British stock market crash for a few days of tension panic

In the United States by the time the crisis caused by global financial turmoil, the British stock market over the past few days, the market panic tension. At the same time, the United Kingdom increased inflation, consumer prices, the parties predict Britain will speed up the economic recession, a negative atmosphere.

According to the Hong Kong Ta Kung Pao reported that the Bank of England Monday to 5,000,000,000 pounds into the market after the payment of 20,000,000,000 again Tuesday to rescue the market. However, the British Financial Times index is still down 178 points Tuesday, fell to the lowest level in three years. Today, the U.S. insurance group AIG in an emergency, even though the U.S. government to take action to rescue the market, the British were still falling stock market opened.

Tuesday all the major British banking stocks were down in an emergency, in which Britain's biggest mortgage bank HBOS's share price had once dropped by 34% and 22% to close down. Britain's largest real estate bank loans Xiali Fass Jie Housing Agency is under the bank HBOS, Britain has a 20% open Housing loans, borrowing more than 2000 million customers. 17, when the market opened, while other British bank shares rebounded somewhat, but HBOS shares rose before 8:00 back again.

Royal Bank of Scotland and the British National Westminster Bank also belong to the same group HBOS, the Tuesday following the stock market fell 10 percent after the market opened on the 17th also see the end of the pick-up.

U.S. bank Lehman Brothers in the City of London has over 5,000 employees, most of these people suddenly find themselves unemployed Tuesday. Market analysts pointed out that the United States by storm is not the end of the meeting, the City estimated the number of unemployed in the near future will be close to 8-1000, their average annual salary of about 60,000 pounds, down significantly to the recent economic recession caused by a direct attack on the British market Worse still, the confidence.

Britain 17 forecast China Federation of Trade Unions, a year after Britain's long-term unemployment rate will be doubled. British unemployment rate is currently at a level of 5.4 percent, to the end of next year, is expected to exceed more than one year of the unemployed will reach 700,000, the national unemployment rate to rise to 2,000,000.

Britain announced Tuesday the inflation rate reached 4.7 percent, with the official set by the 2% annual inflation rate amounted to vary considerably, at the highest level in 16 years. Britain Governor of the Bank of England this week sent a letter to the finance minister, warned that the British consumer prices rose due to the inflation rate may rise to 5%.

British food-to-date inflation up to 14.5 percent, since the fuel price increases this year, nearly 28% of the electricity user fee increase of 18%. Economic experts here said that Britain is facing a 16-year life of the fastest-growing consumer price index and the economic recession is a significant performance.

The real estate figures released this week also showed that in the past in the first quarter of the country's housing sale at a rate of 30-year low. Meeting in the United States affected by the crisis, the United Kingdom over the past six months building a considerable tightening credit, the British property prices over the past four months in a row down.

In Britain 350 large enterprises in the survey, 2 / 3 of people believe that the credit crisis and yet to come, and be prepared to face the worse the prospect of even worse. A few days ago, the British entrepreneurs also warned that Britain is entering a more severe than expected downturn in the economy is more severe credit crunch and financial crisis yet to come.