Economy News

Monthly incomes A?22 lower in 2012

Monthly incomes A?22 lower in 2012

The average monthly income of UK households fell by A?22 in real terms compared with last year, according to a survey carried out for the Bank of England (BoE) by NMG Consulting. People on lower incomes have seen their income eroded more than higher earners and households still have high levels of debt the BoE […]

December 18, 2012 More
Chancellor open-minded about ending inflation target

Chancellor open-minded about ending inflation target

Chancellor George Osborne has welcomed remarks made by the incoming Governor of the Bank of England about scrapping the inflation target to focus on gross domestic product (GDP). Such a change in strategy would require the Bank of England to introduce new measure to stimulate the economy, even if this caused inflation to rise. Mark […]

December 13, 2012 More
Austerity measures extended in Autumn Statement

Austerity measures extended in Autumn Statement

Chancellor George Osborne is extending the governmenta��s austerity measures until 2018, a year longer than expected, after the Office for Budget Responsibility revised down its forecast for economic growth. Last year, the OBR was optimistic that the economy would grow by 0.8 per cent this year, but it now expects it to contract by 0.1 […]

December 5, 2012 More

Investment News

Savings tops list of financial worries

Savings tops list of financial worries

There has been a substantial increase in the number of people worried about their finances over the past six months and savings are the main area of concern. A survey by financial advice site unbiased.co.uk discovered that 47 per cent of British people are more concerned about their savings than they were six months ago. […]

November 15, 2011 More
Santander launches Inflation Linked Savings Bond

Santander launches Inflation Linked Savings Bond

Santander UK has announced a new savings bond designed for people who want to inflation-proof their savings. The six-year Inflation Linked Savings Bond will pay the percentage rise in the Retail Price Index (RPI) when it matures, on top of the savera��s initial deposit. Savers can invest between A?500 to A?2 million in the bond […]

November 14, 2011 More
Low base rate could cost savers A?43bn

Low base rate could cost savers A?43bn

Campaign group Save our Savers today revealed the cost to savers of the Bank of Englanda��s decision to hold the base rate at 0.5% for the 33rd successive month. The group estimates that the low interest rate combined with a retail price index at 5.6 per cent, its highest level for 20 years, and a […]

November 11, 2011 More

Mortgage News

Newcastle Building Society exits interest-only mortgages

Newcastle Building Society exits interest-only mortgages

Newcastle Building Society has stopped offering interest-only mortgages to new borrowers, following the lead of the Royal Bank of Scotland, Nationwide, Co-operative bank and Coventry Building Society. The decision will not affect existing Newcastle customers and applications for interest-only mortgages received before 14 December will still be processed. Prior to the credit crunch, interest-only mortgages […]

December 19, 2012 More
Large deposits still challenging first-time buyers

Large deposits still challenging first-time buyers

The Council of Mortgage Lenders (CML) is forecasting a positive year in 2013 for the UK property market, but first-time buyers are still struggling to find the large deposits required by mortgage lenders. The CML has recorded a steady increase in mortgage lending with 49,500 home loans advanced for house purchases in October. This represents […]

December 12, 2012 More
Nationwide lends A?2.5 billion to first-time-buyers

Nationwide lends A?2.5 billion to first-time-buyers

Nationwide Building Society lent A?2.5 billion to 20,000 first time buyers in the first six months of 2012-13. This is double the amount it lent in the first half of the 2011-12 financial year and nearly as much as it lent to 24,000 first time buyers in the whole of the year. In proportion to […]

December 3, 2012 More

Property News

Home rental costs down in November

Home rental costs down in November

The cost of renting a house in England and Wales fell by 0.4 per cent in November, its first dip since March, according to a survey by LSL Property Services. Average rent was A?741m during the month, returning to the level seen in September. However, it was 3.4 per higher than in November last year. […]

December 21, 2012 More
Housing market recovery to continue next year

Housing market recovery to continue next year

Recent improvements in the housing market should continue into next year, according to the Council of Mortgage Lenders (CML) Gross lending is estimated to have increased to A?12.9 billion in November, helped by the Funding for Lending scheme which provides banks and building societies with lower-cost funding, which they are then supposed to pass on […]

December 20, 2012 More
First-time buyers take a decade to save for a deposit

First-time buyers take a decade to save for a deposit

Before the credit crunch it took first-time buyers two to four years to save up a deposit for a property but a quarter of first-time buyers now say it will take them at least ten years. In its latest Property Tracker report, the Building Societies Association (BSA) suggests that since September 2010 raising a deposit […]

December 17, 2012 More

Banking News

Lloyds TSB halts sale of packaged accounts in branches

Lloyds TSB halts sale of packaged accounts in branches

Lloyds TSB will stop selling packaged account in its branches from 1 January 2013, until its sales procedures are brought into line with those operated by sister bank The Halifax. Lloyds TSB is one of the main providers of packaged accounts in Britain, with around one in three of its customers choosing to pay fees […]

December 20, 2012 More
Savers dig deep to fund Christmas

Savers dig deep to fund Christmas

New research from the Halifax suggests that savers are funding their Christmas spending with money set aside for other purposes. Thirty-seven per cent of 2,138 savers surveyed by the bank at the end of November had withdrawn savings in the last three months. The average amount withdrawn was A?1,186, more than double the average savings […]

December 18, 2012 More
Financial data at risk from unsafe passwords

Financial data at risk from unsafe passwords

According to a survey by the Payments Council the problem of having to remember a different password for several accounts means that many internet users are compromising the security of their financial data. Internet users have 22 password-protected accounts on average and many use the same log-in details for more than one account, even though […]

December 17, 2012 More

Insurance News

Car insurance prices falling

Car insurance prices falling

The cost of car insurance fell by 6.6 per cent this month, compared with a year ago, according to Tiger Watch, the car insurance price monitor produced by Tiger.co.uk. Compared with November, prices increased by 0.4 per cent, but across a three month period, prices have fallen to a two-year low. Competition between insurance providers […]

December 14, 2012 More
Government acts to curb whiplash epidemic

Government acts to curb whiplash epidemic

Medical panels could be introduced to assess car drivers and passengers making an insurance claim for a whiplash injury following an accident. The number of personal injury claims relating to road accidents has soared by 60 per cent since 2006, despite a 20 per cent fall in road traffic accidents and the government is to […]

December 11, 2012 More
Insurers warn householders to keep Christmas gifts secure

Insurers warn householders to keep Christmas gifts secure

With UK households expected to spend around A?8.5 billion on Christmas presents this year, according to a survey by Tesco Bank, insurers are warning consumers to keep their gifts secure. The Association of British Insurers (ABI) says that insurers received A?35m of claims for the 23,000 burglaries which took place in December last year. Shoppers […]

December 10, 2012 More

Other Finance News

Mmj Doctor Online Tips

Mmj Doctor Online Tips

Mmj Doctor Online Tips MMJ healthcare practitioner online wont comply to all the above decorative procedures. The minute your physician is going to end up authorized by your personal doctor, you’re very likely to become given a PDF copy which temporary through electronic mail, which you’re well prepared touse. Locating a certified clinical marijuana physician […]

May 24, 2018 More
Kids, Work and Mmj Doctor Online

Kids, Work and Mmj Doctor Online

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Where to Find Adventure Holidays October

Where to Find Adventure Holidays October

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May 17, 2018 More
Using Adventure Travel Vacations

Using Adventure Travel Vacations

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The final word Option for Purchase Essay On-line

The final word Option for Purchase Essay On-line

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