Inflation and bankruptcy! Don’t panic.

Don’t panic. Even if all todays news is very very bad: don’t panic, business and life keep going on! But let’s have a look at the 4 most read news stories of today from London about London:

  1. The collapse of Lehman Brothers Holdings has brought several consequences: markets everywhere have never been so down, overnight the cost of borrowing in dollars has more than doubled to the highest since 2001 (from 3.33 percentage points to 6.44 percent today: the biggest jump, according to the British Bankers’ Association), 7000 bankers are now sending out their cv’s and hoping to quickly solve their personal situations.
  2. ‘Inflation surged above forecasts to 4.7 per cent in August to the highest rate since Britain’s last recession, after the price of food and energy rose. – says: – Households are now paying 27.7 per cent more on their gas bills and 18 per cent more for electricity. The cost of banking services also increased as lenders cut their mortgage arrangement fees by less than they did last year. Food prices also rose by 1.3 per cent last month and, in the year to August, by 13 per cent’.
  3. Problems in the City, at home and at City Hall: – David Cairns, Minister of State at the Scotland Office, believes Mr Brown is showing a lack of leadership and direction to the country -, says the – He is unhappy about the lack of direction and believes the leadership is all over the place and making lots of mistakes. He has been unhappy for some considerable time and could decide to go today.
  4. And in London the crimes are increasing. Spokesman Chris Huhne has set out his vision for tackling crime, calling for better policing rather than tougher sentences. He said people should not be sent to jail for minor offences when other punishments would be more effective. Resources must be directed towards more effective policing and detection rather than more prisons, Mr Huhne added.

But don’t worry life is an up and down of events, the famous destiny’s waves! Londoners (and not just them) have to try to resist, never give up and learn from the brave Lehman’s workers that kept going to work, knowing well what was going on and now are at work to find a new employer. Being up to date and connected is indispensable in order to succeed and to survive: for this reason London Presence continues to provide you with efficient customer service from Monday to Friday (9am – 5,30pm) and with a unique blog!

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