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Latest Moneywala Financial News
Recession on the way for UK Companies
The UK is facing a serious risk of recession within months, the findings of a survey of almost 5,000 small, medium and large businesses suggest.
The British Chambers of Commerce’s (BCC) quarterly report found the credit crunch and rising costs had dented the most important sectors of the economy.
House prices keep dropping.
House prices fell for an eighth straight month in June to stand more than 7 percent below the peak hit last year, a survey showed on Tuesday which is likely to fan fears the market is on the verge of a crash.
The Nationwide building society said prices fell 0.9 percent last month after a 2.5 percent drop in May which had been the sharpest fall since the series began in 1991.