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 […]
Posts Tagged ‘growth’
This article from the Scotsman highlights the difference of opinion between the Bank of England and the Treasury on what we can expect from the economy over the next year. The Bank, which is (at least in theory) independent from the goverment, claims economic growth will slow to 1.5% for 2009, while the Treasury says […]
28 Sep, 2007
Compound interest - what it is, and why you want it on your side
Posted by: Alex In: Features
It’s been said that there are two types of people in the world: those who understand compound interest and those who are doomed to pay it. In this article we’ll investigate what that means and whether or not it’s actually true.
First, we need a definition of compounding and compound interest. When your interest is compounded […]
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- More job losses as UK motor industry circles the drain
- VAT up, down, shake it all around
- Anger on the streets (and in the annual shareholder’s meeting)
- Only the women can save us now
- “Arg! We’re all completely screwed!” says Confederation of British Industry
- Unemployment benefits probably won’t cover the mortgage repayments
- “If we cut taxes, do you promise to start spending again? Please?”
- The psychology of confidence
- Interest rates slashed - your savings are now as worthless as your house
- Government abandons its own golden rules on borrowing and debt
- JKA on Economics: Where will it end indeed. UK Car sales, new registrations were down almost 40% in November. The problem is demand and even where there is demand, the
- ooopinionsss: How you think when the economic crisis will end? I wish to make statistics of independent opinions!
- Lance: The goverment has introduced special legislation which means that you will get double the protection allowance if you have savings in two banks that m