Category Archives: Credit Crunch

Credit Crunch Continues To Plague Economy

House prices fall by 1.7 per cent in July according to Halifax. This year’s overall drop means house prices have now fallen around 11 per cent, which is a sharper decline than the last housing crash in the UK. Repossessions are up by 48 per cent which is the highest figure in 10 years.
Injections of [...]

Petrol Costs Reduced to Help With Credit Crunch

Three major UK supermarkets have announced cuts to petrol prices in an effort to help consumers struggling with soaring fuel costs, rising inflation and the credit crunch.