In its gloomiest prognosis of the British economy to date, it also predicts that unemployment will soar ...Britain is already in recession, and its economy will shrink by a full percentage point next year, the Ernst & Young Item Club will warn tomorrow. Online mortgages dispel of this practice as sending information over the Internet can be done much faster and easier. So now, borrowers can stay in the know with the information that is readily available on the Internet.