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	<title>financial news &#187; Recession</title>
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	<link>http://www.financial-news.org.uk</link>
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		<title>Osborne wakes up to difficult times ahead for UK economy</title>
		<link>http://www.financial-news.org.uk/osborne-wakes-up-to-difficult-times-ahead-for-uk-economy/</link>
		<comments>http://www.financial-news.org.uk/osborne-wakes-up-to-difficult-times-ahead-for-uk-economy/#comments</comments>
		<pubDate>Wed, 19 May 2010 13:34:34 +0000</pubDate>
		<dc:creator>tom</dc:creator>
				<category><![CDATA[Central banks]]></category>
		<category><![CDATA[Daily News]]></category>
		<category><![CDATA[Debt]]></category>
		<category><![CDATA[Global Credit Crisis]]></category>
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		<category><![CDATA[Recession]]></category>
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		<category><![CDATA[Willie Walsh]]></category>

		<guid isPermaLink="false">http://www.financial-news.org.uk/?p=1786</guid>
		<description><![CDATA[
In one of the classic understatements of the year so far, new finance minister George Osborne has just announced his findings that the British economy is in a dire state and there will be difficult times ahead. Osborne&#8217;s revelation came as the government sat down to take action on tackling the record budget deficit. Osborne [...]]]></description>
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		<slash:comments>3</slash:comments>
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		<title>Mandelson argues that Labour should be allowed to stay in power despite losing the election.</title>
		<link>http://www.financial-news.org.uk/mandelson-argues-that-labour-should-be-allowed-to-stay-in-power-despite-losing-the-election/</link>
		<comments>http://www.financial-news.org.uk/mandelson-argues-that-labour-should-be-allowed-to-stay-in-power-despite-losing-the-election/#comments</comments>
		<pubDate>Fri, 07 May 2010 09:21:25 +0000</pubDate>
		<dc:creator>tom</dc:creator>
				<category><![CDATA[Central banks]]></category>
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		<category><![CDATA[Employment]]></category>
		<category><![CDATA[Exchage Rate]]></category>
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		<guid isPermaLink="false">http://www.financial-news.org.uk/?p=1783</guid>
		<description><![CDATA[
In the first statement coming out of Labour election headquarters, current U.K. Business Secretary Peter Mandelson has put up an argument stating that the sitting government has the constitutional right for the &#8220;first go&#8221; in trying to remain in power when no party wins a majority in the House of Commons.
&#8220;The rules are, if it&#8217;s [...]]]></description>
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		<title>U.K. property prices set to extend their recovery</title>
		<link>http://www.financial-news.org.uk/u-k-property-prices-set-to-extend-their-recovery/</link>
		<comments>http://www.financial-news.org.uk/u-k-property-prices-set-to-extend-their-recovery/#comments</comments>
		<pubDate>Fri, 07 May 2010 08:52:53 +0000</pubDate>
		<dc:creator>tom</dc:creator>
				<category><![CDATA[Central banks]]></category>
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		<category><![CDATA[Energy Prices]]></category>
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		<guid isPermaLink="false">http://www.financial-news.org.uk/?p=1780</guid>
		<description><![CDATA[
According to information from the Centre for Economics and Business Research (CEBR) property prices in the UK are due to rise in 2010 driven by low borrowing costs and the shortage of homes. Property values are due to rise by five percent and mortgage costs will cheapen as the Bank of England retains a its [...]]]></description>
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		<slash:comments>0</slash:comments>
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		<item>
		<title>Fears of the Greek malady spreading to the UK grow</title>
		<link>http://www.financial-news.org.uk/fears-of-the-greek-malady-spreading-to-the-uk-grow/</link>
		<comments>http://www.financial-news.org.uk/fears-of-the-greek-malady-spreading-to-the-uk-grow/#comments</comments>
		<pubDate>Sat, 01 May 2010 14:07:03 +0000</pubDate>
		<dc:creator>tom</dc:creator>
				<category><![CDATA[Central banks]]></category>
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		<guid isPermaLink="false">http://www.financial-news.org.uk/?p=1775</guid>
		<description><![CDATA[
Financial analysts fear that Britain could be among the countries that could follow Greece into a financial crisis. The uncertainty comes after Dominique Strauss-Kahn&#8217;s head of the International Monetary Fund (IMF) warned of economic &#34;contagion&#34; spreading across Europe.
