Shaken British stock market panic in the tense days of fall

In the United States meeting in accordance with the crisis caused by the global financial turmoil, the United Kingdom shares plummeted over the past few days, the market panic tension. At the same time, the United Kingdom inflation surge in consumer prices rise, the parties to forecast the British economy will accelerate the recession, the negative atmosphere.

According to the Hong Kong Ta Kung Pao reported that the Bank of England to the market Monday put five billion pounds after the issuance of 20 billion again Tuesday to rescue the market. However, the British Financial Times index is still down 178 points Tuesday, dropped to the lowest level in three years. Today in the U.S. insurance group AIG, under an emergency, even though the U.S. government to take action to rescue the market, British shares were still trading down.

Tuesday the major British banking stocks were down in an emergency, in which Britain's largest mortgage bank HBOS's share price fall was 34 percent, and closed down 22 percent. Britain's largest real estate lending bank Xiali fass Jie Housing Agency is under the bank HBOS, with 20 percent of the United Kingdom revealed Housing loans, more than 2000 million borrowing customers. Opening on the 17th, while Britain has other banking stocks rebounded, but first and HBOS shares fell again 8:00.

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

U.S. bank Lehman Brothers in London, the City has over 5,000 employees, most of these people suddenly find themselves unemployed Tuesday. Market analysis pointed out that the U.S. is not the end of times by the storm, the estimated number of unemployed recent financial city will be close to 8-1000, their average annual salary of about 60,000 pounds, to the recent recession significantly reduced the British economy has a direct blow to the market Worse confidence.

Britain on the 17th China Federation of Trade Unions predicted that a year after Britain's long-term unemployment will be doubled. British unemployment rate currently at 5.4 percent level, to the end of next year is expected to more than one year will reach more than 700,000 unemployed people across the country the number of unemployed will rise to two million.

Tuesday released British inflation reached 4.7 percent, with 2 percent set by the official annual inflation rate vary Tatsu, at the highest level in 16 years. Bank of England this week sent a letter to British finance minister, warned that consumer prices soared as a result of the United Kingdom, the inflation rate may rise to 5%.

The latest UK inflation up to 14.5 percent of food, fuel price increases this year, nearly 28 percent, the user growth of 18 percent of electricity charges. Economic experts here have said that Britain is facing a 16-year life of the fastest growth since the consumer price index and an economic recession significant performance.

Real estate figures released this week also showed that, in the past one quarter of the sale of the National Housing rates are the lowest level in 30 years. Times by the crisis in the United States under the influence of the past six months, the United Kingdom very tight housing loans, the British property prices over the past four months consecutive decline.

350 in the British investigation of large enterprises, there are 2 / 3 of people believe that the financial credit crisis yet to come, and be prepared to face even worse prospect of even worse. A few days ago, the British entrepreneurs also warned that Britain is entering a more serious than expected economic recession, more severe credit crunch and financial crisis has not truly emerged.
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