However, this sector is set to be hit with cutbacks; in fact around 350,000 jobs are likely to be lost over the next five years, according to the Chartered Institute of Personnel and Development (CIPD).

This is mainly down to the current financial crisis that is still taking its toll on the country’s finances. As companies struggle to survive the prospect of job cuts becomes more likely, but in order to counter this Unions are likely to fight back with strikes.

These elements create a situation where the economy is in danger because of the cut in tax revenues.

Source [BBC]

This plan could be put forward if hi party are elected in the next Japanese elections, which must take place before September of this year.

With the dollar not being as strong as it has been, a single Asian currency would give the region strength and stability.

However, as with other attempts to introduce single currencies, the planning is much easier than putting it into action, the Euro is a classic example of this, although how it has turned out proves that a single currency can be effective and work for both business and the ordinary man in the street.

Source [Kopy Me]

In April there were around twenty seven thousand mortgages issued by lenders, that is an increase of almost four per cent on the previous month.

However, although this figure shows that there are people in the market who are buying property, when the figure is compared to the same month in 2007 it shows that they are down by a massive fifteen and a half per cent.

It is not a perfect gauge on how the property market is performing, but it allows the consumer and the market to see that there is some movement in property.

Source [Yo Blog]

There is a growing sector for credit card fraud where the credit card and the fraudster are able to get away, literally!

The airline industry is suffering from the current financial crisis and therefore have many seats left over on scheduled flight, so therefore these have to be sold at the last minute and this is where the credit card fraudster steps in.

The fraudster knows that if a ticket is booked well in advance there is the chance of it being cancelled, but a last minute booking is different, the fraudster can then get away from it all or sell the tickets on for a profit.

Source [UK Net Guide]

These lies often lead to a serious breakdown the relationship, so what are the most common ways of hiding financial difficulties?

Hiding credit card statements - One of the easiest ways to spend money undetected is to charge it
Concealing gambling winnings or losses - Gambling is a very expensive pastime
Understating spending – Some financial lies are more like half-truths
Secret bank accounts – Opening a secret bank account is often done with good intentions
Secret credit cards – Keeping credit cards a secret is surprisingly common

These are just clues to show that something is going wrong, the sooner the problem comes to light the better off all parties will be.

Source [Invest Money Stocks]

But now it seems as the financial crisis continues, companies are having to think about cutting costs and therefore that usually means job losses.

Now everything has changed and those workers aged sixty or over, who only last year chose to work rather than claiming benefits are now turning up at the benefits offices around the country wanting to sign on.

This claim is bolstered by the latest figures on unemployment that show in April over twenty thousand people aged over sixty signed on, that is an increase of around sixty five per cent.

Source [Telegraph]

It is the actual process of buying that puts fear into consumers, the shopping is fine, going through the process is fine too, but when it gets to the part where they have put their credit card details into the fields provided, this is where they stop.

The report from the Office of Fair Trading shows that thirty per cent of online consumers have a distinct lack of trust of websites and fear that their details will be used in fraud activities.

Source [Daily Mail]

London should be aware of this because the main factor involved in the demise of these once high and mighty cities is political and financial stability, without one or the other the financial centre is doomed.

London has so far survived the initial political and financial test, but further political trouble is heading in London’s direction from the EU.

The hub of the trouble is the hedge funds and private equity firms in the city, although these were no directly responsible for the current financial problems, some believe that they had a hand in it. The UK could find that Europe has the power to change where the money powerbase is at will!

Source [Telegraph]

One such blogger Mike Morgan has got under the skin of US bankers Goldman Sachs who have instructed a top law firm Chadbourne & Parke to inform him that if he does not close down goldmansachs666.com they will take legal action against him.

Morgan who is a registered financial advisor started the blog a few weeks ago, since then the site has carried many articles criticising the bank and on what goes on down Wall Street!

To make things worse the bank, Mike Morgan has said that if the site is closed down, he still has many more domains to fall back on!

Source [Telegraph]

Yet recent research has shown that the humble honey bee actually contributes more to the UK economy than a lot of people originally thought.

Not only is there the reduction in the production of honey, honeybees are also responsible for pollinating a wide variety of the UK’s fruit and vegetables. It is estimated that this work is valued at around £200 million per year, but it could be as high as £1 billion per year if the true retail value is applied.

Source [BBC]