News - Moneynet.co.uk financial news feed
- Personal debt up £1m every 10 minutes
- Personal debt has increased by £1 million every ten minutes in 2008, it has been revealed.
- Govt could help savers
- Gordon Brown has said the government could offer savers help if they faced low interest rates.
- IMF says UK's recovery plans are 'optimistic'
- The International Monetary Fund (IMF) has cast doubt on predictions the UK will come out of recession in 2009, it has been reported.
- Interest rates could reach historic low
- The Bank of England's Monetary Policy Committee (MPC) is again ready to cut interest rates, to a low not seen for more than 300 years.
- Lenders will make it harder to borrow
- Lenders intend to make it harder to borrow cash, the Bank of England has said.
- Mortgage lending up in November
- Mortgage lending improved in November, according to figures from the Building Societies Association (BSA).
- Halifax: house prices take 16% annual fall
- According to the Halifax, the average UK house is 16.2 per cent cheaper than it was 12 months ago.
- Nationwide defies government and introduces interest 'floor'
- Nationwide has defied the government's plans to lower borrowing costs by introducing a 'floor' on its tracker products, below which rates will not fall.
- Half of Brits will vow to save more
- Almost half of Brits will vow to save more in the coming year, a study has found.
- Property 'significantly' more affordable for new buyers
- House price falls have helped make property significantly more affordable for first-time buyers (FTB), the Halifax has reported.
- Revellers plan budget celebrations
- New Year revellers are planning to stay local and enjoy budget celebrations.
- Singles worried about cost of living alone
- More than a third of people outside of a relationship are worried that it costs them more to live, research has revealed.
- Market conditions to give first-time buyers 'more bang for their buck'
- As the UK housing market continues to decline, prospective first-time buyers are likely to get 'more bang for their buck' once they are able to make a move onto the property ladder.
- UK consumers embracing credit cards, experts reveal
- British consumers are slowly shifting away from debit cards and towards credit cards, it has been reported.
- Motorists 'are keen to go green'
- British motorists are increasingly taking notice of cars' green credentials when it comes to making a purchase, according to new research.
- Many holidaymakers 'avoid travel insurance'
- While many will be escaping Britain over the festive period one in three people fail to take out travel insurance before they venture abroad, a new study has found.
- Plan for health insurance in 2009
- A healthplan provider has urged people not to forget their health in the New Year even if times are tough.
- Pets suffer with less presents because of credit crunch
- One of the first groups to feel the pinch of the credit crunch this Christmas is likely to be pets, Saga has said.
- Halifax offers online insurance webchat
- People looking to buy home insurance from Halifax can now take advantage of a new tool on the bank's website.
- UK bank's lending less
- Lending by the UK's major banks has fallen yet again, the British Bankers Association (BBA) has said.
- Make saving less attractive to boost spending, expert says
- If the government wants to get people spending then they must make saving less attractive, an expert has said.
- Taxes hitting wallets this Christmas
- Despite many thinking that the reduction on VAT would help spending at Christmas, an expert has suggested that other taxes are affecting bank balances.
- Government urged to do more to get lenders to loan
- The Council of Mortgage Lenders (CML) has said that the government needs to take further action to get banks to lend.
- New government scheme good for first time buyers
- Shared equity schemes may be a good way to lower the risks to the borrower as well as the lender, an expert has said.
- Many putting caps on spending over Christmas
- In an effort to curb spending on Christmas this year many are putting a cap on the amount they spend on family and friends, Halifax has found.
