economonkey

Anybody deluded enough to hope for a property market recovery sometime this year will be sorely disappointed by the latest figures  from the Land Registry which show that actual selling prices of homes in the UK fell by 2% in February.
This means that the rate of decline is actually accelerating, and the average price of [...]

According to the British Bankers Association, the number of mortgages approved by major banks rose in February for the third consecutive month. Happy days are here again! Not quite, despite the rise, mortgages approvals are still close to historic lows and down over 30% on the same period for last year, so we’re not out [...]

Buying Premium Bonds from the government owned NS&I has long been viewed as the safe alternative to stock market investment for the British public; you get to keep all of your original capital, you stand a chance of making a million, and an even better chance of winning a smaller amount.
But if you’re one of [...]

The Financial Services Authority says it will place a cap on mortgages to prevent people from borrowing more than the traditional multiple of three times their annual salary, in order to stop the kind of lunacy we saw at the peak of the property boom when people were able to obtain mortgages of up to [...]

It wasn’t so long ago that we saw UK banks advertising highest rates of up to 10% on their savings accounts – that almost rivalled the long term average rate of return offered by investing in the stock market, but with none of the associated risk. Those days seem far behind us now, with the [...]

Two points of interest today. First of all the UK’s industrial output has fallen at the fastest rate in three decades – dropping by 2.6% in January over the previous month. This fall, reports the Times, was twice as bad as expected – although it doesn’t say whose expectations or what they were based on. [...]

“It might be enforceable in a court of law this contract, but it’s not enforceable in the court of public opinion and that’s where the government steps in.” – Harriet Harman
Just to be clear, did the leader of the house of commons just say that that popular opinion counts for more than a legally binding [...]