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 […]
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, […]
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 […]
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 […]
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 […]
The average household is £45,000 poorer because the value of their home and savings have crashed in the credit crunch.
A report reveals Britain’s household wealth is the lowest for 40 years. The figures relate to the average family’s assets, which include the value of their home, investments in pensions, shares and individual savings accounts.
The […]
Financial Services Authority officials have been taking particular interest in exposure to Irish institutions.
This is over and above the usual regulatory monitoring requirements, suggesting it has particular concern about the security of these loans - made with the savings of society members.
The FSA’s anxieties centre on the building society sector, which lost a collective £200m […]
Selling a home is a tough task at the moment. Buyers are hunting for bargains and with banks and building societies reluctant to lend many potential homebuyers are struggling to raise finance.
But while sellers could be forgiven for thinking that doom and gloom headlines mean they have no chance of ever shifting a property, […]
The squeeze has become so tight that some middle-class families are pawning diamonds and cars to pay school fees, it has been claimed.
But with some medium term financial planning, there should be no need to take the engagement ring or BMW down to the pawnbrokers.
So what are the best ways to save and pay […]
As the level of compensation offered in Ireland is now higher than the UK, the vast majority of Irish banks are covered solely by the Irish system, not the UK’s Financial Services Compensation Scheme (FSCS).
Many savers are worried about this. Here Richard Dyson addresses the issue…
There are two Irish banks falling outside the UK’s FSCS: […]
© 2008 Daily Financial News