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 [...]
Barclays profits jumped 44pc to £3.95bn in the first six months of the year boosted by a sharp drop in bad debts and its investment banking division. The investment bank, Barclays Capital, once again produced the majority of the profits with a trebling in earnings to £3.4bn. Charges for debts that have turned sour fell [...]
Interest rates will have to rise earlier and more sharply than expected to keep inflation under control, two former Bank of England policy-makers have warned. Sir John Gieve, an ex-deputy Governor, and Charles Goodhart, a previous member of the Monetary Policy Committee, are the most senior economists yet to have opposed the current orthodoxy that [...]
As the Telegraph exposes the hidden costs of investing in funds, here are four ways to pay less. 1. Don’t buy direct from a fund manager The golden rule is never to buy directly from the fund management group, which will typically charge you the full initial fee of 5 per cent. Think twice before [...]
A third of all properties for sale have seen their prices reduced amid an uncertain outlook for the housing market, a new survey suggests. The properties have seen their values cut at least once since they were first listed on the market, according to the survey by property website Zoopla. The highest average price reductions [...]
Nearly £13 billion worth of bank notes were destroyed by the Bank of England last year, either by being burned or turned into compost. Figures released by the Bank of England indicate that £12.7 billion worth of notes were destroyed, an increase of 11 per cent. This increase is believed to be fuelled by the [...]
Northern Rock’s so-called ‘bad bank’ made profit from its toxic mortgages in first half of the year while its ‘good bank’ posted a loss. The “bad bank” – Northen Rock (Asset Management) – made a £349.7m profit in the six months to June 30, compared with a £724.2m loss in the same period last year. [...]
Senior US intelligence officials are bracing themselves for possible dismissal after President Barack Obama delivered a blistering verdict on the “screw-up” that nearly resulted in 289 deaths on Christmas Day. Among those most vulnerable are Admiral Dennis Blair, the Director of National Intelligence (DNI); Michael Leiter, head of the National Counterterrorism Centre (NCTC); and Janet [...]
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