Housing prices down 10%

By Dominique Brady

House prices have plummeted nearly ten per cent in Lewisham and Southwark, it emerged this week.

A thousand jobs lost in Southwark and Lewisham

 

By Dominique Brady

Over 1,000 jobs have been lost in Southwark and Lewisham as companies feel the devastating effects of the economic downturn, and experts warn the situation could be even worse.

Local businesses appeal to Harman

By Dominique Brady

Customers are fewer, spending is falling and costs are rising, worried business owners from Southwark told local MP and Deputy Leader of the Labour Party, Harriet Harman.  

Southwark Chamber of Commerce has begun working with members of the small business community to alleviate the pressure on them. It has released an emergency email address (econcrisis@southwarkcommerce.com) for businesses to contact if they are experiencing difficulties.

A local businessman exporting industrial equipment from America and Britain to Africa says the strong pound is “crippling” his international business. Small catering companies and clothing stores have also complained of reduced customer expenditure and rising supply costs. 

Travel agencies including JP Travel on Peckham Road and The Russia House Ltd of Borough Road, which arranges tours to Russia, are experiencing reduced business and delays getting invoices from customers.

The voluntary and third sector employees complained of reduced government funding, impacting on a range of services, including creative community work with teenagers and art therapy work in hospitals and prisons.