Two million people have used their credit card to pay their mortgage or rent, up 50 per cent in a year, charities have warned. The survey by Shelter shows the drastic measures households are taking to keep a roof over their head amid a sharp rise in the cost of living. The charity predicted many [...]
House prices are to edge lower at the beginning of 2011 after falling 2 per cent this year, estate agents have warned. The Royal Institution of Chartered Surveyors said the overall outlook for the housing market in 2011 is likely to be the same as this year, with much resting on the economic outlook and [...]
UK Government borrowing fell sharply in July, although the country continued to sink further into debt. The Government borrowed £3.8bn over the month, down from £14.7bn in June, £18.4bn in May and 6.1bn in July last year, according to figures from the Office for National Statistics (ONS). It brings public borrowing for the four months [...]
More than one million home owners on an interest-only deal face a sharp price rise when their current deal expires. Banks and building societies are increasingly nervous about offering these deals to borrowers, ahead of new lending rules, designed to curb excessive lending. Coventry Building Society has become the latest mortgage lender to stop offering [...]
Britain faces a weaker economic recovery and higher inflation for longer than previously hoped, the Bank of England forecast today. Economic expansion will peak at 3pc next year, weaker than the 3.6pc the Bank was expecting just three months ago. Today’s Inflation Report also forecast that the level of prices will remain above the Bank’s [...]
The number of people declared insolvent has risen as the credit crisis marks its third anniversary. A total of 34,743 people were declared insolvent during the three months to the end of June, 5 per cent more than during the same period a year earlier, according to the Insolvency Service. The figures are lowered than [...]
Naomi Campbell, the model, admitted that she was given “dirty rocks” by the former Liberian ruler Charles Taylor as she gives evidence at his war crimes trial. She told the court she handed the gems to a colleague and told him to “do something good with them”. She said she had wanted them to be [...]
A proposed limit on contributions could hit even those earning modest salaries. On the same day that BP revealed that its beleaguered chief executive, Tony Hayward, would walk away with a £600,000-a-year pension, the Government unveiled plans to severely restrict the amount of money people can save tax-free into one. The Treasury is proposing an [...]
Middle income families face being £1,000 worse off a year amid “savage” rises in the cost of living and slow wage growth, it was revealed yesterday. The sharp increases in everyday items such as food and clothing means it could get “messy very quickly” for households, experts warned. The warning comes after the cost of [...]
The shortage of country houses on the market has led to more flamboyant barn conversions, says Caroline McGhie . A new Leviathan has arrived in the property market. It was born out of the boom years, funded by the new rich of the Blair era, for whom there were not enough big country houses to [...]
© 2009
Finance Behavior. All Rights Reserved. Terms under which this service is
provided to you. Privacy Policy. Advertising Practices. News, articles, advice and guides from everyday money issues to how to grow
your money. Covering all
aspects of personal finance, FinanceBehavior.co.uk
offers independent news and views and blogs.
