Archive for March, 2009

17 Mar

Student fees hike could mean 50k debt

Some students would find themselves with debts of £50,000 which they could be paying off into their 50s.
Middle-income families would be worst hit, as they would just miss out on financial support from bursaries, grants or means-tested loans. The costings, prepared by university chiefs, will be hugely influential as the Government prepares to review […]

16 Mar

Figures show house prices rose in January

The average cost of a home in the UK rose by 0.2% during the month to stand at £195,724, according to the Department of Communities and Local Government.
But properties lost a record 11.5% of their value during the year to the end of January - the 15th month in a row that the annual […]

16 Mar

Oil firms ‘not passing on saving to motorists’

The latest Daily Mail Cost of Living Index reveals prices paid at the pumps are lagging behind the 55% fall in the value of crude oil. Diesel has come down by just 7% in a year.
The European Commission has launched an inquiry, following an official complaint from the European umbrella organisation for motoring groups, […]

16 Mar

Will I get anything if I’m made redundant?

It depends on whether you are regarded as an employee or as an agency worker. If it’s the latter you may end up with nothing.
If you’ve worked through an agency for the same employer for some time you may be classed as an employee, but you should take a close look at your contract.
If you […]

16 Mar

Ten jobseekers chase each vacancy

Ministers were on the defensive last night over claims that unemployment was climbing sharply in areas where Jobcentres were closing and will exceed two million this week.
The Government is diverting hundreds of officials from other posts to serve as welfare advisers. Nearly 1,000 civil servants working on child maintenance and disability claims have been […]

16 Mar

First eBay millionaire: ‘I started in a shed’

But his tiny eBay shop soon became a major success, selling everything from mobile phone accessories to protein supplements.
Now the garage has made way for a massive warehouse and 30-year-old Mr Radcliffe has become the UK’s first eBay millionaire.
He owns a £700,000 home with a £150,000 Ferrari and a £118,000 Aston Martin in the […]

16 Mar

A boomer’s hindsight of the financial crisis

The two major markets, stock market and the property market have tumbled tremendously as a result of the financial crisis. Bank has adopted strict policies that have tightened the outgoing loans and it has aggravated the whole economy with its credit crunch. Most of the people’s 401K accounts have started shrinking and they are getting […]

15 Mar

What can I do about failing funds?

Their combined current value is now only £49,000 and decreasing.
Should we pull out what is left and reinvest elsewhere or sit it out until the five-year term is up? M.B., Folkstone, Kent
Danny Cox, head of financial planning strategy at independent financial adviser Hargreaves Lansdown, replies: You are right to review your investments and […]

15 Mar

Inflation and deflation: the twin threats

Experts are battling to interpret data and use it to predict the next turn of events, but few, if any, foresee a swift return to stability and growth.
However, a rift is forming between those who fear a resurgence of inflation, sparked by rampant government spending, and those who fear the opposite - a long […]

15 Mar

Nationwide isn’t so different from banks after all

But Nationwide, the country’s biggest building society, stands accused of hypocrisy and acting just like a bank over its plans to pull out of Bagshot, Surrey, depriving villagers of their only bank or building society branch.
Nationwide announced the closure of the branch at the beginning of the month by putting up a poster […]

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