Labour’s debt advice strategy a complete failure- MPs
The management of the labour government’s strategy for helping people in debt has been branded a “complete failure” by a committee of MPs. The Public Accounts Committee said 51 different projects since 2004 had been uncoordinated, with no one in charge. The committee’s report said 11% of adults were struggling with debts, with the population’s [...]
April 9, 2010
Tags: borrowing, consolidate debt loans, Credit Crunch, labour, labour liars, MPs, sub prime loans, uk recession, unemployment Posted in: Uncategorized 
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UK economy showing signs for optimisum
UK economic activity may be increasing- paving the way for a better loans environment. Construction activity grew in March for the first time since 2008 with an increase in housebuilding. Despite job cuts across the industry continuing at a sharp rate, a growth in new orders fuelled an upturn in construction activity and fresh optimism [...]
April 7, 2010
Tags: borrowing, Credit Crunch, Loan calculator, loans, new home sales, uk recession, unemployment Posted in: Uncategorized No Comments
Home loans up in February
Home loans lending increased in February as the fluctuation in the housing market continued, lenders have said. Gross lending for home loans in the UK rose by 6% in February compared with January to an estimated £9.2bn, the Council of Mortgage Lenders (CML) said. The figures come after a slowdown in January when housing market [...]
March 19, 2010
Tags: home loans, mortgage calculator, new home sales, uk recession, unemployment Posted in: Uncategorized No Comments
UK long term unemployment rises
Total UK unemployment stood at 2.46 million for the three months to December, down 3,000 on the figure for the previous three months. But long-term unemployment, covering those out of work for more than a year, rose by 37,000 to 663,000, the highest figure since 1997. And the number of people claiming Jobseeker’s Allowance climbed [...]
February 17, 2010
Tags: consolidate debt loans, Credit Crunch, loans, uk recession, unemployment Posted in: Uncategorized No Comments
Home loans owners pay 70 per cent more for mortgage payment protection insurance
Home loans owners are paying more than 70 per cent more to insure their mortgage payments against losing their job compared with a year ago. Rising unemployment means companies offering mortgage payment protection insurance have increased their prices sharply during the recession to account for a greater number of claims. It means the average monthly [...]
October 23, 2009
Tags: home loans, Loan calculator, mortgage calculator, unemployment Posted in: Uncategorized No Comments
More US jobs lost than expected
The US economy lost 263,000 jobs in September, which was more than had been expected, according to official non-farm payrolls figures. The jobless rate rose to a fresh 26-year high of 9.8% from August’s figure of 9.7% as the US economy has shed 7.6 million jobs since the recession began. The number in employment has [...]
October 2, 2009
Tags: Loan calculator, refinancing rates, unemployment, US loans rates Posted in: Uncategorized No Comments
UK unemployment hits 14 year high of 2.47 million
British unemployment hit 2.47 million in July, its highest level since 1994, as 210,000 more people lost their jobs. The number of people claiming jobseeker’s allowance rose by 24,400 to 1.61 million in August — the highest since May 1997 and the eighteenth monthly rise in a row, according to the Office for National Statistics [...]
September 16, 2009
Tags: Bank of England, Credit Crunch, Loan calculator, UK loans rates, uk recession, unemployment Posted in: Uncategorized No Comments
House prices will take five years to return to peak
House prices will not return to the peak reached in autumn 2007 for at least another five years, according to Ernst & Young’s Item Club. The influential group’s gloomy forecast contradicts the increasingly optimistic outlook of the Government and some commentators that the British economy has begun a sustained recovery. The recent rise in property [...]
September 14, 2009
Tags: home loans, Interest Rates, mortgage calculator, unemployment Posted in: Uncategorized No Comments
Wall Street lifted by jobs data
Wall Street ticked higher in early trades as the latest report on jobless claims turned out to be better than expected and retail sales improved. The Dow Jones was up 62.13 points at 8,801.15 at midday in New York, the S&P; 500 was up 8.57 at 947.72, and the Nasdaq was up 11.48 at 1,864.56. [...]
June 11, 2009
Tags: new home sales, Oil, retail sales, unemployment Posted in: Uncategorized No Comments
US Government nationalises GM in Chapter 11 bond deal
The US Government will take a 60 per cent stake in General Motors (GM) as the carmaker files for Chapter 11 bankruptcy protection today, officials of the Obama Administration revealed. President Obama said that the move would stop the company being broken up, as it prepared to make the world’s largest industrial bankruptcy filing. The [...]
June 1, 2009
Tags: Credit Crunch, recession, unemployment, US loans rates Posted in: Uncategorized No Comments
