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Countdown to Financial Armageddon
Tracking the final days of the debt bubble
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Bank of Englad reveals UK household incomes fall for fifth year

Bank of Englad reveals UK household incomes fall for fifth year | Countdown to Financial Armageddon | Scoop.it

Disposable incomes of UK households have fallen for the fifth year in a row, research by the Bank of England suggests. The Bank's survey found the amount the average household had to spend each month, after tax, bills and housing costs, fell by £46 over the year.

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£1.75 Trillion Deal to Save The Euro - But Who's Going to Pay?

£1.75 Trillion Deal to Save The Euro - But Who's Going to Pay? | Countdown to Financial Armageddon | Scoop.it

British taxpayers risk being caught up in a £1.75 trillion deal aimed at saving the euro by allowing Greece to default on its huge debts. Cash would come, at least in part, from the International Monetary Fund, in which Britain holds a 4.5 per cent stake. This could mean British taxpayers paying out more than the £1billion they are already slated to have to contribute under the terms of the first Greek bailout fund.

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Is the €2 trillion rescue bid enough to save Europe?

Is the €2 trillion rescue bid enough to save Europe? | Countdown to Financial Armageddon | Scoop.it

George Osborne has admitted for the first time that Britain may have to provide billions of pounds more to bail out the eurozone as part of €2 trillion international efforts to shore up the single currency bloc and revitalise the flagging...

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