SameDayLoans.net has just released a study comparing various economic, facts and figures for the UK. It looks at a number of metrics including new mortgage loans, personal insolvency and unemployment across the country and average debt regionally.
Online PR News – 28-September-2012 – Kirkcaldy, Fife – samedayloans.net has just released a study comparing various economic, facts and figures for the UK. It looks at a number of metrics including new mortgage loans, personal insolvency and unemployment across the country and average debt regionally.
Since the onset of the double dip recession mortgage lending has fallen to 300,000 new loans that’s a 10% decrease on the 330,000 in Q4 of 2010, it has been slowing every quarter since then. Personal insolvencies have however remained fairly stable or reduced.
The UK government is hoping consumers will kick start the economy but households around the UK are in large amounts of debt; they are opting to pay down that debt rather than go out and spend. The South East being is the most in debt with an average of £21,591 whilst Scotland has the least average debt at £17,069.
Britain is home to some of the largest companies in the world but it is the small businesses that fill the treasury coffers and provide employment for millions across the land. Company insolvencies have almost doubled since 2007 having peaked in 2009 and fallen dramatically in 2010 but they were back on the rise again in 2011.
They say a recession is a great time to start a business but new company formations have fallen dramatically since their peak in 2006.
On a global scale the UK unemployment rate is holding up well on a comparative basis, but there are pockets of high unemployment particularly in Wales, Yorkshire and London.
To view the information visit http://www.samedayloans.net/blog/10-years-of-uk-business-good-and-bad/
SameDayLoans.net works with a panel of short term lenders, allowing users to apply securely online for short term funding