marketcrash
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UK
01/26/2024
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By Ethan Huff
Insolvency experts warn: More than 47,000 U.K. businesses on “brink of collapse” as global economy crumbles
The number of businesses in the United Kingdom facing “critical” financial distress in the final three months of 2023 skyrocketed by 25 percent, according to a new report. And 47,000 of them are now on the brink of going under entirely as conditions worsen. Despite continued government claims that economic conditions are just dandy, the […]
12/15/2023
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By Cassie B.
500-year dominance of the West is coming to an end, Russian FM warns
The foreign minister of Russia recently expressed a sentiment that has been weighing on the minds of many in Western nations in recent years: the West’s 500-year dominance on the world stage is drawing to an abrupt close. Speaking to the Doha Forum in a video address, Sergey Lavrov explained that he was unable to […]
11/22/2023
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By Belle Carter
Study: About 2M low-income British households resort to unplugging refrigerators due to soaring electricity bills
According to a study conducted by the Joseph Rowntree Foundation (JRF), about two million poor households in the United Kingdom are resorting to desperate measures such as turning off refrigerators or freezers, just to be able to cope with ever-soaring bills. The independent social change organization “working to solve U.K. poverty” said that in October, a quarter, […]
10/19/2023
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By Zoey Sky
Banker says Russian electricity is 10X cheaper than that of the U.K., at least 4X cheaper than the EU’s
A leading banker from PJSC Sberbank (formerly Sberbank of Russia) said electricity costs for Russian consumers are about 10 times lower than in the U.K. and at least four times less than in the European Union (EU). The banker was referring to prices for households and businesses. Anatoly Popov, deputy chairman of the board of Russia’s largest lender, disclosed this […]
09/11/2023
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By Belle Carter
City of Birmingham declares bankruptcy, shuts down nonessential spending after being hit with $950 million equal pay claims
The local government body of Birmingham, the U.K.’s second-largest city, effectively declared bankruptcy on Sept. 5 because it no longer has enough money to pay the £760 million ($954 million) equal pay claims it owes to female government employees who were paid less than men in the past. Birmingham City Council, which provides services for […]
04/18/2023
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By Belle Carter
Gen Y and Z Brits resorting to “buy now, pay later” schemes to manage finances
Britons part of Generations Y and Z are four times more likely to rely on buy now, pay later (BNPL) schemes to keep up with the country’s cost-of-living crisis, according to a study by credit broker Credit Karma. The research done found that Generation Y and Z use BNPL schemes more frequently than older generations. […]
03/15/2023
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By JD Heyes
Fallout from SVB collapse spreads around the world as global economic system teeters
The financial fallout from the collapse of Silicon Valley Bank late last week is now reverberating around the world, putting the global economy at risk of collapse. Startup founders in California’s Bay Area are growing increasingly anxious about their ability to secure funding and pay employees. The contagion fears have spread to countries such as Canada, […]
03/13/2023
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By News Editors
The real inflation figure in the UK is now over 35%
A lot of rubbish is being talked about inflation figures. The aim, of course, is to reduce the demands of workers who want pay rises. (Article by Dr. Vernon Coleman republished from VernonColeman.org) Currently the official figure provided by the UK’s state statisticians is that inflation is down to 5.3%. And Sunak (the UK’s Prime Minister) claims […]
02/03/2023
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By Cassie B.
DUMPSTER DINNERS: Brits now seeking out EXPIRED food to consume as they cope with meteoric rise in food prices
The cost of food continues to rise in the UK, and the country’s food retailers have warned that price inflation will continue into the foreseeable future. The latest figures show grocery prices are now increasing at their fastest rate on record. Figures provided by retail analyst Kantar found that grocery price inflation in the country […]
11/11/2022
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By Ethan Huff
Discretionary income evaporates as UK food inflation hits record high ahead of dark winter
It is becoming harder and harder for ordinary people to eat in the United Kingdom, thanks to the worst cost-of-living crisis to strike the country in a generation. Inflation is so out of control in the UK that many Brits are diving headlong into debt just to keep food on the table and heat in […]
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