Thursday, May 04, 2006 

Are debt charities becoming more vocal? 

Daily Mail - Vorderman criticised over TV ads

Debt charities today urged television presenter Carol Vorderman to stop promoting companies that offer debt consolidation loans that put people's homes at risk. Credit Action said Vorderman's profile could cause people to think debt consolidation was suitable for them when it was not.
posted by Uncle Chris  @ 3:40 PM 5 comments

The future's bright, but not with Orange 

Telegraph - Orange axes up to 2,000 UK jobs

Mobile phone giant Orange is to axe between 1,800 and 2,000 jobs in the UK as it takes the knife to costs following the integration of its Wanadoo UK Internet business. The France Telecom-owned company said its cost base needed to be 15pc leaner.
posted by Uncle Chris  @ 2:28 PM 0 comments

No change for UK interest rates 

Guardian - Interest rates remain unchanged

The Bank of England today left interest rates at 4.5% for the ninth month running, amid signs of a recovery in the UK manufacturing sector and suggestions that the next move may be upwards.
posted by Uncle Chris  @ 12:37 PM 5 comments

Halifax bucks the trend 

This is Money - Halifax says spring house prices up £4,000 - UK housing market picks up speed

Britain's biggest mortgage lender Halifax said prices surged by 2% last month, the largest monthly increase for two years, pushing annual inflation up to 8%.
posted by Uncle Chris  @ 11:40 AM 17 comments

Worrying reading on the UK debt mountain 

Credit Action - April debt statistics update

According to the Council of Mortgage Lenders (CML) total household debt has grown sharply as a percentage of disposable income over the past decade and currently stands close to 150%. At the end of 2005, the secured debt to income ratio was 121%, compared to 80% in 1995. And the unsecured debt to income ratio was 24%, almost double that of 10 years ago.
posted by Uncle Chris  @ 11:06 AM 1 comments

Wednesday, May 03, 2006 

CEBR expects house price inflation of 6% 

My Finances: House prices to rise 6%

House prices in the UK could rise six per cent this year, a new report finds. While this is far less than the returns experienced in the last decade, a six per cent rise is faster than many analysts predicted at the start of the year.
posted by Webmaster  @ 10:59 PM 7 comments

Rates rise again in Oz 

ABC News (AUS): Rates rise will hurt consumer spending, retailers warn
NZ Herald: Interest rates to rise across Tasman

The retail industry says it is shocked by the latest rise in interest rates. The Reserve Bank has decided to lift rates by 0.25 per cent.
posted by Webmaster  @ 10:28 PM 4 comments

Tuesday, May 02, 2006 

Which direction for BOE rates? 

Telegraph - Strong housing ends rate cut hopes

Hopes for another cut in borrowing costs are rapidly disappearing, amid fresh figures showing that mortgage lending is soaring, consumers have taken to the shops again and even the long-forgotten manufacturing sector is back on form.
posted by Uncle Chris  @ 4:17 PM 36 comments

Roll up, roll up, UK for sale! 

National Statistics - Foreign buyouts of UK companies on the increase [PDF]

Expenditure on acquisitions in the UK by foreign companies increased from £15.5 billion in quarter four 2005 to £19.4 billion in quarter one 2006. Expenditure on acquisitions abroad by UK companies decreased from £13.8 billion in quarter four 2005 to £6.8 billion in quarter one 2006.
posted by Uncle Chris  @ 1:06 PM 0 comments

Declining birthrate yet not enough houses? 

Guardian - Britons put work and fun before babies

Britain's low birthrate is being driven by a generation of potential parents who would rather get rich and have fun than start a family, according to a Guardian/ICM poll published today.
posted by Uncle Chris  @ 10:28 AM 15 comments

More mortgages taken out in March 

Reuters - Mortgage approvals up in March

The number of mortgage approvals for home purchases jumped in March to its highest level in nearly two years, British Bankers' Association data showed on Tuesday. BBA director of statistics David Dooks said the data were likely influenced by the fact that there were more working days in March.
posted by Uncle Chris  @ 10:11 AM 0 comments

Commercial property benefits from foreign investment Mideast investors boost UK property activity

Middle East investors spent £1.3bn ($2.4bn, €1.9bn) on the UK commercial property market last year - twice the amount they invested in2004 - as they continue to redirect funds away fromthe US.
posted by Webmaster  @ 7:29 AM 2 comments

Society of debt 

The Observer: Eight million owe more than £10,000

A report on the record levels of personal unsecured debt.
posted by Webmaster  @ 7:27 AM 18 comments

Monday, May 01, 2006 

Barclays Boss takes out mortgage with HSBC 

Sky News: Bank Boss Takes Out Rival Mortgage

The boss of Barclays has taken out a mortgage with rival HSBC, it has emerged. Barclays chief executive John Varley mortgaged his £1.5m town-house in London with HSBC last year, according to the Sunday Times.
posted by Webmaster  @ 10:02 PM 0 comments

April boom in London and the South-East 

Hometrack - House prices rise 0.6% over April
Sky News - London drives new boom
This is Money - Lack of homes boosts prices
MSN - House prices rise 0.9% in year to April

House prices have risen by 0.6% in April according to the latest survey from Hometrack, primarily in London and the South East. However, prices remained unchanged across 60% of the country and there are some early signs that levels of market activity may start to slow in the run up to the summer.
posted by Uncle Chris  @ 9:44 AM 57 comments

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