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News Round-Up. (28.10.2008)
Posted: Tuesday 28th Oct 2008
Starting with The Guardian, the numbers of reposessions are on the rise as BP coins it in via record oil prices.Next, The Telegraph reports that the cost of bailing out banks worldwide has come to over £4 Trillion, while the price of petrol may be about to fall under 90p.
Meanwhile, The Independent has news that car production is being cut at one of Honda’s UK plants while Abbey gets the bulk of new business from customers fleeing other banks.
Over at The Times, there’s been a minor rally of stocks in New York as the British high street digs in for a seriously miserable Xmas.
The BBC claims Iceland has raised its interest rate to 18%, and that the value of British private pensions has been decimated.
And finally, Startups.co.uk says credit card fees are doing in small firms as the demand for business mentors rockets.