The mortgage market has long been overdue a shake-up. As a nation, we were led up the garden path by bankers who faked kindness and led us to the brink of bankruptcy.
Finance news
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Property auctions have become increasingly popular with both buyers and sellers – Charles Robinson offers his top tips on what to expect if you’re bidding at one.
Shropshire families were hit with a financial double whammy today as the price of water and fuel both increased.
Demand for help with mortgage arrears and energy bills is growing, Citizens Advice reports.
The lack of competition in the retail payment protection insurance (PPI) market is resulting in higher prices for consumers, the Competition Commission has found.
A Treasury delegation has landed in Iceland with the aim of retrieving the £20 billion of assets held by UK savers, councils, charities and businesses.
Countries must work together to tackle the most dangerous financial crisis the world has seen since the 1930s, the International Monetary Fund (IMF) said.
Alistair Darling has warned international finance will never be the same again, while Gordon Brown has called on every bank in the world to increase its capital ratio.
The financial crisis deepened on Friday as panic returned to world markets despite coordinated action to restore confidence.
The FTSE 100 plunged ten per cent shortly after opening after the US stock market hit a new five-year low yesterday.
Debt levels have soared by almost £800 million compared to last year while savings are down by over £4 billion, research has shown.
The FTSE 100 ended 1.21 per cent higher than last night after afternoon falls, to finish at 4,419.50.
Alistair Darling has flown to America to meet with finance chiefs to help broker a international move on tackling the global credit crisis.
The prime minister of Iceland has warned the country's banking crisis will be painful.
Japan declined to join central banks across the world in cutting interest rates yesterday but has ordered an additional economic package as the financial crisis deepens.
Councils have millions of pounds in nationalised Icelandic banks with no guarantee of retrieving the cash.
House prices have fallen by a record 13.3 per cent in the last year, an influential index reported on Thursday.
The FTSE 100 opened higher this morning and has continued to climb on a rally in banking stocks.
Most UK companies are keeping staffing levels as they are as the nation drops into recession, but they are not hiring.
The government's £500 billion bailout package should help the mortgage market recover stability.
The oldest and poorest UK pensioners are suffering from inflation rates double that of non-pensioners, it was claimed on Thursday.
The youth of the 1960s are now heading to conventional retirement.
On yet another day of volatility, the FTSE 100 slumped lower to end 5.65 per cent down at 4,366.69.
Food inflation has slowed in September for the first time in six months, the British Retail Consortium (BRC) has said.
The Government today unveiled its £50 billion taxpayer-funded rescue package to save Britain’s banking system from collapse – as interest rates were cut by 0.5 per cent.
The Bank of England has just cut interest rates by half a per cent to 4.5 per cent in a shock move that appears to have been taken in conjuction with a number of other central banks around the world.
ING Direct is to buy more than £3 billion of deposits held by UK savers in Icelandic banks.
The FTSE plunged this morning after details of the government's £50 billion banking bailout plan were revealed.
The government's banking rescue package has been broadly welcomed by unions and banks, although shareholders have expressed concern over the plans.
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