- Tuesday, March 31, 2009, 13:54
- Household Finances
A survey commissioned by the Charities Aid Foundation has revealed interesting insights into the changing financial attitudes of Britons.
Two-thirds of people questioned believe that the economic crisis is giving them a greater insight into the role that charities play in society than before.
The survey, carried out earlier this month, showed that 25% of UK adults have ...
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- Monday, March 30, 2009, 17:17
- Personal Finance
The UK’s biggest supermarket, Tesco, continues to expand its brand with the addition of banking services soon to be offered within its stores.
The announcement was made today, with the in-store banks, Tesco Bank, expected to appear within 30 branches of Tesco by the end of 2009, following a successful pilot scheme in Scotland.
Initially the bank will ...
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- Friday, March 27, 2009, 15:47
- Household Finances
Campaigners in the UK are demanding changes to laws that are seeing private rental tenants become the innocent victims of the credit crunch.
Increasingly, as landlords fall into arrears on their buy-to-let properties, unsuspecting tenants who are up-to-date on their rent are finding themselves homeless due the property being repossessed. Current laws that require tenants only be ...
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- Thursday, March 26, 2009, 12:18
- Energy, Personal Finance
As the price of oil, gas and coal has fallen over the past six months, planned investments in green energy development within the UK have slowed.
The world’s biggest green energy investor, Iberdrola Renewables, withdrew £300 million of planned funding in Britain’s green energy future yesterday. The move equates a 40 per cent drop in investment, and ...
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- Tuesday, March 24, 2009, 18:11
- Carousel, Personal Finance
According to the final quarter survey of 2008, the Hotels.com Hotel Price Index (HPI) shows that hotel prices around the world fell by 12 per cent in the last three months of 2008, compared to the same period during 2007.
The greatest falls were seen in the US (a fall of 12 per cent), while prices in ...
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- Monday, March 23, 2009, 13:02
- Carousel, Energy
Energy regulator Ofgem has released details of its new regulations for energy suppliers.
The new rules will empower consumers to make better and more informed decisions regarding their energy supply, and will deal with flaws in the market revealed by extensive market research carried out by the regulator.
Certain members of society who are the most vulnerable will ...
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- Friday, March 20, 2009, 15:53
- Mortgages
New research from consumer champion Which? reveals UK homeowners to be overwhelmingly worried about job security, negative equity and repossession in the current economic climate.
62% of workers are fearful of losing their job, with 43% worried that if they or their partner lost their job, they would be unable to pay their mortgage.
4.2 million mortgage holders ...
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- Thursday, March 19, 2009, 13:19
- Mortgages
Gross mortgage lending fell 15 per cent during February from the previous month according to a report released by the Council of Mortgage Lending this morning.
Mortgage lending totalled an approximate £9.9billion in February, £1.8billion lower than January, and 60 per cent lower than lending the same time last year. According to the CML, this is the ...
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- Wednesday, March 18, 2009, 17:05
- Mortgages
The FSA has announced a major shake-up of the mortgage market that could see banks banned from offering ‘supersized’ mortgages.
If successful, the proposal, headed by the Chairman of the FSA, Lord Turner, will force homeowners to save a deposit of at least 15 per cent when applying for a mortgage.
In order to impose the suggested regulations, ...
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- Tuesday, March 17, 2009, 11:46
- Carousel
Analysis by PricewaterhouseCoopers shows that each UK adult is now £40,000 poorer than they were in July 2007, when the credit crunch started.
The credit crisis has wiped around £1.9 trillion off UK household wealth in that time, a fall of about 28 per cent, amounting in an overall loss of wealth of approximately 130% of gross ...
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