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, […]
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 […]
It also predicts a deep recession lasting throughout next year and a ‘very real probability’ that Britain will go bankrupt.
The report leaked yesterday from financial analysts Numis Securities says that the collapse in house prices is not ‘anywhere near over’.
They have already fallen 21% from their peak, but the report says they will slump […]
HSBC has launched a pioneering ethical investment Isa which offers Brits the opportunity to make money and at the same time help vaccinate children and save lives in the poorest countries of the world.
The bank is looking to raise at least £50m through its Vaccine Investment Plan and Vaccine Investment Isa. […]
Audit Commission chief executive Steve Bundred, who oversees public sector spending, said that without drastic action, the sheer scale of Labour’s borrowing would lead international investors to pull the plug on the UK.
In a rare criticism of government economic policy, Mr Bundred said that planned levels of borrowing would mean debt would exceed 65% of […]
In a dramatic U-turn, the state-owned bank will resume lending on a major scale after a year of driving away customers and slashing the number of outstanding loans.
The move will offer new hope to prospective buyers struggling to raise finance. It is now virtually impossible for would-be buyers to borrow more than 75% of […]
The Prime Minister appears to be preparing a last-ditch attempt to boost the Government’s popularity by forging a ‘grand bargain’ for tackling the downturn at a G20 summit of world leaders in London in April.
As part of his global blueprint, Mr Brown called for major economic powers to boost the coffers of the International […]
German gross domestic product fell 2.1% in the final quarter last year - its third successive fall and the worst performance since reunification in 1990.
‘This is really Friday the 13th,’ declared Carsten Brzeski, an economist at ING Financial Markets. ‘It did not come as a surprise but still it is shocking. The only positive […]
Ed Balls, the Children’s Secretary, who was Mr Brown’s chief economic adviser for a decade, said: ‘The economy is going to define our politics in Britain in the next year, the next five years, the next ten and even the next 15 years.
‘These are seismic events that are going to change the political landscape.’
Speaking […]
Savers looking to switch funds from cash accounts need to protect their capital and while there are good returns to be found they must do their homework.
Finding good dividends
Choosing a good income paying company is not as easy as simply opting for the stocks with the highest percentage dividend.
That dividend needs to be […]
© 2008 Daily Financial News