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News Round-Up. (05.06.2008)
Posted: Wednesday 4th Jun 2008
Starting at the BBC, house prices have plummeted in May and the Bank of England has held off changing interest rates.
Next, The Telegraph reports that the UK is facing its worst slump since the early 90s, as the FSA is investigating reported insider trading in Bradley and Bingley shares.
Over at The Guardian, house-building is at a near standstill, thanks to the present economic climate, while foreclosures in the US have hit record highs.
Meanwhile, The Times says TSB is moving in on Northern Rock customers, while Network Rail’s contact is facing the chop if it doesn’t improve soon.
And at The Independent, online retail is booming despite the parlous state of the rest of the economy, while the OECD is predicting even more gloom for the British economy.
And finally, StartUps.co.uk has news that UK firms are due a nasty shock over pension reforms, while online firms continue to flourish.