Personal Finance and Investing

It seems no one in the UK is protected from financial difficulties. Recently revealed data indicates that the younger generation is facing the same miserable financial situation as their older counterparts.

According to official figures, more UK residents age 25 to 34 are resorting to Debt Relief Orders (DROs) for insolvency than any other age bracket.

A DRO is a new alternative to bankruptcy, designed for people with low incomes and few assets.

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I have zero desire to be  a farmer.  But that would seem to be the logical end result if we take Obamas recent statement to its logical conclusion.  He said in his Kansas OK, I really am a socialist after all speech:

Factories where people thought they would retire suddenly picked up and went overseas, where workers were cheaper. Steel mills that needed 100—or 1,000 employees are now able to do the same work with 100 employees, so layoffs too often became permanent, not just a temporary part of the business cycle. And these changes didn’t just affect blue-collar workers. If you

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The United Kingdom will cut off all ties to the Iranian banking system as Tehran continues to press forward with its nuclear plans. BritishChancellor of the Exchequer George Osborne has banned all Iranian banks, including the central bank.

“I have today taken action to impose further financial restrictions against Iran,” Osborne said. “We believe that the Iranian regime’s actions pose a significant threat to the U.K.’s national security and the international community. Today’s an

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Despite business lending targets established by the government, more difficult lending conditions will lead the cost of credit to increase, reported small business funding source Interface Financial Group (IFG). The company operates in the UK and several other countries. Services include providing businesses with short-term financial resources like debtor, construction, and invoice factoring.

According to the Bank of England, the cost of credit for small businesses will increase during the remainder of this year. At the same time, the bank expects that demand for business loans will decline.

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