The credit crunch is likely to last at least eighteen months well into 2010, the head of the UK’s largest mortgage provider has warned. HBOS chief Andy Hornby told the BBC it would take 18 months before US house prices … Read More

According to the officlal statistics, CPI inflation was 4.4% in July but  food and non alcoholic beverages were up by 12.8% compared to prior year. The British Retail Consortium said food inflation hit 10% in August. Now a new survey … Read More

The economics headlines just get grimmer and more. CBI retail sales worse for twenty-five years, economic challenges worst for sixty years, house price falls could be 30% and now car sales in August lowest since 1966. Car sales fell to … Read More