Which sector is next in the great UK collapse?
Over the last few months we have seen a significant fall in the banking sector, increased pressure on car manufacturers as well as blood on the UK high street. These sectors are struggling to make ends meet and aside from the banking sector, there has been little in the way of direct government assistance for even some of the largest UK businesses. But which sectors could be next to succumb to the pressure?
The UK holiday market is one area which analysts are keeping a very close eye upon as the recent fall in the UK exchange rate has made overseas holiday destinations less competitive and less attractive to UK travellers. There is speculation that we could see yet more companies hit financial trouble over the next 12 months as competition increases and only those with deep pockets are able to see it all the way through.
January and the early part of 2009 are vital times for the UK holiday sector where bargains galore are used to tempt in travellers for later in the year. It will be interesting to see how the figures for January and early 2009 compare to last year and how the market reacts to a sector which is prone to rumour and counter rumour.
Share this..
Related stories
Stockbrokers accuse UK banks of bullying
It has been revealed that three of the U.K.'s leading stockbrokers have today written to Lord Myners, the UK government's City minister, claiming that Lloyds bank and Royal Bank of Scotland are placing undue pressure on their customers to use their own corporate banking services when looking to raise funds. At a time when many companies are finding it very difficult to survive, the added pressure...
Read MoreSo what appears to have turned the UK economy?
The last few weeks have seen some surprising reports suggesting that the UK recession may be nearing an end, but what actually prompted these reports and what has changed?
There has been a mixture of more positive reports from the property sector, business arena, the CBI, the Bank of England and mortgage providers to name but a few. While not overly optimistic, the general trend in...
More problems in the airline industry
Shares in Japan Airlines fell 11% overnight amid concerns that the company is on the verge of filing for bankruptcy with a £10 billion debt pile. Despite the fact that the company has offers from American Airlines and Delta to take a stake in the company, the Japanese finance minister has confirmed that no more state funding will be made available for the airline. This is just the latest in a len...
Read MoreIs The Oil Price Set To Move Higher?
A the oil price moves menacingly back towards highs reached early last week, there are concerns that the uneasy standoff between Iran and Israel is set to cause more friction and concern in world oil markets. The price of Brent crude is now hovering just under $142 a barrel, having broken the $142 level last week before a small bout of selling kicked in. But can the price of oil really move high...
Read MoreWhen will the remortgage market recover?
While this week we saw a slight increase in net mortgage funding in the UK the remortgage market is still very much dead on its feet. As more and more UK homeowners continue to worry about negative equity and indeed keeping up with their mortgage payments, the once common option of remortgaging and either reducing interest terms or extending the life of their mortgage has disappeared for many.