Posted on Monday, July 21st, 2008 at 3:00pm
These massive slumps in house prices have been speculated for those trying to sell their homes in the middle of Englnad - and this is by the end of the year.
According to figures from Axa, property in middle England may drop by 18.3% before Christmas as a result of the current economic downturn. Across all areas, the firm predict an average price fall of 12.9% by 2009, with negative equity a distinct possibility for some homeowners.
9% of homeowners are expected to miss mortgage payments over the next year.
Posted on Monday, July 14th, 2008 at 3:39pm
The US brewer who make Budweiser have agreed to be taken over by the Belgian based brewer, who make Stella Artois.
The £26bn takeover bid by InBev was accepted and the firm will now be called Anheuser-Busch InBev.
The combined business will have annual sales of approximately $36.4bn, equivalent to 46 billion litres of beer a year.
Posted on Monday, July 07th, 2008 at 10:16am
In an effort to help combat living costs, PM Gordon Brown believes Brits should stop wasting food. He said that unnecessary purchases were contributing to price rises, and by planning meals in advance and storing food correctly, Brits could tackle the current food crisis.
A government study found that the UK wastes 4m tonnes of food each year, equating to an extra £420 on a family's shopping bill. The Cabinet Office report claims that up to 40% of food harvested in developing countries is being lost before consumption, due to processing inadequacies, storage and transport.
The study also says that an average UK household throws away £8 of leftovers a week, yet spends 9% of its income on food. There is no significant gap between the poorest tenth of the population who spend 15% and the wealthiest, who pay out 7%. Those on lower incomes spend proportionally more on staples, such as bread, milk and eggs - foods that have seen the biggest price rises.
The report will be published later this week.
