Debt news for week beginning 24th May
May 28th 2010
A look-back at the news for the week starting 24th May, regarding debt problems, recession and inflation
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David Cameron criticises Labour on legacy of debt
May 27th 2010
"Our huge public debt is clearest manifestation of our economic mistakes", David Cameron is expected to say tomorrow. The government is preparing to launch its first budget, which is widely expected to contain the deepest cuts since the 1970s, as Britain's search for effective debt relief solutions continues.
European debt problems threaten recovery
May 26th 2010
The Organisation for Economic Co-operation and Development (OECD) has warned the latest debt crisis in the eurozone threatens the recovery of all Europe. The reports states that "bolder measures" are required to "ensure fiscal discipline". Germany is one nation amongst those calling for stronger measures for eurozone members which do not effectively manager their finances, requiring massive debt relief such as that announced to Greece.
Consumer inflation reaches 17-month high in April
May 25th 2010
A 17-month high in British consumer price inflation was reached in April, to the shock of economists.
Recession drives 1 in 14 workers to anti-depressants
May 24th 2010
New research suggests that the stress of the recession coupled with existing workplace pressures, leads 1 in 14 British workers to taking anti-depressants to cope. The research reports that 1 in 5 say that work-induced stress has made them physically ill.
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