UK workers suffer sharpest wage fall of any developed country

UK workers suffer sharpest wage fall of any developed country as business leaders warn the pain is far from over

Real wages dropped by 4.5 per cent between 2007 and 2011, leaving workers with smaller incomes at a time of rising costs for basic necessities such as food, fuel, gas and electricity, not to mention housing costs.

http://is.gd/4JdeKy



British banks may have £30bn hidden losses

British banks may be harbouring a black hole of as much as £50bn in undeclared losses that do not show up in their accounts but hamper their efforts to lend, a shareholder group has warned.

http://is.gd/ddN5WV



UK: Triple dip recession fears

George Osborne was today warned Britain could be heading for an unprecedented triple dip recession after new figures revealed a steep decline in manufacturing.

http://is.gd/kAB64o


From Information Clearing House



http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=recession
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=workers
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=housing
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