With the Bank of England Governor Mervyn King speaking his mind on the government’s direction to introduce new fiscal stimulus plans to boost the economy, British Prime Minister Gordon Brown responded seemingly in the defensive.  King gave a statement on Tuesday, March 24, 2009 that the government should not give out any more fiscal stimulus since there is a growing budget deficit.  According to Brown’s spokesman, the fiscal stimulus is only one of the strategies the government is going to use to ... Read More

More Unemployment in the Horizon The unemployment in the United Kingdom looks bad right now and it seems that it has not yet ended. While people in different fields are now scrambling to hold on to their jobs, it looks like more would be unable to do so and a lot more lay offs will occur before things start to get better. One of the biggest industries in the United Kingdom is manufacturing and exportation and in the past few months, it ... Read More