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Double blow for the economy

Britain's beleaguered economy today suffered a double hammer blow with new figures revealing a sharp fall in mortgage lending and spiralling levels of personal debt. Britain's beleaguered economy today suffered a double hammer blow with new figures revealing a sharp fall in mortgage lending and spiralling levels of personal debt. The shocking extent of the UK's financial problems were revealed as the International Monetary Fund (IMF) labelled the level of overall debt as "disturbing". The prospect of a speedy improvement seems slim because the number of mortgages approved for house purchase has dived by more than 60 per cent during the past year to hit a new record low. New reports painted a picture of ordinary people awash in a sea of debt. Residents are unable to borrow for personal spending because banks are reluctant to lend, despite swingeing interest rate cuts. IMF managing director Dominique Strauss-Kahn said the level of UK debt was disturbing. He said 2009 would be "a really bad year". Read the full story in today's Shropshire Star

North Shropshire|Dec 23, 2008
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Shropshire's councils comfortably meet landfill targets

Shropshire's two councils comfortably met stringent Government limits for the amount of waste being sent to landfill - despite developers putting forward controversial incinerators to deal with the county's waste. Shropshire's two councils comfortably met stringent Government limits for the amount of waste being sent to landfill - despite developers putting forward controversial incinerators to deal with the county's waste. A new report by the Environment Agency on Landfill Allowances and Trading Scheme (LATS) for 2009/10, published this month, shows both Shropshire Council and Telford & Wrekin Council sent much less waste to landfill than they were allowed to. Shropshire Council was nearly 20,000 tonnes below its allowance, while Telford & Wrekin Council was more than 3,000 tonnes under.

News|Nov 10, 2010
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