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House Prices Take a 3.1% Tumble in the UK
The asking price for houses has been decreased by 3.1 percent in the month of October according to figures released by RightMove, a website for properties for sale and for rent. The average price of a...
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Banks Conduct Dry Runs for Possible Shutdown During London 2012 Olympics
Different banks and other financial institutions in the city of London are conducting tests in order to see how they will be able to cope should there be any possible major disruption during the...
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Why Payday Loans are So Popular, and Why The APR is so High
Payday Loans are without any doubt one of the easiest and fastest loans out there at the moment and that’s why this type of loan is growing from strength to strength in the financial lending markets,...
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MPs Call for Support for Smallest Businesses
Smallest business in the United Kingdom need all the support that they can get more than how the government supports small and medium sized companies, according to some Members of the Parliament. MPs...
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UK Borrowing Costs Drop Below That of Germany’s
The implied cost of borrowing for the British government has gone down to a level below Germany’s for the first time in the last two and a half years. As an example, if the UK needs to take a loan ten...
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Osborne to Back Up £40B Credit Easing Loans
Chancellor George Osborne is set to announce the new credit easing schemes that are designed to release £40 billion worth of loans to small businesses. According to the Chancellor, “We will underwrite...
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House Prices decline Faster in October
House prices in the UK seem to fall faster during the month of October at 3.2% compared to a year ago, according to figures on house prices in England and Wales from the Land Registry. During October,...
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Osborne Announced 1% Pay Rise Cap as UK Economy Slows Down
Chancellor George Osborne has announced that the salary increase in the public sector may be capped at 1 percent for two year as he decreased the economic growth predictions for the economy of the...
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Housing Market to Rise in 2013
The housing market in the UK will most probably pick up by the year 2013 after suffering from stagnation in the last few years, according to predictions that have been made by the Office for Budget...
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Bank of England Warns About “Extraordinarily Serious” Economic Situation
Banks in the UK should prepare themselves for the “extraordinarily serious and threatening” economic crisis that is bound to hit the country, according to Sir Mervyn King of the Bank of England....
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Tax Changes to Affect Families with Children
Families in the UK that have three or more children will feel the effects of the changes in tax and benefits that are set to reduce the deficit, according to a report revealed by the Family and...
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UK Service Sector Grew in December
The service sector in the United Kingdom increased its activity during the month of December. Analysts recorded that the fastest rate of growth was during the last month of the year compared to the...
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New Rules for Credit Union Now Enforced
New rules have been created and are now enforced in order to free up credit unions and enable them to function more effectively along with big financial institutions. The changes are made under the...
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New Retirees in the UK to Have Lower Pensions this 2012
Senior citizens in the UK who are going to retire soon should not expect to receive high pensions compared to those who have retired in the last four years. According to a survey done by Prudential...
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Interest Rate in the UK Remains at 0.5%
Interest rates in the United Kingdom are still at it the record low 0.5 percent according to the Bank of England’s Monetary Policy Committee. The 0.5 percent interest rate has been kept since March...
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Tax Officers Will Have a Strike on Monday
About 20,000 tax advisers will conduct walkouts and strikes on Monday due to alleged privatization. Workers in call centers and inquiry offices for tax returns will also conduct a similar strike on...
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Inflation Rate in the UK Declines to 4.2% in December
The inflation rate in the United Kingdom has fallen sharply during the month of December due to the decrease in the prices of petrol and clothing. The Consumer Prices Index inflation has declined to...
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House Rent Declined by 0.8% Since November
Renting a home in England and in Wales has now gone down for another month this December, according to LSL Property Services. The average rent is now down by 0.8 percent compared to £711 per month...
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Wide Gap Between Economies in Cities Now Apparent
There has been a big difference in economic performances in various cities and towns in the United Kingdom according to a report presented by the Centre for Cities. In Cambridge and Hull, the number of...
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UK Government Debt Reaches £1 Trillion
The government debt of the UK has gone up to a record breaking £1 trillion from £883 billion from the past year. Even when this is the current figure, Chancellor George Osborne is still determined to...
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