The Guardian has a fairly good summary of the findings of Sir James Crosby’s report into the UK housing market. Although this preliminary report does not make specific recommendations, it does talk about the kind of options which are available to the government if it wants to get the housing market moving again. Most of […]
According to the most recent figures from the Land Registry’s House Price Index, the average price of a house in the UK fell by 1% in June, leaving current prices just 0.1% higher than they were 12 months ago. At this rate of decline it seems certain that next month will see house prices showing […]
As each week goes by and each new set of economic statistics hits the headlines, it increasingly looks like the UK is doomed to slide into another recession. The Independent reports that the British economy saw just 0.2 percent growth in the second quarter of 2008 and the financial services sector, which accounts for over […]
In case you didn’t already know this, the first £35,000 of savings you deposit in a bank or building society are guaranteed by the government in the event of that institution collapsing. Judging by the mass panic amongst Northern Rock customers last year, it seems likely that most people aren’t aware of this safety net. […]