Financial Favourites

Another report on the economy from BBC News:

A leading think-tank is predicting it may take another five years for income per head to return to the level it was before the recession hit in early 2008.

The National Institute of Economic and Social Research (NIESR) sees total UK GDP falling 4.3% in 2009 before growing 1% in 2010 and 1.8% in 2011.

This echoes earlier NIESR forecasts but suggests a slower rate of recovery.

NIESR expects government borrowing to hit £165.7bn this year, less than the £175bn the government predicts.

The research body sees income per head – GDP per capita – taking until March 2014 to return to the level it was in the first quarter of 2008, when the recession kicked in.

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Just because you have the financial security you need at the moment does this you’ll have it if you lose your job, or become too ill to work?

Income protection insurance is a way to prepare for this, like other insurance products you pay a premium to protect against a possible future event.

This inusrance pays out a monthly, agreed, sum to you after you lose your job to enable to you pay bills and cover expenses.

For more information on income protection, please visit:  www.incomeprotection-insurance.co.uk