Car Insurers Debate Over Future Profits

UK car insurers have been running an unprofitable business for 14 years. Independent market analysts, Datamonitor, say 2009 looks to be a profitable year despite the doubts

March 13, 2008

Budget Report Expectations

Chancellor Darling's Budget Report is expected to raise taxes on alcohol, fuel emissions, flights and many other issues concerning the economy. Tax burdens expected to increase on poorer families

March 12, 2008

Card Fraud Rises Again

Card fraud has increased over past year. Whilst chip and PIN technology has been successful in the UK, criminal activity overseas has increased 77 per cent

March 12, 2008

Tax Cuts Needed To Restore Confidence

Appeals for corporate tax cuts are submitted to the Treasury as it prepares its Budget report this Wednesday. Business and banking sectors are worried about the direction of the UK economy

March 10, 2008

First Time Buyers Take Hit From Stamp Duty

Stamp duty tax has not kept up with the rate of increase in house price inflation over the past decade. Yet another hurdle first-time buyers must leap over to get on the property ladder

March 10, 2008

Read all Finance News

The UK Loan Culture is Secure

The loan culture is secure in the UK. Personal debts are increasing at such a high pace. People are addicted to borrowing loans and they try to finance everything from weekend vacations to the full value of their home.

"This makes them vulnerable to bad credit and debt problems. The cases of home repossession due to default in repayments are also increasing. In the first six months of 2007, around 14,000 properties were repossessed. It calls for a careful approach on the part of the borrowers." As reported by Best Syndication

They continue. "The UK loan market provides different types of loans. If you good knowledge about loan products, it is better. If you don’t have that knowledge, you can research on the Internet. An up-to-date knowledge of the loan market increases your chances of finding cheap loans in the UK. So, go ahead and do your homework properly before taking out any loan."

Even though the debt mountain is starting to strain the UK economy it is not near the breaking point. The number of people who no longer qualify for a personal loan is reaching the straining point. A debt economy needs a continued, high, level of debt to remain healthy.

The decrease in local money is matched by an increase in foreign investment money. Many consumers who do not qualify for a loan from a High Street bank may qualify through a smaller or web based financial lending institution. People are turning to alternative lending institutions in record numbers.

Published on October 1, 2007

Darling's Budget Report Highlights

Chancellor Alistair Darling delivers his first Budget Report yesterday. Highlighted in this article are some of the main points... Read More
March 13, 2008

Lending Falls Again Says CML

The amounts borrowed by first-time buyers and home movers continue to drop as the credit crunch takes further grip on the UK mortgage market. Remortgage activity is on the increase as many switch from fixed-rate deals to tracker mortgages in anticipation of further base rate decreases from the Bank of England... Read More
March 12, 2008

10 Tips To Improve Your Credit

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March 7, 2008

Interest Rates Kept At 5.25%

Yesterday, 6th March, the MPC decided to keep the base rate at 5.25 per cent. This decision was to be expected as the Bank focuses on the pressures of rising inflation and a slowing economy. Analysts are predicting another cut to 5 per cent to happen in May unless economic conditions weaken substantially. Whilst some feel the MPC shouldn't wait too long before the next cut, many agree with yesterday's decision... Read More
March 7, 2008

20 Per Cent Of Homeowners Fear Repayments

The UK's financial watchdog, the FSA, published a survey of over 500 mortgage holders which revealed 1 in 5 are worried about being unable to keep up with their mortgage repayments. It is estimated that 1.4 million fixed-rate or discount deals will expire this year raising monthly repayment amounts. Twenty five per cent of those surveyed admitted they had no contingency plans to meet these costs... Read More
March 6, 2008