Interest rates are set to rise next month!

The news on the UK economy just keeps getting worse. Last week’s news was unremittingly glum – from falling house prices to income squeezes, most of us are quite a bit worse off than we were a year ago.

Today’s headlines look pretty horrible. House prices have suffered their biggest annual fall since the early 1990s, says the Nationwide.

With the London Stock Exchange closed and the Office for National Statistics shut, yesterday’s rainy Bank holiday Monday provided the perfect chance for us to look back at three stories that astounded us last week – but which somehow escaped without comment at the time.

Sometimes when you’re scouring the news, you see a statistic that renders you almost speechless. You can’t quite get your head around what it really means, you just know that it’s a knockout number.

Sometimes when you’re scouring the news, you see a statistic that renders you almost speechless. You can’t quite get your head around what it really means, you just know that it’s a knockout number.

Life’s about to get much tougher…for all of us…It’s that R-word again. Loose talk of a ‘recession’ has been bandied about for some time, particularly amongst those of us who keep a keen eye on what’s happening in both the money markets and the high street.