The annual survey carried out by the Natwest Bank claims that over 40 percent of the 750,000 undergraduates will be working part time during the forthcoming academic year.
The study, called the Natwest Student Living Index, also concluded that working students will earn approximately GBP2 billion over the year, a substantial sum by anyones calculation. The reality of student life is that they have to take on a part time job in order to have enough money to get by.
The Natwest Bank survey is also helpful for students considering where to study as it highlights the best places money wise. Plymouth is deemed to be the best place to be a student where money is concerned, while Exeter is seen as the most expensive.
It is rumoured that the RBS could be ready to sell its stake in Tesco Finance, with a move expected within a few days.
Tesco Finance has RBS holding a 50 percent share of the business, which could be worth up to GBP950 million. This money would come in very handy for RBS, which has had a torrid time recently with the credit crunch denting its finances. This is just one of several sales that RBS appear to moving ahead with in their quest for GBP4 billion of extra money.
The management at Tesco Finance are unperturbed by the suggested sale since they have a very strong business position that would be attractive to any investor.
The Legal and General is reporting that economic indicators are flagging up a 95 percent chance of economic slowdown and subsequent recession.
According to an analyst at the company these indicators are even more pronounced than in 2001, the last time the UK economy fell upon hard times. This time the country is even more reliant on borrowing and the criteria for lending money is tighter than before. It has also been said that, even if access to credit becomes easier the startlingly fast rise in the price of fuel will keep the pressure on consumers and the economy.
The Legal and General analysts are factoring in the global slowdown that is needed, saying that countries such as the UK and USA will be hardest hit. All in all these look like trying times for the economy and consumers.
