It's difficult to know where to draw the ethical line in the current economic climate should we be helping stores to stay afloat, or taking advantage of the massive savings to be made?
When it comes to our pockets, I think we all know the answer to that one and handily even […]
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 […]
Savers are being hit hardest, with average branch rates for an instant access account plummeting to just 0.17% in February compared with 2.69% a year ago.
But customers who go overdrawn on their current accounts are being stung by average rates of 18.62%, according to the Bank of England, up from 17.58% this time last […]
Ministers are backing the idea of a ‘cash-for- scrap’ bounty under plans to kickstart the motor industry.
A scheme pioneered in Germany has led to a 21% rise in new vehicle sales in February. By contrast, the number sold here fell by more than 21% last month, the tenth monthly drop in a […]
The vast majority of firms say they have insufficient assets to meet their pension promises, with only 9% of companies still having a surplus.
The figures from the Pension Protection Fund, the body created to bail-out bankrupt pension schemes, revealed a ‘black hole’ of £219bn facing almost 7,800 final salary schemes.
This is up from £191bn […]
Spencer Winfield at stockbroker Charles Stanley replies: Warren Buffett, arguably the most famous US fund manager, once said that to be a good investor ‘one should be fearful when all around you are greedy and greedy when all around are fearful’.
It is presumably with this sentiment in mind that some investors started […]
Due to the recent recession, the whole economy has been jeopardized and lenders are under extreme pressure by the Federal regulators, as well as their investors to turn their bad loans (non-performing assets) to good loans (performing assets).
The process of a foreclosure in the present economy is not an easy job. One hundred percent financing […]
The news comes as the battle to attract savers’ cash Isa money hotted up yesterday, with a best-buy cash Isa launch from Barclays.
However, Barclays was one of the banks mired in cash Isa delays during the spring of 2007 and 2008, after it launched best-buy Isas in March and could not deal […]
Inquiries from new buyers increased for the fourth month in a row during February, rising at their fastest pace since August 2006.
But the up-surge in inquiries, failed to translate into transactions, with the average chartered surveyor estate agent agreeing just 9.5 sales during the three months to the end of February, down from 9.8 […]
The Bank of England cut the base rate from 1% to just 0.5% last week - the lowest level ever.
Though it is devastating for savers, it means many existing tracker borrowers will see the rate they pay on their mortgage fall for the sixth consecutive month. Trackers are popular because the rate paid moves […]
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