONNELL,
Shanghai Daily,
19 Nov 2008
BRITISH home sales fell in September to the lowest level in at least three decades, led by London, as the financial crisis prompted price drops across the nation, the Royal Institution of Chartered Surveyors said.
Estate agents and surveyors sold an ...
From SVENJA O'DONNELL,
Shanghai Daily,
14 Oct 2008
BRITISH factory production contracted for a sixth month in August in the worst streak for almost three decades, bringing the UK economy closer to a recession.
Manufacturing output fell 0.4 percent from July, the Office for National Statistics said ...
From SVENJA O'DONNELL,
Shanghai Daily,
7 Oct 2008
