Money: Conservative Plans – July 20th 09

Andy Verity and Jeremy Naylor present this morning’s business stories, including:
The Conservatives are to outline their plan to hand over regulation of the banking sector to the Bank of England.
Ernst & Young ITEM Club summer forecast predicts UK GDP will contract 4.5% in 2009 the largest slump since 1945, with a subdued 0.5% recovery in 2010.
We also look at a UK Ponzi fraud for which the City of London Police believe is the biggest and is appealing for more victims.
Finally, repossessions are set to hit 67,000 this year as unemployment rises to the 3 million mark, according to forecasts from property recovery specialists Property Portfolio Rescue.

Leave a Reply