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News Archive
Rush to pay off mortgages begins
by Josh Hall | 30 Dec 2008
UK homeowners are rushing to pay off their mortgage debt, as the fear of negative equity grows.
FSB calls for credit card interest rate cap
by Josh Hall | 30 Dec 2008
The Federation of Small Businesses (FSB) has today called on the government to cap credit card interest rates in an attempt to help businesses already suffering in the recession.
Economy contracting faster than thought
by Josh Hall | 23 Dec 2008
The British economy contracted by 0.6% between July and September, according to Office of National Statistics (ONS) figures published today. This is a faster rate than estimated, with previous figures predicting a contraction of 0.5%.
Interest rate cut fails to stem mortgage haemorrhage
by Josh Hall | 23 Dec 2008
November"s mortgage approvals rate fell by a massive 61% compared to the same period last year, according to figures published today by the British Bankers Association (BBA).
Whittard set for administration
by Josh Hall | 23 Dec 2008
Luxury tea and coffee retailer Whittard looks set to become the latest high street name to call in administrators, after creditor Landsbanki cut its funding.
High street rushes to discount
by Josh Hall | 22 Dec 2008
High street retailers are discounting at record rates in an effort to combat the credit crunch"s effects on Christmas sales.
Christmas survey provides bleak reading for retailers
by Josh Hall | 22 Dec 2008
A new survey today suggested that even Christmas won"t offer retailers any slack in an increasingly fraught trading environment.
by Rosie Beasley | 22 Dec 2008
News from CRL, Calculated Risks Ltd.
House prices 'will take a decade to recover'
by Josh Hall | 22 Dec 2008
The investment management wing of Legal and General today warned that UK house prices are unlikely to recover to 2007 levels within the next decade.
Online fraud means unwelcome Christmas present for e-tailers
by Josh Hall | 16 Dec 2008
Credit and debit card fraud is set to hit online retailers this Christmas, with estimates suggesting it will cost the industry over £105 million over the festive season alone.
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