One in four households face fuel poverty warns Consumer Focus
The proportion of homes in fuel poverty in England and Wales has risen from 18% to 24% in two years estimates suggest.Consumer Focus calculated that nearly 5.7 million households are in fuel poverty – when more than 10% of their disposable income is spent on fuel. The watchdog said the issue was particularly acute in [...]
December 22, 2011
Tags: bad debts, borrowing, finances, Loan calculator, recession, uk recession Posted in: Credit Crunch, Debt Management, Finance, Loans Calculators, Uncategorized 
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UK recovery to take five years warns Bank of England Member
The UK economy will take five and a half years to recover to its pre-recession level a Bank of England Monetary Policy Committee member warns.Martin Weale called the recovery “unusually slow” and signalled more quantitative easing – creating money to buy government debt – may be coming. In a speech, he said the downturn is [...]
December 9, 2011
Tags: bank lending, Bank of England, bankers, banks, Credit Crunch, debt management plans, Loan calculator, Quantitative Easing, recession Posted in: Bank Lending, Bank of England, Bankers, Credit Crunch, Debt Management, Finance, Lenders, Loans Calculators, Quantitative Easing, Uncategorized No Comments
Smallest businesses need more support warn MPs
Britain’s smallest businesses should be treated differently from other small and medium sized firms warn a group of MPs.The very smallest companies are the UK’s job creators, but many are stifled by red tape and regulations aimed at much bigger companies, they said. The All Party Group for Micro Businesses said the definition of a [...]
December 7, 2011
Tags: banks, borrowing, business finance, business loans, Credit Crunch, finances, recession, sub prime loans Posted in: Bank Lending, Bankers, Banks, Business Finance, Credit Crunch, Finance, Financial Services, Lenders, Uncategorized No Comments
More people in energy poverty with fuel bill debts
The number of people with energy debts has risen by a quarter for electricity and a fifth for gas, it has emerged.The latest figures suggest 1.5m people are in debt in UK. The figures, from spring 2011, include 850,000 electricity customers and 700,000 gas consumers. Campaign group Consumer Focus and charity Citizen’s Advice say energy [...]
December 5, 2011
Tags: borrowing, consolidate debt loans, Credit Crunch, debt management plans, recession, sub prime loans Posted in: Bankrupcy, Credit Crunch, Debt Consolidation, Debt Management, Finance, Loans Calculators, Sub Prime Loans, UK Loans Rates, Uncategorized No Comments
World economy on verge of new jobs recession- ILO
The global economy is on the verge of a new and deeper jobs recession that may ignite social unrest, the International Labour Organization (ILO) has warned.It will take at least five years for employment in advanced economies to return to pre-crisis levels, it said. The ILO also noted that in 45 of the 118 countries [...]
November 4, 2011
Tags: Bankrupcy, Credit Crunch, recession, refinancing rates, unemployment Posted in: Credit Crunch, Finance, Uncategorized, Unemployment No Comments
Bank of England member calls for credit boost
Adam Posen, a member of the Bank of England’s interest rate-setting committee, has said the UK economy needs an instant credit boost.In a speech, he said the Bank should help the government to set up and fund a new bank to boost lending to small and medium-sized businesses. Mr Posen is the only Monetary Policy [...]
September 30, 2011
Tags: bank lending, Bank of England, bankers, banks, Credit Crunch, debt management plans, Quantitative Easing, recession, refinancing rates, UK loans rates, uk recession Posted in: Bank of England, Bankers, Banks, Business Finance, Credit Crunch, Debt Management, Finance, Interest Rates, Loans Calculators, Sovereign Debt, UK Loans Rates, Uncategorized, Unemployment No Comments
Pocket money up after seven years bank finds
Pocket money for children has risen for the first time in eight years but only by 36 pence a week, the Halifax has found.The bank’s annual survey suggests that the average amount received by eight to 15-year-olds now averages £6.25 a week. That meant a 6% increase in the past year, but it was still [...]
September 9, 2011
Tags: bad debts, Credit Crunch, debt management plans, finances, recession, uk recession Posted in: Credit Crunch, Finance, Financial Services, Uncategorized No Comments
Bank’s profits hit by Greek debt writedown
Commerzbank, Germany’s second largest bank, has seen its second quarter profits all but wiped out by a £676 million writedown of its Greek debt.Second-quarter net profit fell by 93% from the same period a year ago to £20 million after the debt revaluation. The move reflects acceptance among lenders to Greece that they will not [...]
September 1, 2011
Tags: bad debts, bank lending, bankers, Bankrupcy, borrowing, Credit Crunch, debt management plans, recession Posted in: Bankers, Banks, Business Finance, Credit Crunch, Debt Management, Finance, Lenders, Loans Calculators, Loans Rates, Uncategorized, nationalisation No Comments
Finance watchdogs hindered by flawed information sources
Trading standards departments are continuing to be hindered by two separate and incompatible intelligence databases.Questions have been raised about whether investigations into scams across local authority borders are made less efficient by two twin track systems. Attempts are being made to allow the computer systems to operate together. The National Audit Office recently described the [...]
August 22, 2011
Tags: borrowing, Credit Crunch, finances, financial services, recession, UK loans rates Posted in: Credit Crunch, Debt Management, Finance, Independent Finance, Lenders, Loans Calculators, UK Loans Rates, Uncategorized No Comments
Taxman apologises for poor performances at HMRC
The chairman of HM Revenue & Customs has apologised for the treatment of taxpayers after the service was attacked by a committee of MPs.Mike Clasper said: “We are not happy with our performance in 2010.” The Treasury select committee said dissatisfaction risked undermining public confidence in the tax system. The worst problems were in getting [...]
July 29, 2011
Tags: Credit Crunch, finances, recession, UK loans rates Posted in: Borrowing Costs, Credit Crunch, Finance, Online Banking, Uncategorized No Comments
