Economic Warning Signs Increase

Recently constructed homes built by George Wimpey, part of Taylor-Wimpey PLC wait to be bought at one of the company's developments in Northwich, Cheshire, England on 3 July, 2008. Taylor-Wimpey has recently announced that it is to cut 900 jobs after failing to secure funding. A company spokesman said it had seen UK housing reservations drop 45%.
Recently constructed homes built by George Wimpey, part of Taylor-Wimpey PLC wait to be bought at one of the company's developments in Northwich, Cheshire, England on 3 July, 2008. Taylor-Wimpey has recently announced that it is to cut 900 jobs after failing to secure funding. A company spokesman said it had seen UK housing reservations drop 45%.
(Photo by Christopher Furlong/Getty Images Europe)
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The Starbucks logo hangs outside one of the company's cafes in Northwich, Cheshire, England on 3 July, 2008. Starbucks Corp in the US recently announced that it plans to close 600 company-operated stores in the country which represent about 7 percent of Starbucks' global workforce. Many UK consumers are beginning to cut back on luxuries as the global credit crunch begins to bite. An Aldi discount supermarket in Northwich, Cheshire, England on 3 July, 2008. Whilst most of the UK's leading supermarkets and grocery stores are battling hard for their market share, discount supermarkets Aldi and Lidl are seeing an increase in profits as middle class consumers fighting the credit crunch search out bargains as reported by TNS Worldpanel. An Aldi discount supermarket receives a delivery in Northwich, Cheshire, England on 3 July, 2008. Whilst most of the UK's leading supermarkets and grocery stores are battling hard for their market share, discount supermarkets Aldi and Lidl are seeing an increase in profits as middle class consumers fighting the credit crunch search out bargains as reported by TNS Worldpanel. A Lidl discount supermarket in Northwich, Cheshire, England on 3 July, 2008. Whilst most of the UK's leading supermarkets and grocery stores are battling hard for their market share decrease, discount supermarkets Aldi and Lidl are seeing an increase in profits as middle class consumers fighting the credit crunch search out bargains as repoterd by TNS Worldpanel.
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