News Tag: economic recovery
March 17, 2010
The full extent of UK mortgage fraud in the lead up to the credit crisis is probably as yet unknown and signs of economic recovery have prompted the National Fraud Authority (NFA) to remind lenders that they must continue to combat the crime.
According to the NFA, almost £144 billion was loaned in mortgages in 2009, representing an attractive target for criminals.
The ...
Mortgage fraud threat as economy recovers
by Gill Montia
February 9, 2010
Having studied the latest figures from the Insolvency Service, Grant Thornton is predicting a glut of company failures in England and Wales during 2010.
Last year saw a record 4,161 companies placed in administration (up 1.7% on 2008) and the accountancy firm warns: "There is no light at the end of the tunnel for troubled companies that are relying on ...
Growth too slow to halt record company administrations
by Gill Montia
November 23, 2009
Speaking today at the annual conference of the Confederation of British Industry (CBI), Prime Minister Gordon Brown told business leaders that in order to sustain economic recovery, financial stimulus measures will be kept in place for as long as necessary.
The PM warned that economic recovery would be put at risk if official support was withdrawn too early.
"Choking off ...
PM warns against early withdrawal of stimulus measures
by Kay Murchie
August 24, 2009
US light crude hit $74.49 (£45) a barrel by afternoon in Europe today - after reaching $74.81, its highest intra-day price in ten months, on the back of increasing demand.
Meanwhile, London's Brent crude was 16 cents higher to $74.35 a barrel.
This resulted in stock rising in BP, Royal Dutch Shell, BG Group and Cairn Energy, all ...
Oil price hits 10-month high on back of economic recovery
by Kay Murchie
August 20, 2009
Homeowners will be forced to "scramble around" for good value fixed-rate mortgages in the future as interest rates "fly up", an industry expert has warned.
Jacqueline Thornton, financial planner at Re-Financial Planning, said householders that are currently happy to benefit from currently low-priced standard variable rate mortgages will struggle to find a reasonably priced fixed-rate deal when the Bank of England ...
Expert predicts mortgage “scramble” as rates rise
by David Masters
August 11, 2009
The Royal Bank of Scotland (RBS) warned this week that the UK's economy will not start recovery until 2011.
Stephen Hester, chief executive, expects unemployment to continue rising.
The journey to economic recovery will be a "marathon" rather than a "sprint", Hester said.
"I believe we are coming out of the problems but when we start coming out it doesn’t mean that ...
RBS: No economic recovery until at least 2011
by David Masters
March 30, 2009
Five trillion dollars that has been allocated to sustainable investing strategies could form the core of an economic recovery, two financial experts have predicted in a book released this week.
Cary Krosinsky, vice president of Trucost Plc, and Nick Robins, head of the HSBC Climate Change Centre for Excellence, estimate that sustainable investing funds - focused on helping the environment and ...
Sustainable investments ‘the answer’ to global downturn
by David Masters
