Property Rescue Blog

Drugs company AstraZeneca has just announced plans to cut another 7,300 jobs over the next two years.  The cuts come on top of 21,600 jobs axed since 2007. 

 

 

Concerns of a wider recession in the UK economy increased as the Office of National Statistics announced a sharp fall in UK industrial output in November 2011.

UK economic activity shrank by 0.2% in the last three months of last year according to official figures.

People are showing real reluctance to take on new debts due to unemployment rising and the current economic climate.

Families who are already under pressure due to the current tough economic climate face even more difficulties meeting their household financial commitments as water bills in England and Wales are set to rise by 5.7% in April 2012.

The Land Registry confirmed that house prices in England and Wales fell 1.3% last year to an average of £160,000, with little chance of change in 2012.

Latest figures show that the Eurozone crisis has created uncertainty in the UK mortgage market as UK gross mortgage lending fell in December, down 12% on November.

Just days after official figures showed the UK’s unemployment rate had risen to its highest level for 16 years, an increasing number of people in the UK are planning to cut back on their spending this year.

With households on tighter budgets each month, the Government is trying to force down Inflation to keep on their 2% target for the end of 2012.

Official figures show that the UK unemployment rate has reached just shy of 2.7 million.