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31st of August 2010
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News Tag: analysis

April 13, 2010

Hung parliament good for the economy

by David Masters
Hung parliament good for the economy
A hung parliament would not necessarily be bad news for the UK economy, a number of financial experts have claimed. Melanie Baker, economist at Morgan Stanley, said because all the parties have a similar approach to the economy, a coalition government is likely to quickly agree on reducing the deficit. "The ultimate policy outcomes may not look that different, particularly with all major ...



September 26, 2009

Crisis a window of opportunity for social investors

by David Masters
”Crisis
The financial crisis has made people aware of the need for businesses to take a stand on social issues and help combat inequality, an investment expert has claimed. Sir Ronald Cohen, founder of private equity firm Apex Partners, believes the credit crunch will help shine the spotlight on social investments, which use financial tools to improve society. Speaking in an interview ...



September 22, 2009

Consumers use spare cash to pay off debt

by David Masters
”Consumers
Consumers are using their spare cash to pay off debts rather than stashing it away in a savings account, Moneyfacts has observed. Michelle Slade, spokesperson for the consumer advice site, said many people are using money they're saving due to low interest rates on mortgages to pay off personal loans and credit cards. Slade believes low-interest rates on savings accounts are ...



September 16, 2009

First time buyers charged “obscene” interest rates

by David Masters
First time buyers charged
Lenders continue to offer mortgages at an "obscene" rate of interest despite the cost of interbank borrowing falling to a record low. Paul Holmes, chief executive of first-time buyer advice site Firstrung, said lenders have "no excuse" for the rates they are charging. Banks and building societies are simply using record low interest rates to boost their profit margins, Holmes claimed. Although some ...



Ethical investments “not always rubbish”

by David Masters
”Ethical
Ethical investments aren't always rubbish, investment advice site The Motley Fool claimed this week. Fool.co.uk journalist Harvey Jones made the claim following reports that ethical funds dropped by an average of 16.7% in the past year compared to an average 12.4% fall on non-ethical funds. However, looking back to figures from 2007, Jones noticed that ethical funds outperformed their non-ethical counterparts by 29%. "[Ethical funds] ...



September 10, 2009

Consumers see few benefits from low base rate

by David Masters
”Consumers
Consumers have seen very little benefit from the Bank of England holding its base rate at a record low of 0.5% for six months, a consumer advice site pointed out this week. Interest rates on savings accounts have dropped, while rates on mortgages, credit cards, and personal loans have continued to rise, said Moneyfacts.co.uk. Research by the site found interest rates ...



June 12, 2009

Is the recession over already?

by David Masters
Is the recession over already?
Britain's recession may already have ended, according to a new report. Economic output in the UK re-entered growth during April and May, a government funded thinktank has revealed. Gross Domestic Product (GDP) grew 0.2% in April and 0.1% in May, the National Institute for Economic and Social Research (NIESR) claimed. If this growth continues through June, and is confirmed by official quarterly statistics in July, ...



April 29, 2009

New ISA limits ‘all sizzle and no sausage’

by David Masters
”New
Government plans to help elderly savers by increasing the limit on tax-free savings will have little effect, a financial expert has warned. Kevin Mountford, savings expert at Moneysupermarket.com, said the increased limit on cash ISAs - from £3,600 to £5,100 - is worth a paltry £1.89 in tax savings on interest payments. The £1,500 increase - which applies to savers over-50 ...



April 20, 2009

CaxtonFX expects sterling’s rise to continue

by David Masters
CaxtonFX expects sterling's rise to continue
Sterling started its fight back against the euro and the dollar in recent weeks, and analysts at CaxtonFX expect this trend to continue. Currency exchange provider CaxtonFX pointed out that last week's stock market rallies and a 5% rise in the FTSE 100 banking index caused sterling to rise to €1.13 and above $1.50. By comparison, the group expects the euro and the ...



March 17, 2009

First time buyers pay record deposits

by David Masters
First time buyers pay record deposits
First time buyers are paying record deposits as lenders make it even more difficult to take out a mortgage. Figures from the Council of Mortgage Lenders (CML) show that a typical first time buyer now has to put down a deposit of 24% - the highest percentage since records began in 1974. With the average house price at £160,429, first time buyers are ...



March 11, 2009

Warren Buffett: US Economy has ‘fallen off a cliff’

by David Masters
Buffett: US Economy has 'fallen off a cliff'
Billionaire investor Warren Buffett this week said the US economy had 'fallen off a cliff' and warned that a rebound could trigger inflation more drastic than that experienced in the late 1970s. The 78-year old owner of insurance and investment firm Berkshire Hathaway spoke live on US cable network CNBC. "Not only has the economy slowed down a lot, but people ...



February 27, 2009

ISAs best for savings despite falling interest rates

by David Masters
”ISAs
ISAs are best for savings despite falling interest rates Savers should make the most of their money by saving in a tax free ISA, moenysupermarket.com said on Wednesday. Calculations by the price comparison site found that savers who have used their full ISA allowance for the past 10 years will be £2,700 better off than a basic level taxpayer who saved ...



February 9, 2009

Base rate cuts insufficient to revive economy

by David Masters
”Base
Base rate cuts alone may not be enough to revive the UK economy, Lloyds TSB has warned. Trevor Williams, an analyst at Lloyds TSB, said the Bank of England must start thinking about alternative stimuli. The 'economic woes' that led to last week's base rate cut 'will not disappear overnight', said Williams. With the base rate at a record low, "the UK needs ...



January 30, 2009

Millions in negative equity

by David Masters
Millions in negative equity
The worst housing market crash since records began has left an estimated 1.2 million households in negative equity, according to Nationwide Building Society. The average house price has dropped from £186,050 at peak in October 2007 to £150,500 today, a fall of over £35,000. This month alone, prices fell 1.3%, or £2,500. At current house prices, anyone who bought their home since 2003 paid more than ...



December 29, 2008

UK Economy: Welcome to the 1940′s

by David Masters
UK Economy: Welcome to the 1940's
The UK is heading into the worst recession since 1947 according to analysts at the Bank of America and Capital Economics. Economists at the two institutions estimate that the UK's economic output could shrink by as much as 2.5% in 2009, putting Britain into the most severe economic decline for over 60 years. The prediction followed dismal news from the Office for National ...




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