House prices fall 1.9% in March
The Halifax have reported a 1.9% drop in houses prices compared to February bringing the average UK house price down to £157,226.

Housing Market is still on a downslide
According to the country's surveyors property sales in December, January and February are at a 31 year low. Further more house builders believe house construction may reach a 88 year low.

Bank of England lowers UK interest rate to 0.5%
As expected the Bank of England has slashed UK interests rates in half from 1% to 0.5% in another bid to kick start the economy. This is the sixth time since October last year that the rate has been cut as a result of the banking crisis that started in September.

House Prices fall 1.8% in February
Confidence continues to be depleted in the property market resulting in 1.8% further drop in house prices. The figures published by the Nationwide building society brings the average house price down to £147,746, that is a drop of 17.6% over the last 12 months.

Saab Goes Solo
The Swedish courts have approved the Saab application to enter a reorganisation process in a move to survive the encomical down turn without its parent company GM.

Car production takes a tumble
According to figures published by the SMMT (Society of Motor Manufacturers and Traders) UK car production fell sharply in December 2008. A staggering 47.5 percent drop in car production in comparison to December 2007.