UK suffering the longest recession since records began

Saturday, October 24th 2009 - 16:56 UTC

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The UK is now in the grip of the longest recession since records began, according to gloomy official figures. Hopes for an end to the recession were scuppered as the economy shrank by a shock 0.4% between July and September - a record sixth quarter in a row of decline. Read full article

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VicenteA
Due to recession not only have the value of stock portfolios within many 401(k) retirement accounts plummeted, but now employers are starting to cancel matching contribution policies. However, most industry analysts are purporting that the practice is only a temporary measure, just to weather the recession. The 401(k) plan replaced the pension as the standard of retirement benefits that employers offered, and are most people's standard retirement plan, if they have one at all. That said, when employers stop contributing to employee 401(k) retirement accounts, it makes people wonder about <a rev=“vote for” title=”Debt Relief Hard To Handle | Employers Change 401(k) Rules“ href=”http://personalmoneystore.com/Debt-Settlement-Relief/ ”>debt relief</a> for their future.
Nov 03rd, 2009 - 04:49 pm - Link - Report abuse 0
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