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13 November 2014

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Credit Crunch

You are in: Cumbria > Credit Crunch > Βι¶ΉΤΌΕΔ Radio Cumbria Downturn Day

Βι¶ΉΤΌΕΔ Downturn Day logo

Βι¶ΉΤΌΕΔ Radio Cumbria Downturn Day

Just how bad is the economic situation in Cumbria? Has the much-rumoured recession hit the county yet? Have you been hit by the downturn - or are you wondering what it's all about?

Sale signs

You may have noticed that all is not right in the world of the British economy?

There's some disagreement about whether we're in recession or not, but whatever your view, we're all agreed that there's a credit crunch going on.

Every day the news headlines are dominated by stories about:

  • House prices dropping
  • Small businesses struggling
  • Share prices tumbling
  • House sales slumping
  • Banks being bailed out by the Government
  • Savers worried about the security of their deposits
  • The buy-to-let industry in decline
  • First time buyers needing bigger deposits
  • Βι¶ΉΤΌΕΔ repossessions on the rise

Βι¶ΉΤΌΕΔ Downturn Day

Friday 24 October 2008 is Downturn Day across the Βι¶ΉΤΌΕΔ.

Βι¶ΉΤΌΕΔ Radio Cumbria went onto the streets and into the boardrooms of the county to see how you are being affected by the economic turmoil.

Gordon Swindlehust in Carlisle

Gordon Swindlehust in Carlisle

Gordon Swindlehurst broadcast part of his breakfast programme live from Bank Street in Carlisle and heard from reporters from around the county.

You can hear the programme and see photographs of some of the guests using the links to the right of this page.

last updated: 24/10/2008 at 14:25
created: 23/10/2008

You are in: Cumbria > Credit Crunch > Βι¶ΉΤΌΕΔ Radio Cumbria Downturn Day

Credit Crunch

From Βι¶ΉΤΌΕΔ business news:

UK in recession



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