Finance News

Battle Of The ISA’S

Competitive tax-free ISAs are being introduced to help stir up consumer confidence during the credit crunch and slowing property market. How long will they last?... Read More

First-Time Buyers Hit Hard By Credit Crunch

First-time buyers are finding it more and more difficult to obtain an affordable mortgage, according to statistics from the last quarter of 2007. RICS economist expects relief as earnings continue to rise... Read More

Are Mortgage Defaults On The Rise For 2008?

Following recent surveys, the Bank of England warns that the first quarter of 2008 will see a rise in mortgage defaults. Recent market turbulence sparks hope the Bank will reduce rates this week... Read More

5 More Years For Mr King

Recent criticism over the handling of the Northern Rock crisis didn't sway Chancellor Darling's decision to reappoint the governor of the Bank, Mervyn King, to a new contract beginning this June... Read More

Financial Market Disruption And The UK Economy

Financial market disruption and the higher cost of energy and food are putting pressure on inflation and the UK economy. Short term inflation expectations are said to be 'uncomfortably high'... Read More

House Prices On The Decline

House prices are expected to flatten out, or possibly continue to drop, according to forecasts. However, pressure on the MPC to cut the base rate could see a price recovery in 2009.... Read More

Will The Bank Of England Cut The Base Rate In February?

The Monetary Policy Committee meets this week to discuss whether another cut in the base rate is on the cards. Whilst a drop to 5.25% is expected, many analysts believe it won't be enough... Read More

Deadline Day For Northern Rock Bids

Monday, 4th February, marks the deadline for the government to declare the major bidders to takeover the failed bank Northern Rock... Read More

Bank of England Will Not Save City Jobs

As the US officially announces they are in a recession, some major companies are letting people go in response. Citigroup will be cutting back their labour force as shares fell to lowest levels since 1998... Read More

Brits Rush Into Mortgages

According to a recent survey Britons rush into buying mortgages without spending enough time to search for the most economical deal, or they remain in a current mortgage despite being able to save... Read More