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 […]
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 […]
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 […]
Accountancy giant PricewaterhouseCoopers reckons the total annual tax rise needed because of the deepening black hole in the Treasury finances could reach £25bn.
Its report today, which warns that the banking crisis and recession are placing the public finances under ’severe strain’, follows claims in the Commons last night that Labour’s latest bank bail-out means […]
Gordon Brown and Alistair Darling had insisted the homebuyers’ giveaway would be worth £600m to those struggling to get a foot on the property ladder.
But according to an analysis of figures the year-long tax break is likely to save the taxpayer only £150m.
- Vote: What should we do with stamp duty?
Tory housing spokesman Grant […]
Gordon Brown and Alistair Darling had insisted the homebuyers’ giveaway would be worth £600m to those struggling to get a foot on the property ladder.
But according to an analysis of figures the year-long tax break is likely to save the taxpayer only £150m.
Tory housing spokesman Grant Shapps, who uncovered the statistics, said: ‘Gordon Brown […]
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 […]
With the economy battered by the banking crisis, the Government announced in last year’s Pre-Budget Report that it would cut VAT from 17.5% to 15% in a bid to encourage spending. It came into effect on 1 December 2008 and lasts for 13 months, until 1 January 2009.
The move was predicted to save […]
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 […]
While banking chiefs have come under the spotlight for the huge sums they are paid, the plight of rank and file bank staff who have lost much if not all of their savings, thanks to the spectacular collapse of the industry, has largely been overlooked.
Many banks encouraged their employees to buy […]
© 2008 Daily Financial News