The Spanish bank, Santander has had its credit rating downgraded today by the ratings agency Standard and Poors. The bank was one of eleven to be downgraded; just a week after Spain itself had its credit rating lowered to BBB+. The lowering of Spain’s credit rating was in response to the country’s financial turmoil. This […]
Category: News
UK slumps into Double Dip Recession
The UK has slumped into a double dip recession for the first time since 1975 after the GDP fell by 0.2 per cent for the first quarter of 2012. Economists predicted that the GDP would grow by 0.1 per cent which didn’t match the figures released by the ONS. The UK’s GDP has to shrink […]
Will UK Escape A Double Dip Recession?
The Chancellor George Osborne will know whether the UK has headed into a double dip recession when he enters the cabinet meeting this morning. The rest of the world will have to wait until 9:30 am on Wednesday to find out. First quarter figures will be announced on Wednesday by the Office for National Statistics […]
Holidaymakers Told To Buy Euros Now As Pound Soars
British holidaymakers who are planning on taking a holiday in Europe have been advised to buy their euros now. The pound against the euro has hit a 20 month high price which could benefit Brits heading to Europe on their holidays. The exchange rate for sterling to euro transfers has risen 2.7% since the start […]
Adele Tops Richest Young British Musicians
Despite needing throat surgery the singer Adele has topped the Sunday Times Rich List for young British musicians having seen her wealth increase by £14 million to a whopping £20 million in just 12 months. The 23 year old artist who was born in London has had amazing success with her second album “21” which […]