Recession Cafe

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• Fri 16th Jul - Reported by the Office of National Statistics on 14th July - apparently Britain has sunk into a pit of debt that is five times deeper than previously feared, equivalent to owing £200,000 per household. Instead of the £1 trillion reading normally presented as the nation's debt, the UK is in the red by closer to £5 trillion, figures from the ONS reveal
• Mon 10th May - So the uk population votes and agrees ... no party capable of fixing the UK's broken economy.
• Sat 24th Apr - Greece goes bust, Spain to follow? Or shock horror .... the worlds best kept secret is the UK next to go?
• Fri 23rd Apr - forthcoming UK election, heading for a hung parliament, possible confirmation that no party can really solve the problems caused by an economy based on house prices and 10 years of over zealous legislation?
• Sun 28th Mar - UK budget means cuts in spending by up to 14% but inflation likely to storm ahead, Britains will suffer with frozen salaries and increased tax payments resulting in less money in their pocket
• Fri 26th Feb - watch out for inflation! American Wholesale Bank Rate rises to counter inflation fears, coming to you soon