UK Money

Service personnel rents set to rise

Michael Fallon said the current system was out of date meaning many rents had fallen behind the 'appropriate rate' for properties which are of a higher standard than in the past

Rents charged to many service personnel are set to increase under "major reforms" to accommodation rates aimed at reflecting higher quality homes now available, the Defence Secretary has announced.

Regional variations in rent rises

London and Scotland saw the biggest rises in private rental price increases, official statistics show

Private rental prices paid by tenants have seen sharper increases in London and Scotland than elsewhere in Britain over the last year, official figures show.

TSB hails current account boost

TSB said it had signed up one in ten of all customers opening new current accounts or switching in the UK

TSB hailed an above-target performance in the current account market today but said it was being held back by the low level of switching among UK bank customers.

New holiday rules 'too simplistic'

The tough new rules failed to recognise that family life was not simple, council leaders said

Tough new rules on term time holidays should be overturned, leaving headteachers to decide whether to allow pupils to be taken out of school, council leaders have said.

Cambridge house prices 'up by 32%'

Property values in Cambridge are now 32.5% higher than they were at their previous 2007 peak, new figures show

House prices in Cambridge have rebounded more strongly than those in London as the housing market recovery has taken hold, a report has found.

'Critical moment' as growth slows

The economic slowdown comes amid fears for the health of the global economy that have brought turbulence to stock markets

The UK notched up its seventh successive quarter of growth today but Chancellor George Osborne warned the country faces a "critical moment" amid a darkening picture for the global economy.

New mortgage offers down by 10%

Evidence points to a slowdown in the housing market

The number of mortgage approvals made to home-buyers was 10% lower in September compared with the same month a year earlier in further signs that the housing market is cooling, banks have reported.

Inheritances 'don't hit wealth gap'

David Cameron said people should be able to pass their family home to their children 'rather than leave it to the taxman'.

Inheritances passed down the generations do not appear to have made the wealth gap between richer and poorer households wider, research by the Institute for Fiscal Studies (IFS) has found.

House building strongest since 2007

New figures show that house-building activity is at its strongest levels since 2007

House-building activity is at its strongest levels since 2007 as the recovery broadens out beyond London to the rest of the UK, an industry body has reported.

Directors' pay rises at faster rate

New research shows directors' pay has soared over the last decade

The pay of company directors has increased almost twice as fast as for workers and by even more compared with pre-tax profits of leading firms, according to a new study.

Confidence 'low' in pensions sector

Nearly three in five people worry about the value of their pension, according to new research

Consumer confidence in the pensions industry remains low as the Government prepares to shake up the sector, research by consumer group Which? has found.

EU targets 'to raise power bills'

The UK has a legally-binding EU target to source 15% of its energy from renewables by 2020

Energy targets set by Brussels will force up annual household gas and electricity bills by £149 within six years, research has found.

'Optimism' among mortgage holders

New research suggests that most mortgage holders are optimistic about their future financial situation

Most mortgage holders are optimistic that their financial situation will remain the same or even improve in three years' time as they prepare for rising interest rates, research suggests.

'Short term' pension refunds to go

Pensions minister Steve Webb says the typical worker now has 11 different jobs during their lifetime

Workers who leave their employer after less than two years' service will no longer be pushed into withdrawing their pension contributions, Pensions Minister Steve Webb has said.