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News Round-Up. (18.08.2008)
Posted: Sunday 17th Aug 2008
Starting at the BBC, a recession seems likely for the UK in the next year, as even China’s main share index is looking a bit wobbly.
The Telegraph follows with sterling rising against the dollar, while ailing retailer Woolworths tells a prospective buyer that the answer is ‘no‘.
Next, The Guardian notes that London’s house prices have fallen by 5.3% in the last month, as Sky loses pub subscribers owing to higher subscription fees. (And presumably a drought of pub customers.)
Over at The Times, the (official) unemployment rate is predicted to be 2 million by 2011, while homebuyers face even more hurdles as valuers slash the prices of properties.
Meanwhile, The Independent reports that inflation could reach 7% for UK households as British business slips ever deeper into the doldrums.
And finally, The Registry says that government road pricing is one step nearer while yet another government ministry admits to even more mishandled data…