Guardian Unlimited | The Guardian | M-Day sees 200 firms stop trading More than 200 firms of mortgage brokers have pulled out of the industry after failing to meet strict new rules, the Financial Services Authority said yesterday as it marked the first full day of statutory regulation of the industry.
UK Economy finance news: Interest rates may rise again Interest rates could be set to rise again this month, a new survey has suggested.
this is bath: CITY HOMEOWNERS HOLD ON TO THEIR HOUSES An Increased number of homeowners are being faced with the threat of losing their homes this year after falling into mortgage arrears. But, although the number has increased, the number of repossession orders being made in Bath and north east Somerset l is still well below the national average, according to the latest figures published by the Government's Department for Constitutional Affairs.
Headline news from Sky News: FIRMS STILL CONFIDENT Businesses in the UK remain confident of strong economic growth well into next year, a survey has claimed.
Headline news from Sky News: PAPERING OVER THE CRACKS Homeowners are becoming adept at covering up their property's flaws before putting it on the market, according to research.
ic Birmingham - Recession likely if 30-year rule holds A recession could be staring the world's major economies in the face by next summer if history repeats itself and a 30-year rule holds true that output slumps after oil prices spike.
BBC NEWS | Business | Credit card 0% offers 'will end' UK credit card firms lose about £1bn a year by offering 0% or low interest transfer rates to poach new customers, an accountancy firm has said.
Economist.com: Britain's economy Domestic consumer spending, sustained by a housing bubble, kept Britain out of recession, but added to worries about its savings rate. In February 2003, the Bank of England cut its growth forecast, and in July 2003 Mervyn King, the bank's governor, slashed interest rates to their lowest level in 48 years, even though inflation was already above its target.
ThisisLondon: Rate rises 'not over yet' A STRONG warning of another rise in interest rates will be published tomorrow, ahead of this week's meeting of the Bank of England's Monetary Policy Committee.
Guardian Unlimited Money: Economics guru warns of end to spending spree Britain's long-running consumer boom will come to an end in 2005 as a slowdown in the housing market forces a bout of belt-tightening, economist Roger Bootle warns today.
Sunday Times: Slowdown? What slowdown? Base rate might rise to 6%
High money growth risks another boom-bust cycle and most forecasters are being too complacent, argues Tim Congdon
The Observer | Business | Economics guru warns of end to spending spree: " UK economy for accountant Deloitte and Touche, Bootle predicts that consumer spending will grow by just 1 per cent next year, the slowest pace since 1992, when the economy was in deep recession.
Times Online - Flight from buy-to-let may spark crash NERVOUS landlords are selling their buy-to-let properties as interest-rate hikes begin to bite. New investors are not coming forward to plug the gap, raising fears that a retreat from buy-to-let could trigger a plunge in house prices.
