Archive for: January, 2011

Mortgage Lending Hits Millennial Low

Mortgage lending in the United Kingdom is at its lowest rate since the turn of the century, according to a new report.  Statistics revealed by the Council of Mortgage Lenders show mortgage lending totaled just over 136 billion UK pounds in 2010.  Not only is this figure significantly lower than that seen in 2009, [...]

Murray loses to Djokovic in Australian Open

Looking to make tennis history today as the first Grand Slam singles champion ever for Scotland Andy Murray’s dreams came to a shattering end as he was pretty comprehensively defeated by Serbian Novak Djokovic in the Australian Open.
The final match was staged in a suffocating red hot Melbourne arena where Murray [...]

Protest marches held over cuts and tuition fees

Peoples anger over the governments spending cuts and higher tuition fees was still very much in evidence today as protest marches were held in Manchester and London.
In Manchester trade unions and students came together to organise a combined rally that was attended by thousands of people with many union members and [...]

Recovery plan will be ‘tough’ says Cameron

Speaking at the annual World Economic Forum being held in Davos, a ski resort in Switzerland, Prime Minister David Cameron said the cuts made to reduce the UK’s deficit would be “tough” however if the people of the UK stuck to that chosen course then there would be a “bounce back” in the economy.
Mr [...]

Which? magazine reports on England and Wales speed cameras

A study carried out by the consumer watchdog magazine Which? has revealed that at any given time in England and Wales less than half of the fixed speed cameras located on the highways are actually operating.
Taking in consideration all of the 43 England and Wales police authorities the magazine said that in general they [...]

Worse than expected payouts for Equitable Life policyholders

Policyholders of Equitable Life received bad news today as the government announced that as many as 100,000 people will not be receiving any compensation at all whilst the remaining majority of 945,000 will only be eligible to be paid less than 25% of the money that they have lost by investing [...]

Language services to be cut by BBC

Following on from Monday’s announcement by the BBC when it stated that as part of it’s budget reduction plan to save £34 million it was about to  axe 200 websites and as many as 360 posts it has now said that it will be closing five of the language services it presently provides by [...]

BBC websites to shut down following budget cuts

Following the terms and agreements that were made for the licence fee settlement the BBC have said that they will be closing down about 200 websites they currently run in order to make a reduction in the money it presently spends on it’s online presence.
The licence fee settlement made by the [...]

Investment of $1.5 billion raised by Facebook

The onward financial advancement of the popular social networking website Facebook continues to flourish at a pace as announcements have been made confirming that it has now been able to raise a significant investment from investors of $1.5 billion (£900 million) putting a $50 billion valuation on the internet company.
The valuation means that it [...]

Job losses in West Midlands health trust

An announcement has been made by Mark Newbold the Chief Executive of The Heart of England NHS Trust confirming that as many as 1,600 jobs will be cut over the next four years however he made assurances that the positions lost would not affect medical workers and front-line nursing jobs as these were to [...]

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