U.K. Economy picking up?

Lets hope that the Millwall hooligans, oops, I mean supporters, dont smash it down
once it has been built!

200 JOBS BEING CREATED BY UTILITYWISE IN TYNESIDE
A LOT OF FIRMS ARE LOOKING FOR (BIG DATA)INFORMATION ANALYST BUT THERE ARE NOT ENOUGH PEOPLE THAT CAN DO THIS

THE KATE MIDDLETON EFFECT IS WORTH £1BILLION TO THE BRITISH ECONOMY IN FASHION SALES AS PEOPLE BUY WHAT SHE WEARING.
ALSO BOOSTED ANGLESEY'S TOURISM.

WHITBREAD IS TO CREATE 10,000 JOBS

http://uk.finance.yahoo.com/news/clinton-cards-heads-administration-4-074609868.html

Clinton Cards heads for administration, 4,800 jobs at risk

..


Clinton Cards (LSE: CC.L - news) , the country's largest specialist card retailer, warned that it expects to be placed into administration by its largest supplier, potentially putting around 4,800 jobs at risk.

The listed-group, which operates 628 Clintons stores across the UK and is controlled by the Lewin family, has asked for trading in the company's shares to be suspended .

In a stock exchange statement on Wednesday the company said its banks - Barclays (LSE: BARC.L - news) and Royal Bank of Scotland (LSE: RBS.L - news) - had sold its £35m of debts to American Greetings, the US greeting card and e-card retailer based in Cleveland, Ohio.

Clinton Card said that after securing control of its debt, it had expected American Greetings to offer its ongoing support for the business and extend a waiver of "technical breaches" of its loan agreement with its banks.

However, American Greetings told the board it intended to enforce the loan against the company.

"The board has concluded that because it is unable to repay the loan it has no option but to concur with American Greetings proposal to place the company and its subsidiaries into administration."

The company, which was to publish an interim trading update on Thursday, said trading for the 14 weeks of the second half to date has continued to be difficult, with like-for-like sales down by 3.5pc.
..

unemployment went down 45,000,todays figures say.

WARNER BROS ARE GOING TO INVEST 100MILLION IN NEW FILM STUDIOS IN HARPENDDN,HERTFORDSHIRE,MIGHT CREATE LOTS OF JOBS

I saw that on T.V. British Films have been doing very well and Warner Bros can see this and know it is much cheaper to make a Film in the U.K.,it
will create hundreds of jobs which can only be good.

COSTA COFFEE TO CREATE 3,500 JOBS.
FILM PRODUCTION MOVING TO BRITAIN COULD CREATE 10,000 JOBS

It's manufacturing expansion we need, businesses that export to bring money into the Country. Whether we like it or not, times are going to get harder.

Panda wrote:

It's manufacturing expansion we need, businesses that export to bring money into the Country. Whether we like it or not, times are going to get harder.

Absolutely. Time to put money into our country and not everyone else's.

Angelina wrote:

Panda wrote:

It's manufacturing expansion we need, businesses that export to bring money into the Country. Whether we like it or not, times are going to get harder.

Absolutely. Time to put money into our country and not everyone else's.

EXPORTS IS DEFINATELY WHAT WE NEED

The Bank of England is lending Banks £100 million with the proviso that the money be lent to small businesses. Let's hope someone monitors the Banks , they have always been reluctant to lend to small Businesses, but more than happy to lend to House Buyers.

Morning Panda, Imo I dont think the Banks dare make any mistakes now, I think like New Scotland Yard, the Banks are on a damage limitation excercise, still wouldn't trust either though......so interesting times ahead for both imo

Lillyofthevalley wrote:Morning Panda, Imo I dont think the Banks dare make any mistakes now, I think like New Scotland Yard, the Banks are on a damage limitation excercise, still wouldn't trust either though......so interesting times ahead for both imo

Morning Lillyofthevalley.

I think the Government ought to help paying for Apprentices to work for industries like they used to in the 70,s/80,s. instead of the BOE lending to the Banks. This would be a much better idea, keep the unemployed out of mischief and ensure when the time comes they have a Trade . The owner of a small Engineering Firm interviewed on T.V. recently says he has plenty of work , but not enough qualified workers. Banks are only interested in Credit
Cards so people get more and more in debt, lending for Properties which buyers can barely afford and and gambling with depositors money. No wonder
they don't want the Retail Sector and Investor sector split.!!!

UNEMPLOYED FIGUES HAVE GONE DOWN 50,000,BUT JSA CLAIMANTS HAVE GONE UP.

I just caught the tail end of a News flash Badboy but it was something about King, the Bank of England Chief being over-ruled by the rest of the Committee over his plan to lend to the Banks.

Panda wrote:
The Bank of England is lending Banks £100 million with the proviso that the money be lent to small businesses. Let's hope someone monitors the Banks , they have always been reluctant to lend to small Businesses, but more than happy to lend to House Buyers.

This & the last government have already tried this before but the banks only lend under their strict lending criteria. If you already have the money they will lend. - I can say this as several friends have tried to raise capital for their companies - with no success. This was when taxpayers were securing 75% of debt & banks only 25%

Let's hope this new initiative is different. I doubt it though.

I think this money should have bypassed the Banks, they never lent to small Businesses before. Surely, when the Country is in dire straits the
Government could have come come up with a way to lend direct to small Businesses .?

Yes the government could do that through Business Link & Chambers of Commerce that currently give grants.

IMO just another way of spinning the we are doing something without a lot actually happening. As I said before the last shower in parliament did this & I see no change in the new lot.

I saw on one edition of the news that small businesses don't really want to borrow at the moment because they are unwilling to take risks. Apparently the money is already available from banks but not many takers.

Actually that is true of some but the ones that do want to borrow cannot as banks won't lend.

I know of at least 3 small business owners wanting to borrow around £10k ish (hardly a fortune) who have all been refused even when they said would put house up as collateral - Banks don't lend on bricks & mortar anymore apparently only if you already have the money they tell me.

gillyspot wrote:Actually that is true of some but the ones that do want to borrow cannot as banks won't lend.

I know of at least 3 small business owners wanting to borrow around £10k ish (hardly a fortune) who have all been refused even when they said would put house up as collateral - Banks don't lend on bricks & mortar anymore apparently only if you already have the money they tell me.

I suppose they don't want to trust the housing market to get their money back if necessary.

It's silly...about 30 years ago we wanted to borrow £200 and were refused a loan...even tho we had the money in our savings account which we wanted to keep there as an emergency fund. It the end we were forced to use it as we couldn't get the loan. How things and prices have changed.

Banks have never been for anyone else than bank executives.

IMO not a lot of change from Shylock (Shakespeare) wanting his "pound of flesh".

When was the last time the Banks held 11% Liquidity ?

When was the last time Banks stuck to the unwritten rule that they would only lend on the purchase of a property if the Buyer contributed 25% of
the value.?

When was the last time a Bank Manager had a meeting with a Client with assets of less than £50,000?

When will the Government force changes on the Banks practices in view of the fact they started this World Wide crisis.?