Another day another view on the UK economy
Despite the fact that Neil Woodford, one of the U.K.'s more prominent fund managers, last week suggested that the UK could lose its AAA credit rating, many city analysts have come out with an opposite view. While there is no doubt that Neil Woodford has a history which makes him more than qualified to comment on the UK economy, there is some debate as to whether his assumptions are correct and indeed no more than just a hunch.
There is no doubt that the UK economy is under pressure, the UK budget deficit is out of control and UK national debt is at record levels, but the UK economy is enormous and is potentially on the verge of a turnaround. However, whether we see a reduction in the UK credit rating in the short term is another matter as there is no doubt that investors, both in stock markets and the money markets, are becoming more and more concerned about the lack of clarity and detail about how the government intends to tackle the budget deficit.
With people such as Neil Woodford suggesting a possible downgrading of the UK national credit rating there is a danger that we could talk ourselves into a far worse situation, at least in the short term.
Share this..
Related stories
City analysts forecast 3 million unemployed by 2010
City analysts are forecasting the rate of UK unemployment to increase to around 3,000,000 by 2010 as the effects of the UK economic downturn continue to impact upon business levels. We have seen around about 5000 jobs lost today and this is starting to become something of a common feature in the business headlines.
There are a number of issues regarding a rise in unemployment, none...
Couple plan cut-price 'credit crunch wedding'
A credit crunch-hit Devon couple have not let the financial crisis derail their wedding plans.Instead, Christopher May and Odette Fenwick will go ahead with the ceremony next weekend on a budget of just £500, the Daily Mail reports.The tight-fisted twosome are spending just £40 on the buffet, while 19-year-old Odette's wedding dress is setting her back just £52.A bargain bucket £43.50 civil ce...
Read MoreVoucher codes and promotions
If the Internet has done one thing for consumers in the UK and around the world it has brought consumers and businesses much closer together. The opportunity for businesses to literally "enter your front room" has been grasped with both hands but are UK consumers making the most of the online goldmine which lies before them?
We have seen a massive increase in voucher code and promot...
Alistair Darling talks about public sector cuts
Alistair Darling, the Chancellor of the Exchequer, has become involved in what must be one of the most startling U-turns in recent political history. Despite only a few weeks ago Gordon Brown suggesting that public sector investment cuts were not on the cards, despite a growing budget deficit and national debt, the situation has turned full circle now and large scale public sector cuts are certain...
Read MoreUK consumers can't do without their holidays
Despite the fact that the UK economy is still struggling and many consumers have found it difficult to fund their Christmas spending, it appears that holidays are top of the list when it comes to the spending habits of UK consumers. A survey by Thomas Cook, the holiday giant, confirmed that an annual holiday is top of the list of the vast majority of the UK population. So how will the holiday sect...
Read More