"Invasion" of the financial crisis in the United Kingdom real economy _78871 Web site navigation

Real estate market downturn, car sales decline in retail sales weak financial crisis "invasion" of United Kingdom real economy recently, in a bank failure, stock prices and the devaluation of the pound, the United Kingdom who are increasingly discovering the tentacles of the financial crisis has been extended to the real economy: real estate market downturn, car sales decline in retail sales weak, third quarter GDP decline and so on. It is generally accepted that originated in the United States in the international financial crisis has started the "invasion" of the United Kingdom's real economy. Real estate prices sharply this year, the United Kingdom real estate prices fall. United Kingdom building society announced the beginning of October, the United Kingdom in September every set of house price decline of approximately 3000 pounds, lowered to each 16.18 million decrease over the previous month, up 1.7% decreased 12.5%. Under pressure from economic pressures, many of the United Kingdom shall not be subject to price selling real estate. United Kingdom, the first real estate information assessment institutions — "United Kingdom assessment" of the latest data show that in August, the United Kingdom in respect of 5% of homeowners are forced to sell real estate, this figure is lower than the same period last year by 1.4%. The data also shows that since the beginning of the year United Kingdom homeowners at least loss due to real estate transactions 2 billion pounds (1 pound 1.59 USD). Analysts believe that along with the deterioration of the economic situation, the real estate transaction losses will be more serious. By 2009, there will be 20% of homeowners have to price in the hands of real estate transfer. Market automobile manufacturers to reduce the estate after the second largest consumer goods sales of motor vehicles is also heavily damaged. According to the United Kingdom vehicle manufacturers and Dealers Association's statistics, the United Kingdom car sales for the month of September is only 33 million units, down 21%, for the fifth successive month of decline; the whole United Kingdom auto sales in July-September, year-over-year decline 18.8% 1 month to 9 month declined 7.5%. In response to market reality, all major manufacturers have reduced output, and some companies even introduced in 1973 to 1974 recession of a Wednesday-day week. Production of automobile manufacturers in the United Kingdom included in Japan's Nissan, Honda and Toyota Motor Corporation, and the original production would not high United Kingdom Bentley and Jaguar automobile company also announced that production. Merchants will usher in a depression Christmas not only real estate, automotive, and other commodity markets, the United Kingdom's retail sales weak trend emerges. With CURRY and PC World two major appliances supermarket chain in the United Kingdom DSG International Group President browett said that every year the month of December is often the Christmas sales season, is also the season of funding needs. But facing upstream production funds, bank credit tightening, this year's Christmas on merchants will be a "tight" season. United Kingdom a market analysis of the sector's latest report finds that this Christmas will be 1980 most depressed one Christmas. The Christmas is in two months, a lot of big stores throughout the United Kingdom is hanging out the "clearance", Li 50% or 70% signs, to the early start for tourists. According to the United Kingdom Government 24, published data, United Kingdom for the third quarter, and GDP decline than the previous month 0.5% since 1992, United Kingdom-economic contraction appears first. This data more description of financial crises has the "invasion" of the United Kingdom the real economy. Analysts believe that along with the crisis on the economic impact of gradual appearance, United Kingdom-economic downturn will be more obvious. According to Xinhua