The IMF urged politicians to finalise a bail-out for the debt-laden Mediterranean country, saying that every day lost [...]]]></description>
		<wfw:commentRss>http://js-kit.com/rss/financial-news.org.uk/p=1775</wfw:commentRss>
		<slash:comments>1</slash:comments>
		</item>
		<item>
		<title>Brown wants FSA to investigate Goldman Sachs</title>
		<link>http://www.financial-news.org.uk/brown-wants-fsa-to-investigate-goldman-sachs/</link>
		<comments>http://www.financial-news.org.uk/brown-wants-fsa-to-investigate-goldman-sachs/#comments</comments>
		<pubDate>Wed, 21 Apr 2010 13:15:01 +0000</pubDate>
		<dc:creator>tom</dc:creator>
				<category><![CDATA[Central banks]]></category>
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		<guid isPermaLink="false">http://www.financial-news.org.uk/?p=1763</guid>
		<description><![CDATA[
British Prime Minister Gordon Brown said on Sunday he wanted Financial Services Authority (FSA) &#8211; - Britain&#8217;s financial watchdog &#8212; to investigate Goldman Sachs after it was charged with fraud by U.S. regulators. Meanwhile, the UK Financial Services Authority did not make any comment on Brown&#8217;s speech on Sunday. The U.S. Securities and Exchange Commission [...]]]></description>
		<wfw:commentRss>http://js-kit.com/rss/financial-news.org.uk/p=1763</wfw:commentRss>
		<slash:comments>1</slash:comments>
		</item>
		<item>
		<title>Iceland strikes back.</title>
		<link>http://www.financial-news.org.uk/iceland-strikes-back/</link>
		<comments>http://www.financial-news.org.uk/iceland-strikes-back/#comments</comments>
		<pubDate>Fri, 16 Apr 2010 15:45:10 +0000</pubDate>
		<dc:creator>tom</dc:creator>
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		<guid isPermaLink="false">http://www.financial-news.org.uk/?p=1758</guid>
		<description><![CDATA[
Airports in the U.K. and northern Europe shut down as a cloud of volcanic ash swept south from an eruption in Iceland, disrupting travel for thousands of people booked on flights with British Airways Plc and other carriers. According to flight-control organization National Air Traffic Services, U.K. airspace will continue to be closed till the [...]]]></description>
		<wfw:commentRss>http://js-kit.com/rss/financial-news.org.uk/p=1758</wfw:commentRss>
		<slash:comments>1</slash:comments>
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		<item>
		<title>UK Business fears a hung parliament</title>
		<link>http://www.financial-news.org.uk/uk-business-fears-a-hung-parliament/</link>
		<comments>http://www.financial-news.org.uk/uk-business-fears-a-hung-parliament/#comments</comments>
		<pubDate>Wed, 14 Apr 2010 10:28:33 +0000</pubDate>
		<dc:creator>tom</dc:creator>
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		<guid isPermaLink="false">http://www.financial-news.org.uk/?p=1754</guid>
		<description><![CDATA[
According to a recent survey, some of the largest companies in the UK are in fear of the financial effects of a hung parliament would have on the economy. The survey which takes in 141 chief financial officers of leading UK companies, among them 40 whose companies are quoted on the FTSE 100, fear that [...]]]></description>
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		<title>Interest rates likely to be increased in 2010</title>
		<link>http://www.financial-news.org.uk/interest-rates-likely-to-be-increased-in-2010/</link>
		<comments>http://www.financial-news.org.uk/interest-rates-likely-to-be-increased-in-2010/#comments</comments>
		<pubDate>Mon, 12 Apr 2010 18:50:02 +0000</pubDate>
		<dc:creator>tom</dc:creator>
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		<guid isPermaLink="false">http://www.financial-news.org.uk/?p=1747</guid>
		<description><![CDATA[
Economists have warned that a rise in interest rates is likely before the end of the year in the event that the current spike in factory output prices continues. High petrol prices have caused manufacturers to absorb rising energy and raw materials prices, with the main being transferred to consumers, stoking fears of a rise [...]]]></description>
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		<title>Offers in for Williams and Glyn.</title>
		<link>http://www.financial-news.org.uk/offers-in-for-williams-and-glyn/</link>
		<comments>http://www.financial-news.org.uk/offers-in-for-williams-and-glyn/#comments</comments>
		<pubDate>Sat, 10 Apr 2010 12:24:02 +0000</pubDate>
		<dc:creator>tom</dc:creator>
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		<guid isPermaLink="false">http://www.financial-news.org.uk/offers-in-for-williams-and-glyn/</guid>
		<description><![CDATA[
The Royal Bank of Scotland (RBS) has reported receiving five offers for their Williams&#38;#8201;&#38;&#38;#8201;Glyn&#8217;s branch network. RBS were ordered to sell these branches as part of a European Commission state aid ruling in 2009, the business is valued at around &#163;2 billion.
By Tuesday night&#8217;s deadline, speculations were that Santander, Virgin Money, National Australia Bank, BBVA [...]]]></description>
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		<title>UK business county court judgments on the increase</title>
		<link>http://www.financial-news.org.uk/uk-business-county-court-judgments-on-the-increase/</link>
		<comments>http://www.financial-news.org.uk/uk-business-county-court-judgments-on-the-increase/#comments</comments>
		<pubDate>Thu, 08 Apr 2010 08:42:37 +0000</pubDate>
		<dc:creator>tom</dc:creator>
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		<guid isPermaLink="false">http://www.financial-news.org.uk/uk-business-county-court-judgments-on-the-increase/</guid>
		<description><![CDATA[
Records from the Registry Trust show that the value of County Court Judgments (CCJs) against businesses in England and Wales increased five percent to nearly &#163; 900 million pounds last year. The number of judgments against businesses increased by nine percent on 2008 to a record 207,100, the fifth year-on-year increase in a row. A [...]]]></description>
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