Loans

As the discount deal with European commission is over, it has resulted in higher interest charges for the loans to UK companies. These loans are backed by the Government.

There is a widespread relief with the advent of 2010 as UK manufacturing sector indicate positive results in terms of industrial growth.

There is bound to be political instability in UK as there are indications of a hung parliament after the general elections next year. Gordon Brown seems to be committed to take UK forward in style.

Rising concerns regarding the contraction of the economy appeared on the UK financial scene especially in the wake of financial crisis. The month of November has furthered the same.

New year has revived hopes for UK economic growth as there has been positive indications from the market. In the wake, home loans have risen substantially.

Banks are under scrutiny on account of charging more interest rates in the wake of a scheme to help small businesses grow.

As pre-budget report rolled out, there was a sense of uneasiness in the banks. JPMorgan's recent decision to review its headquarters plans from UK to elsewhere can be seen in the wake of the same.

UK is gripped under severe recession, however there are some indications, which provide respite even in these troubled times.

Recession gripped the entire world, however Britain seems to be lagging behind in the process of speedy economic revival.

House prices are on a constant rise. As we take into account the current market indications, 2010 will witness 1-2% higher prices.