Celeb chef, Anthony Worrell Thompson, has had to close four of his restaurants due to a fall in revenue, leaving 60 of his staff out of jobs.
His company, AWT Restaurants Ltd, went into administration last week. He needed £200,000 to keep his firm afloat but failed to secure the bank loans.
The Woolworths brand has been bought by an online retailer, and will be relaunched as a web brand. Since going into administration in November, all of there stores (over 800) have closed, after struggling with debts of £385million.
Their clothing brand, Ladybird, for children, will also be reborn online. The brands are being bought by Shop Direct Group, formerly known as Littlewoods Home Shopping.
400 of the top BBC managers have had their bonuses slashed because of the current credit crunch.
The BBC want to save an extra £450m by 2013, on top of the £1.7bn already planned. So cutting the bonuses of the firm's biggest bosses is the most logical step! I bet they still get paid a fortune though!
The popular job website, Monster, has been hacked and the details of millions of people have been stolen, including the 4.5million users in the UK. If everybody is affected, it will be the biggest data theft since the details of child benefit claimants was stolen last year.
The firm have advised all their users to change their passwords and watch out for scam emails. Luckily, although details were stolen, it's thought financial details and NI numbers weren't.
Now here's a phrase I've never heard of: 'mousewives'. And I love it!
They're stay-at-home wives/mums who makes a bit of extra cash by using their computers. Whether it's selling things on eBay, doing company accounts or blogging for money, they're all trying to beat the credit crunch by doing that little bit extra.
And fair play to them I say!
The BCC seem to be very concerned about December's retail figures, as they saw retail sales values fall 3.3% on a like-for-like basis - this is being put down to the massive dent in consumer confidence, and their unwillingness to part with their cash as easily as they did before - understandable really!
They have been offering good value fruit and veg now for a while, so I thought I would make a note of it. At the moment, there's a variety of fruit and veg on offer at 49p, including potatoes, kiwi fruit and broccoli.
Take a look at your local Aldi - the discount supermarkets really are on the up due to the current market, and are well worth thinking about for staple goods.
It's been found that only one in eight debt-ridden Brits (13%) actually seek help for their problems. Despite being warned of possible repossessions and escalating debt, 51% haven't sought debt advice yet. The research also found that even though they haven't asked for help, they are concerned about their finances.
So why not ask for help then?!
If the someone special in your life is deserving of a nice piece of jewellery, why not have a look in Goldsmiths? Both in their online store, and onthe high street, they have a 25% off all diamond rings and diamond jewellery sale.
To get the online discount, enter the code DRJ25 at the checkout
The banks seem to be staying strong and improving their profit margins. So who would actually benefit from interest rates of 0%? Many high street banks have already declared that they won't be passing on any more interest-rate reductions to homeowners with tracker mortgages, so will a rate cut just improve their profits? Or will they benefit joe public?
Banks could do with passing on the interest rate slashes to their customers - this would improve consumer confidence and get the spending ball rolling. Only then could we see improvements when it comes to the retail sector. The government needs to force lenders to pass on the savings - how this can be done, I'm not quite sure.