Economy shrinks 2.4%- Q1 2009-fastest in 50 years
The ONS confirmed this was the worst result for many years and was worse than forecast.
Disposable income/ manufacturing/construction/service sectors all had bad results.
There are some commentators suggesting we are just getting back to zero growth ( a huge achievement if true) but no one expects a quick fix. Back on my old hobby horse- the [...]
Lloyds job losses
Lloyds officially announced a further 2100 job losses last night; staff had been called to meetings and many will have to reapply for thie existing jobs.
Strangely the bank is closing some commercial centres-mostly in the West Country and Lincoln. What does this say about their expoesure or commitment to the commercial market – or perhaps [...]
