Department of Energy and Climate Change predicts 3.9 million households in England will fall into fuel poverty this year. Nearly four million households are expected to fall into fuel poverty this year, according to the Department of Energy and Climate Change (Decc). The number of UK households in fuel poverty dropped from 5.5 million in [...]
(Reuters) – British manufacturing output bounced back more strongly than expected in March, although a steep fall in oil and gas extraction and utilities output pushed wider industrial production down, official data showed. The figures did not change the overall drop in economic activity in the first quarter, complicating the Bank of England’s decision later [...]
(Reuters) – House prices fell at their fastest pace for six months in April as a temporary boost from a tax holiday and unseasonally warm weather in March faded, a survey showed on Tuesday. The Royal Institution of Chartered Surveyors’ (RICS) seasonally adjusted house price balance fell to -19 from a slightly downwardly revised -11 [...]
Supermarket giants Tesco, Sainsbury’s and Asda have announced they are cutting petrol prices, but motorists hoping for a 5p reduction following a fall in wholesale prices will be disappointed. Two weeks ago motoring group the AA said drivers could expect prices to fall by 5p from their record highs to reflect a fall in the [...]
Household bills have risen at nearly double the rate of inflation over the last decade, eroding people’s disposable incomes and reducing their standards of living, according to new research. Santander, the bank, found that the cost of household bills rose by 71 per cent between 2001 and 2011, with gas bills trebling and electricity bills [...]
The UK government borrowed more than expected in March, official figures have shown, but still met its borrowing target for the year. Public sector net borrowing, excluding interventions such as bank bail-outs, came in at £18.2bn in March, the Office for National Statistics (ONS) said. However, previous months’ borrowing was revised down, meaning the government [...]
(Reuters) – Britons became more worried about their finances in April as they took home less pay, saw their debts mount and expected living costs to rise over the next year but they felt more upbeat about their job security, a survey showed on Monday. Markit’s headline Household Finance Index fell to 37.0 in April, [...]
Unemployment has fallen for the first time in almost a year, but the number of women out of work has risen to its highest level since 1987. The jobless total fell by 35,000 in the quarter to February, to 2.65 million, a rate of 8.3%, while jobseeker’s allowance claimants increased for the 17th month in [...]
Homeowners are being urged to check their current mortgage arrangements after new research reveals mortgage rates have begun to rise. Analysis by comparison site MoneySupermarket shows that average two and five year fixed rate mortgages and two year tracker mortgages have increased. In addition, a number of lenders have announced hikes in their standard variable [...]
Britain is on the brink of a lasting recovery, according to the Organisation for Economic Co-operation and Development (OECD), as momentum builds in the global economy. The international think-tank said the UK was at a “potential turning point” and declared that the world’s leading economies had “regained momentum” in its most upbeat assessment of the [...]
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