Commodity prices are being faced with a “seismic shift”, which could ultimately see UK consumers faced with increased energy prices and an added debt management headache. The chief executive of E.ON Dr Paul Golby told a parliamentary committee this week…
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The UK’s housing market slump will be worse then many people are predicting, according to the Liberal Democrat economic spokesperson Vince Cable. Mr Cable maintains that many of the current estimates relating to the prospects for the property sector are…
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A majority of prospective homebuyers in the UK fear that the slump in property prices will continue for two more years, according to a recent study. A poll carried out by FindaProperty.com discovered that most would-be buyers feel that property…
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The gross amounts being lent as home loans across the country took a further dip last month, according to the Council of Mortgage Lenders (CML). A total of £25.5 billion was borrowed as mortgage debt last month, which is almost…
The Bank of England’s monetary policy committee (MPC) considered increasing the base rate of interest across the country earlier this month, it has emerged. According to the minutes of the MPC’s meeting, there was sufficient concern about the recent rises…
The interest level offered by the average fixed-rate mortgage deal in the UK has hit a ten-year high, according to the latest figures. Moneyfacts reports that the typical interest level on a two-year fix is currently around 6.75 per cent,…
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The rate of inflation in the UK has hit 3.3 per cent across the UK, according to the latest data compiled by the Office of National Statistics (ONS). Last month, the annualised rise in the cost of food stood at…
More and more people in the UK are starting to worry about the prospect of repossession, it has been revealed. A study carried out recently by Equifax found that around 20 per cent of homeowners fear that they could find…
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