Property Rescue Blog

The High Court blocked a planned 12-day strike by British Airways cabin crew over the Christmas holiday and has deemed the action unlawful; however, the Unite union has made it clear that this will not be the end of their actions in response to changes being made at BA.

Official figures show that inflation in the UK rose higher than expected in November, due in large part to higher petrol prices.

In yet another blow to UK workers, the government has chosen to allocate funds to purchase 22 new Chinook helicopters. The government expects to receive the first half of the order in 2013, which will possibly be used in Afghanistan. To help pay for this planned acquisition, Bob Ainsworth is expected to announce the phasing out of numerous defense jobs and the closure of at least one military base, most likely RAF Cottesmore in Rutland. This will lead to the loss of thousands of jobs, increasing the UK unemployment rate even further.

Newspapers around the world were experiencing declining readerships long before the global recession hit and began to take a significant toll on the newspaper publishing industry.

The Financial Services Authority (FSA) has published new plans that bring mortgages under closer scrutiny. This has come about in response to the £1.23 trillion residential mortgage market and dizzying effect the financial crisis has had on the UK economy.

Just one day after learning that the Borders UK book chain went into administration, which could result in the loss of 1,150 jobs, we learned that the UK’s largest independent off-license retailer, First Quench (Threshers Group), has also gone into administration.

Borders, a major bookseller in the UK, announced they will be closing up shop and attempting to sell their group of 45 stores.

Folks who may have already been looking into ways to sell house fast due to falling into arrears or threat of repossession may be even more determined to sell home fast after hearing Chancellor Alistair Darling’s December 9th Pre-Budget Report.

News that National Insurance will increase in 2011 by 0.5% for both firms and employees is predicted to increase job losses, further bad news for those needing a quick house sale.