The government needs to reduce the impact of potential increases in energy costs, an industry figure has claimed. Maria Wardrobe, director of communications at National Energy Action, believes that the government’s plans to cut emission costs could lead to consumers…
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Potential homeowners are being advised not to lie on mortgage applications because it could create long-term credit problems. Equifax believes that the recent tightening of mortgage lending criteria could encourage more people to lie about their financial circumstances in order…
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Many consumers remain cautions over their spending and want to remain debt free during the current recession, the British Retail Consortium (BRC) has noted. Richard Dodd, spokesman for the BRC, explained that people are focusing their spending on essentials such…
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A lack of financing is causing problems for those involved in housing market chains, one expert has suggested. Situations where buyers are reliant on other people in a chain in order to be able to move house are being increasingly…
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Plans to return the VAT tax rate to 17.5 per cent will only cause businesses and consumers to restrict their spending, one expert has suggested. Matthew Elliott, chief executive at the TaxPayers’ Alliance, stated that the general public may be…
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Older people are increasingly looking towards equity release as a means of accessing additional finance, one expert has suggested. This is despite a recent study that has showed some flaws in the information provided to customers. According to research by…
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Isas have been recommended for older people looking to save for retirement. Bestinvest senior investment adviser Adrian Lowcock stated while the savings accounts may not be quite as beneficial to this age bracket as they are to those in their…
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Swine flu is less likely to have an impact on Britain’s productivity and more likely to affect the country’s spending, one expert has suggested. Michael Baxter, an economist at financial services company Defaqto, stated those in debt may be able…
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