Recession turns to repossession for thousands of homeowners
Posted in News on Feb 20th, 2009
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.
Tag Archive 'mortgage'
Interest-ing new rates for borrowers
Posted in News on Feb 5th, 2009
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.
Your guide to the recession…
Posted in Information on Jan 30th, 2009
Recession is a term that represents six successive months of economic decline suffered by that economy; but what exactly causes this to happen?
Banks to defy base rate
Posted in News on Nov 17th, 2008
News Week: 17th November 2008
Despite many shops experiencing a slump in sales, online retailer ASOS have defied the recession and have reportedly doubled sales, increasing profits by 68% in the past six months. This offers hope to other online retailers, who fear for their economic safety.
Lloyds TSB: Taxpayers Subsidise Billions to save from nationalisation
Posted in News on Nov 3rd, 2008
News Week: 3rd November 2008
When Lloyds TSB received a £4b cash injection of tax payer’s money government hardly expected the repayment to happen within the year, however that is what has been announced by Lloyds today.
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