UK Pensions Back In Black

Pension funds across the UK’s top 100 companies have returned to positive figures, after years of deficit according to leading pensions analysts today.
Figures released today have shown that private pension funds were found to have reached a surplus, after several years of abuse and poor financial management had lead to the so called ‘black hole’ […]

UK Balance Of Trade Falls After Increasing Oil Exports

The United Kingdom’s balance of trade has fallen over the course of July against analyst predictions, after an increase in oil exports from the North Sea.
The fall over the course of last month takes the UK’s gap between its total imports and total exports to its lowest level in over two years, thanks to increasing […]

Bank Of England Suggests Another Interest Rate Rise Could Be On The Cards

UK interest rates might rise one last time in order to bring inflation back within government targets, it was announced today.
A report published by the UK central bank the Bank of England said that inflation must be brought down to the 2% level by 2009 in order to maintain economic direction, in line with a […]

Consecutive UK Manufacturing Growth Continues

The United Kingdom announced a growth in industry over the month of July, showing an upturn in manufacturing, a report out today has suggested.
The news comes along with ongoing signs of improvement in the once mighty UK manufacturing sector, despite years of closure and job cuts brought on by cheaper foreign labour.
The figures released by […]

UK House Prices Set To Break £300,000

According to figures released today, the average price of a house in the UK will increase to over £300,000 within the next five years.
The research, conducted by the National Housing Federation, warns that at current rates, house prices are more than eleven times the UK national average salary, with an increasing likelihood of continuing on […]

UK Repossessions On The Up

The number of repossessed homes throughout the UK has dramatically increased on last year’s figures, studies released today have shown.
The figures, presented by the Council of Mortgage Lenders suggest that the number of repossessions over the first half of this year has significantly increased on last year’s figures. 
Figures have shown that there were an estimated […]

UK Prime Rate of Interest Remains Consistent At 5.75%

The Bank of England have announced today that interest rates are to be maintained at their current level of 5.75% throughout the UK.
The Monetary Policy Committee have decided to keep the rates consistent as last month, in an attempt to allow recent interest rate rises to run their course economically.
With the slowest house price rises […]

Bank of England Poised To Make Interest Rate Decision

The Bank of England are expected to announce their decision on interest rates later on this week, which affect the price of borrowing money on many mortgages and commercial loans.
The UK central bank, which has control over determining monetary policy in conjunction with the UK government, is expected to publicly announce its policy over the […]

UK House Price Growth Stagnant

United Kingdom house prices barely rose over the last month, reflecting the impact of higher interest rates on the UK economy.
House prices throughout the United Kingdom rose by just 0.1% over the course of July, taking the year average growth rate to 9.9% from 11.1% as at last month.
After several years of stable economic growth […]

Exploitation Rife As Water Shortages Plague Flood Victims

Allegations of traders cashing in on the widespread flooding throughout England have emerged today.
A number of vans were said to have opened selling vital good such as bottled water and bread for several times their market value, in a bid to exploit those desperate for the most basic of supplies.
After power shortages and dwindling fresh […]

Insurers Count The Rising Costs Of UK Flooding

The widespread flooding throughout England over the last months looks set to amount to over £2 billion in insurance claims.
The figures released today by the Association of British Insurers show that the devastating flooding over the course of the British summer could lead to a record figure of insurance claims, with tens of thousands of […]

Average London House Prices Break £300,000

The average house price in London has broken £300,000, figures released today suggest.
The figures from the Halifax Building Society reveal that the average price of a house in London has increased by nearly 5% over the last month, taking them well over £300,000. 
This takes the price of home to £313,122 - around $626,000, taking it […]

UK GDP Up By 0.8%

The UK economy has grown beyond analyst predictions for the first half of this year. 
The increasing growth comes in spite of earlier dampening measures implemented by the Bank of England
Figures released today reveal that the UK GDP has risen by 0.8% over the last three months, ahead of the forecast rate of growth.
The growth figures […]

Wet UK June Puts Off Consumers

Official figures released today have shown a slower increase in retail sales over June, throughout the UK.
Expert analysts put much of the sluggish increase down to bad weather, with records suggesting June has been the wettest ever.
The poor weather conditions are suggested to have dissuaded retail customers from their usual spending habits.
The figures, delivered by […]

UK Unemployment Falls

The number of unemployed workers relying on state benefits in the United Kingdom has fallen, official figures suggest.
The figures, released by the Office for National Statistics, show a fall of 35,000 since March.  The news comes in the wake of the sixth consecutive interest rate rise this year in an attempt to curb the runaway […]

UK Inflation Shows Slowdown

The UK-wide rate of inflation through June has slowed down, showing a decline in the price of consumer goods.
Official figures released today reveal that the slowdown occurred primarily in clothing and consumer electronics, although not to the extent that many economic analysts had forecast.
Many now fear that this may lead to further interest rate increases, […]

UK Charity Giving Reaches Record High

UK charitable donations have risen by 8.6% over the last year, according to a survey conducted by industry analysts the Charities Aid Foundation. 
Donations made in year 2005/06 rose to an astonishing £10.9billion, fuelled by numerous large scale international disaster appeals
Amongst the highest beneficiaries have been charities providing aid relating to the devastating Asian tsunami and […]

UK Tax Credits System Again In Scandal

The United Kingdom’s Tax Credits system has again come under fire today, with a report published by the National Audit Office suggesting the system currently leaks £1 billion through fraud and system errors each year. The system which aims to provide welfare primarily for those with families works by integrating funding within the taxation […]

Cash for your House

There are many reasons why you may want to sell your house to release cash equity from the value of their property, and a number of options are available to them.Increasingly popular is for a home owner to sell and rent back property to a company of house purchasers, who can pay cash for homes.The […]

UK interest rates stay at 5 percent

The European Central Bank raised interest rates on Thursday for the sixth time since last December. The rate hike, which was expected, sent Eurozone internet rates up by 25 basis points to 3.5 percent.In the remarks which came along with the announcement, ECB president Jean-Claude Trichet said that inflation remains a danger. Mr […]

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