As the pound tumbles in value, that age-old tourist activity of fastidiously working out how much every hotel room or jug of sangria costs in pounds and pence is fast going out of fashion.
Why? Because if sterling gets any weaker, £1 may soon be worth exactly €1.
But while this would be happy news for […]
The banks, in which about 300,000 Britons have savings accounts, have issued repeated statements emphasising their strength.
It has even got to the point where the country’s prime minister has had to persuade other financial communities that all is well.
Closer to home, similar fears are prompting UK watchdogs, the Government, banks and building societies to […]
With house prices falling at their fastest rate since records began in 1973, these losses are set to get even bigger in the coming months.
The findings signal that Britain’s buy-to-let bubble has burst - a disaster for those who had counted on property to be their pension.
There are about one million buy-to-let […]
© 2008 Daily Financial News