Link to article
Last Modified: 12 Nov 2008
By: Faisal Islam
With unemployment at an 11-year high and the prospect of economic growth shrinking by as much as 2 per cent, the severity of Britain's recession is made starkly clear.
A gloomy forecast from the Bank of England shows that Britain is probably already in recession and is destined to contract further in 2009.
Interest rates, already at their lowest rate since the 1950s, are set to fall to record lows as inflation possibly goes into negative territory.
Meanwhile, in the US the credit crunch has pushed the American car industry into crisis.
Thursday, 13 November 2008
Saturday, 25 October 2008
Britain slips towards recession
Link to article at Channel 4 News
Last Modified: 24 Oct 2008
By: James Blake, Faisal Islam
After 16 years of growth, the British economy has shrunk and could slip into recession in the new year.
A recession only becomes official if the economy has two successive quarters of negative growth.
But gross domestic product fell by 0.5 per cent between July and September so the economy will be in recession if that trend is repeated between October and December.
Last Modified: 24 Oct 2008
By: James Blake, Faisal Islam
After 16 years of growth, the British economy has shrunk and could slip into recession in the new year.
A recession only becomes official if the economy has two successive quarters of negative growth.
But gross domestic product fell by 0.5 per cent between July and September so the economy will be in recession if that trend is repeated between October and December.
Thursday, 2 October 2008
The Bak Bailout: How Would it Affect Us..?
Link to the article: Channel 4 News
Within a week in October 2008 the US and UK governments were forced to bailout their banks in order to save the economic system as the credit crunch began to bite.
Within a week in October 2008 the US and UK governments were forced to bailout their banks in order to save the economic system as the credit crunch began to bite.
Monday, 23 April 2007
Cadbury faces salmonella action
Link to the article: Channel 4 News (video report)
Chocolate giant Cadbury is to be prosecuted over the salmonella contamination found in its chocolate last year.
It is accused of putting unsafe food on the market and failing to tell the authorities as soon as it found out about it.
Cadbury says the contamination has already cost it £30 million.
Last June Britain's favourite sweet manufacturer was forced to take one million of its chocolate bars off the shelves after minute traces of salmonella were found.
At the time Cadbury said there was never a risk to public health and it was confident its products were safe.
Additional reports:
Cadbury recall after health fears
BBC Local News: Cadbury counts cost of contamination
BBC News: Cadbury's £1m salmonella fine
Search results BBC News
Chocolate giant Cadbury is to be prosecuted over the salmonella contamination found in its chocolate last year.
It is accused of putting unsafe food on the market and failing to tell the authorities as soon as it found out about it.
Cadbury says the contamination has already cost it £30 million.
Last June Britain's favourite sweet manufacturer was forced to take one million of its chocolate bars off the shelves after minute traces of salmonella were found.
At the time Cadbury said there was never a risk to public health and it was confident its products were safe.
Additional reports:
Cadbury recall after health fears
BBC Local News: Cadbury counts cost of contamination
BBC News: Cadbury's £1m salmonella fine
Search results BBC News
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