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Taxpayers promised repayment

Despite continuous warnings of not breaking up for three years the newly nationalized bank, Northern Rock promised that it would repay the ?24bn state loan till the end of 2010. The bank has also added that after the pre tax loss of about ?167.6m in 2007, it would again be making huge losses in the […]

Popularity: 90%

Taxpayers promised repayment

Despite continuous warnings of not breaking up for three years the newly nationalized bank, Northern Rock promised that it would repay the ?24bn state loan till the end of 2010. The bank has also added that after the pre tax loss of about ?167.6m in 2007, it would again be making huge losses in the […]

Popularity: 91%

Credit crunch follows job loss fear

Economic slowdown, persisting problems in the banking sector, reducing bonuses and the falling profits rates of the business concerns have posed severe concerns regarding the future of the UK financial sector. The experts have been estimated huge cuts in jobs following the volatile nature of the market. According to CEBR, centre for economic business research, […]

Popularity: 100%

Kids Squandering Parent’s Savings

As per recent surveys it was found that more than half of the adult youngsters are living off their parent’s savings. About 55 per cent of parents had polled that they had shelled out approximately £12,610 to their children or grand children. This was obtained from a survey done by the Scottish widows.
It was found […]

Popularity: 99%