- Wednesday, 7 October 2009The number of people struggling financially and coming to rely on bankruptcy-avoiding measures such as
individual voluntary agreements (IVAs) could continue amid reports of a stalling economic recovery.
According to the Office for National Statistics (ONS), manufacturing output decreased by 1.9 per cent in August, resulting in a flat output rate on a three-month-on-three-month basis.
Benjamin Williamson, economist at the CEBR, said that while the decrease in production is an unwelcome development, it could act as a wake up call for those people who had suggested the UK had entered recovery.
He commented: "It has just made the whole situation a lot more realistic. People had been expecting, erroneously in our opinion, that there would be a strong bounce back. The overall recovery will be fragile and today's data highlights that."
According to the ONS, total production output decreased by 2.5 per cent between July and August.
Recent IVA News23% of first-time buyers save for five years to raise a depositWed, 04 May 2011
Brits dealing with Finance Management should shop around for car insurance Wed, 04 May 2011
Parents, including those with Finance Management, advised to start saving for children's weddingsTue, 03 May 2011
Newlyweds may be in need of Finance Management plans after overspending on weddingTue, 03 May 2011
Renting rather than buying may be an option for Brits with Finance Management Thu, 28 Apr 2011
Consumers coping with Finance Management may want to shop around for cheap energy tariffsWed, 27 Apr 2011
Increasing number of Brits turning to loans for home improvementsWed, 27 Apr 2011
Brits, including those with Finance Management plans, to spend £267 on Royal Wedding Tue, 26 Apr 2011
Equity release can be used to 'become debt-free'Tue, 26 Apr 2011
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