By David Henderson Santa will be behaving more like Scrooge this Christmas as the credit crunch curbs spending on toys. The festive bestsellers chart is dominated by presents costing under fifty pounds. Parents are putting value at the top of their Christmas lists. Britain’s toy shops are preparing for reduced consumer spending and children are being warned not to [...]
by Scott Norton Michael Moore’s new documentary, ‘Capitalism: A love Story’ , attempts to broach the subject of corporate greed in American society and begins by illustrating the fact that one percent of the population in America control ninety-six percent of the wealth. Moore’s latest movie is thought provoking as well as extremely moving in the way that [...]
By J.C Dick The Centre for Retail Research today released figures for the first half of 2009 that show a hike of 20% in the value of stolen retail goods. The total value of shoplifted goods in the UK hit £4.88bn, making Britain the biggest victims of shoplifters in Europe, and third biggest globally bettered [...]
By Grainne Byrne You wouldn’t think we were in the throes of a recession what with the peppering of snazzy new bars and restaurants that continue to pop up across the city. Mark Fraser and Mike Spink of award-winning bar and restaurants, Sygn and Monteith’s have just opened Edinburgh’s newest bar in the city’s West End; [...]
By Lauren Witherspoon Rent levels in Edinburgh may have bottomed out providing confidence to landlords that Scotland’s recently volatile rental market is now on a path to stability, according to latest research by Scotland’s leading letting portal Citylets. The latest Citylets quarterly report, which covers the period July to September 2009, shows that whilst some [...]
By Gordon Smith Revellers in one of Scotland’s largest cities will be without their traditional New Year celebrations as the ongoing economic crisis takes another victim. Officials at Aberdeen City Council (ACC) have admitted that a squeeze on finances has meant that any festivities will not be “on the same scale” as past years. Staging [...]
By Vikki Graves If you believe everything you read, our eating habits have gone into a steep decline. This time last year, your average Brit was walking home from the farmers’ market chomping an a fluffy organic roll stuffed with freshly roasted pig and apple sauce. But then this nasty credit crunch business came along [...]
New car sales have dropped nearly 37% since last November, with Edinburgh car dealerships one of the the many affected. According to the Society of Motor Manufacturers and Traders (SMMT), 100,333 new cars were registered in November, whilst private car sales was down 45% in November, which haven’t been as low since the early 1980′s. This news [...]
A housing charity is launching a UK wide fundraising campaign this Christmas to aid people suffering from the credit crunch. The current economic downturn has resulted in over 460,000 people consulting housing charity Shelter for financial help in the past six months. This has resulted in Shelter running a special Christmas charity plea throughout December, with [...]
By Nichole Guthrie Morrison’s supermarket chain has seen its like-for-like sales rise 8.1% since this time last year, according to global market research specialists TNS. The sales, which exclude petrol and new stores, are said to be have risen thanks to 700,000 new shoppers visiting the chain every week. Its ’Price Crunch’ deals and the ‘Market Street’ fresh [...]
By Lauren McKenzie Drivers of largest paisley taxi firm are abusing their company policy in an attempt to beat the credit crunch over the Christmas period. ‘Paisley Cab Company’ which is home to over 600 drivers are feeling the strain of the economy the most. With customer numbers seriously lacking over the holidays, drivers have [...]
By Lindsay Muir and Joel Sked Small business owners in Edinburgh are divided over Labour’s new tax proposals the Dunedin Napier News has learnt today. Labour have set out a number of measures which in the short-term will help many businesses overcome the credit crunch which has threatened to put the country in a fierce [...]
By Edmund Brown The credit crunch has affected all social groups and students are no exception. Young people going to university today can expect to leave with a debt of around £26,000 with the majority of this owed in overdraft and credit card facilities given to them by the now under pressure banks. Banks are [...]
By Lizzie Beattie Horses are the latest creatures to succumb to the worsening global credit crisis as more are abandoned each day by owners who cannot afford to keep them. Charities across Britain, including World Horse Welfare, have reported huge numbers of calls from owners who can no longer afford to feed and home their [...]
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