Today the UK government launched their last attempt to unfreeze the credit markets with a three pronged bank loan scheme: Working Capital Scheme – cost £10bn – provides a 50% guarantee on £20 billion of short term loans to businesses with a turnover of less than £500m with banks having to register a portfolio of [...]
The British Retail Consortium’s recent survey revealed Christmas 2008 as the worst Christmas ever with a fall of 3.3% in like for like sales and 1.4% in total sales compared to 2007. See the full report. However, there were a few notes of encouragement in some sectors: internet sales were 30% up on last year [...]
Investors saw a third wiped off the value of their shares in 2008 in the USA, Europe and the UK and two thirds in China UK FTSE 100 – down 31% USA Dow Jones - down 34% France CAC 40 – down 43% Germany DAX – down 40% Japan Nikkei – down 42% China Shanghai SSE 180 [...]
