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Tag Archive 'loans'

House prices may be on the decline, but the number of house repossessions is certainly on the rise with over 40,000 homeowners affected in 2008.

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Over £4 billion of taxpayers’ money is set to be reinvested by the banks, but probably not in a way that you would expect or hope, especially considering the current financial climate.

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Interest-ing new rates for borrowers

Positive news for UK borrowers this morning as the Bank of England has cut interest rates to a record low 1%, as they look to boost the country’s economy.

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Your guide to the recession…

Recession is a term that represents six successive months of economic decline suffered by that economy; but what exactly causes this to happen?

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UK enters recession

The UK has officially entered recession today, following six months of negative economic growth.

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