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, […]
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 […]
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 […]
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 […]
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, […]
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: […]
Despite the ongoing stock market bedlam embattled investors appear be taking a more aggressive approach to investing in the next tax year.
Given that the Bank of England has continually been hacking away at the bank rate since last October, the sentiment should arrive with minimal surprise.
With interest rates now standing at a […]
Stockbroker belt towns such as Windsor in Berkshire, one of the most sought-after areas to live in the UK, are among the hardest hit since the recession kicked in.
It is one of 16 towns and cities in the UK where prices have dropped by at least 20%.
Burton-on-Trent in […]
© 2008 Daily Financial News