Archive for November, 2009

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Recession turns parents into driving instructors

Recession turns parents into driving instructors
Learner drivers are increasingly finding themselves forced to rely on amateur instructors to help them pass their tests as the economic downturn makes the cost of driving lessons to high for many. Research from uSwitch.com shows that learning to drive with a qualified instructor now costs an average of £1,127, but over ...
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Five house hunters for every property on the market

Five house hunters for every property on the market
Demand is exceeding supply across the UK housing market, with estate agents registering five house hunters to every available property, according to the latest report from the National Association of Estate Agents (NAEA). The monthly market survey from the NAEA found that the average branch had 287 house hunters on its books in ...
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Individual insolvencies up 28%

Individual insolvencies up 28%
Statistics showing insolvencies in the third quarter of 2009 were published today by the Insolvency Service. There were 35,242 individual insolvencies in England and Wales in the third quarter of 2009. This was an increase of 28.2% on the same period a year ago. This was made up of 18,347 bankruptcies (which were up 6.4% on the ...
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Child trust funds most widely used savings scheme

Child trust funds most widely used savings scheme
New figures released today suggest that the Child Trust Fund (CTF) is the most successful savings scheme in the UK. This is according to CTF provider, The Children's Mutual. The Children's Mutual performed analysis of the HM Revenue and Customs (HMRC) 2009 CTF report released yesterday. The analysis reveals that families ...
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Bank of England maintains bank rate at 0.5% and increases quantitative easing

Bank of England maintains bank rate at 0.5% and increases quantitative easing
The Bank of England's Monetary Policy Committee today voted to maintain the official Bank Rate paid on commercial bank reserves at 0.5%. The Committee also voted to continue with its programme of asset purchases financed by the issuance of central bank reserves and to increase its size by £25 billion to £200 billion. According to the official report issued following the decision: "The medium-term prospects for output ...
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Consumer confidence holds steady

Consumer confidence holds steady
The latest figures from the Nationwide reveal that its Consumer Confidence Index - a measure of consumer feelings about the economy - remained unchanged in October, staying level at 72 points. The Expectations Index fell by two points to 106, but confidence in the present situation continued to return and recorded a three point rise over ...
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UK workforce suffer from record levels of stress

UK workforce suffer from record levels of stress
Record stress levels are being reported by British workers, according to a new warning from GPs and new research from Aviva UK Health. New figures show that over six in ten (61%) workers are saying that the current economic climate is making them feel increasingly stressed and under pressure. These claims, released today to mark ...
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Bank warns homebuyers to be ready for 2010 return of Stamp Duty

Bank warns homebuyers to be ready for 2010 return of Stamp Duty
The Nottingham has issued a statement warning homebuyers to be ready for 2010 reintroduction of Stamp Duty. The lowest stamp duty threshold was temporarily raised from £125,000 to £175,000 on 2nd September 2008, and is due to return to normal 31st December 2009. As such, the Nottingham is urging anyone who is thinking of buying a home worth up to £175,000 to act now, ...
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Extra help with housing costs for working families

Extra help with housing costs for working families
200,000 working families will gain about £1,000 a year, thanks to new rules around Housing and Council Tax Benefits that came into force yesterday. The Department of Work and Pensions has stated that the changes, announced in the Budget 2008, will make eligible families an average of £20 a week better off. From Monday 2nd ...
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Read before you sign: energy consumers warned to read T&Cs carefully

Read before you sign: energy consumers warned to read T&Cs carefully
A new consumer survey conducted by Which? Switch has revealed that around half of energy customers don't read, or only glance at, the terms and conditions of their contracts when they changed their energy supplier. Which? Switch is now warning consumers looking to switch this autumn that they need to read the terms ...
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