Credit Crunch?

The UK is in a recession for the first time in 16 years. What is said to be the longest one since 1955, when records began. According to experts, when it will end is uncertain. But is it affecting all areas of business?

Interior Design's Top 100 Giants earned a collective $2,697,678,869 between them in 2008! The biggest earning interiors company this is Gensler (San Francisco) which brought in (in millions) $285.000 and not only do they have 1140 design staff, they are worth (in millions) today $5700.00. And yes, this may be the number 1 company, but in 100th place, Anderson Mikos Architects (Illinois) still brought in (in millions) $7.478 and are worth (again in millions) $62.44.

Along with this, it is guessed that at least 5000 bankers in the UK will earn more than a million this year, and RBS are planning to spend £1.5 billion this year alone on investment banking staff bonuses! They have been warned that this is ridiculous, however the RBS board has threatened to quit if the move is blocked by the government.


It is said that pizza and takeaway companies will not suffer either...pizza company Firezza have said that their sales are increasing steadily by 5% every year, as people are now realising that getting in a takeaway is a lot cheaper than going out for a meal.

Its good to know that although some of our favourite shops are in danger of closing down, we dont have to worry about our favourite takeaway companies disappearing!! And that, despite the current economic climate, jobs in the interiors industry are still doing well.