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Unemployment rises above 2.5 million

Unemployment rises above 2.5 million
Unemployment has been pushed above 2.5 million by the first wave of the public sector jobs cull. Women have borne the brunt of the cuts with female unemployment now at a 20 year high. Figures published by the Office for National Statistics (ONS) reveal that more than one million women are now without a job, the ...
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Survey says 2011 will be a good year to buy a home

Survey says 2011 will be a good year to buy a home
Consumers believe that the best time to enter the housing market will over the next year. Research carried out by the Building Societies Association (BSA) found that 59% of people would buy property immediately or within the next year given sufficient resources despite falling house prices. A further 11% of those asked said that ...
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Student Loans Company took £15 million of overpayments

Student Loans Company took £15 million of overpayments
The Student Loans Company (SLC) has continued to take payments from graduates who have already paid off their loans, it has been revealed. More than £15 million was taken from the wage packets of former students last year and some 57,000 were waiting for a refund for the year to March 2010, according to the consumer ...
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Inflation shows no sign of slowing

Inflation shows no sign of slowing
The cost of living rose again in November as inflation hit 3.3%. Increases in the cost of food and clothing items helped push the Consumer Price Index (CPI) up from 3.2% in October, keeping it well above the Bank of England’s target of 2%. City commentators had expected the rate to remain unchanged. The continued upward pressure ...
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Rail strikes heap further misery on high street

Rail strikes heap further misery on high street
Boxing day sales and holiday travel plans could be thrown into disarray if a series of proposed rail strikes go ahead over the Christmas period. High street retailers, restaurants and bars face further misery after bad weather interrupted pre-Christmas sales as thousands of rail and tube workers plan to walk out in a row over pay and conditions. London Underground drivers voted in favour of taking action ...
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Millions face eviction or repossession

Millions face eviction or repossession
Research carried out by the housing charity found that the number tenants and homeowners in arrears had doubled over the past year and that Britain faced a rise in the number of homeless. Some 3% of households surveyed by the polling origination YouGov admitted to currently being in arrears with their rent or mortgage ...
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Scrapping default retirement age will result in jump in tribunal claims, says CBI

Scrapping default retirement age will result in jump in tribunal claims, says CBI
The CBI has warned the government that it must delay changes to the retirement age that are due to come in to force next year. From April, employers will no longer be able to force workers into retirement at the age of 65. The CBI argues that businesses face huge uncertainty and a greater exposure to ...
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Lenders risking recovery, warns Bank of England

Lenders risking recovery, warns Bank of England
Banks refusing to make funds available to households and businesses are putting the economic recovery at risk according to a report by the Bank of England. The findings directly contradict claims by senior bankers that the reason for weaker lending is a result of less demand to borrow since the beginning of ...
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British Gas prices up by 7% today

British Gas prices up by 7% today
Millions of British Gas customers who are not on a fixed tariff face price rises of 7% from today in what could be one of the coldest Decembers on record. Consumer groups are urging the energy supplier’s customers to shop around to see if they can get a better deal on their gas and electricity elsewhere ...
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FSA spent up to £270,000 a year on Xmas parties

FSA spent up to £270,000 a year on Xmas parties
The Financial Services Authority (FSA) has spent over £600,000 on Christmas parties since the beginning of the credit crunch. Britain’s financial regulator, which is the coalition government plans to break up, was forced to reveal details of its lavish festive celebrations under the Freedom of Information Act provoking fury from consumer groups ...
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