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CBI Seeks Two-Pronged Strategy for Housing Sector
A leading business group has urged the government and businesses to adopt a two-pronged approach to deliver both short and long-term solutions to the housing crisis.
UK House Market Shows Resilience, Prices up in October
The housing market in the UK has shown some resilience in the face of a rather subdued growth period, across the economy, for the month of October.
Bob Diamond: Barclays Could Survive Another Banking Crisis
Barclays can withstand the failure of European banks, says its chief executive Bob Diamond.
Santander Turns Santa: Extends £300 Cashback Offer Ahead of Christmas
The customers of Santander UK Plc can shop more for this Christmas as the bank is extending its cash back offer to its new current account holders.
Payment Protection Insurance: How Much Did You Really Know About It?
The benefits of payment protection insurance may have been outlined to you, but was it something you really needed? Whether you were applying for a simple loan or your first credit card, each person has their own individual circumstances.
President Obama Calls For the Congress and Americans to Unite
President Barack Obama made an address to the nation Monday about the increasingly dire debt crisis in which he warned that the Republicans' unyielding approach to the U.S. debt crisis was a "dangerous game" and urged Americans to press for compromise.
UK Economy Grows 0.2 Per Cent: Are George Osborne’s Plans Working?
UK Growth figures show that the economy grew between April and June with growth at 0.2 per cent in the last three months. The weak figure from the Office for National Statistics will put pressure on the government to boost growth. Chancellor George Osborne has said that the government will stick to its economic plan "in a world of very great uncertainty." There will now be growing calls from the shadow chancellor, Ed Balls, to adopt a plan B amid fears that the UK can't support the defi...
Should You Use Your Savings to Pay Off the Mortgage?
With interest rates at a historically low level is now the time to use savings to pay off the mortgage.
U.K. Inflation remains at 4.5%, could be heading for 5.5%
The Consumer Prices Index rate of inflation held firm at 4.5 per cent last month, despite hopes for a slight dip.
Generation Rent: First-time buyers locked out of property market
A generation of Britons believe they will never own their own property, a new survey has shown
Vince Cable warns of second financial emergency
The U.K. Business Secretary Vince Cable has warned that Britain could face the economic "hydrogen bomb" of a second financial emergency.
UK inflation drops in March to 4.0%, could rise again in "near term"
The Consumer Price Index (CPI) annual rate of inflation dipped slightly in March, according to the latest data from the Office for National Statistics.
Docking the Good Ship QE2
Now that we are in the year's second quarter, the end of the United States Federal Reserve's asset purchase program - dubbed quantitative easing two (QE2) - suddenly seems to be rushing toward us. The debate among market participants that remains unsettled is whether June 30th will in fact be the retirement of this form of monetary policy, or will it instead spawn an offspring for another period of time - QE3?
London’s House Price Gains and the Lettings Market
December 2010 saw UK average house prices falling by 0.2% on the previous month for the fourth month in a row. By contrast, London property prices rose by 1% and were up 6.2% up overall on December 2009. In some areas, property prices had risen by more than 10% and the market is now suffering an acute shortage of supply. Some estate agents claim there is now a ratio of five buyers to every one available property within the capital.
Taylor Wimpey returns to FY profit, share price rises
Shares in Taylor Wimpey were up on the FTSE 250 in morning trading after the housebuilder reported a return to profit in the full year ended 31 December 2010.
Persimmon share price dips despite doubling FY profit
Shares in Persimmon were down on the FTSE 250 in morning trading after the housebuilder reported a strong rise in revenue and profits in the full year ended 31 December 2010.
Taylor Wimpey share price up 9% on FTSE 250 as FY profits to be above expectations
Shares in Taylor Wimpey were up on the FTSE 250 in afternoon trading after the housebuilder said that its underlying pre-tax profit for the full year will be "ahead of expectations" and that it had seen interest from potential buyers in its North American business.