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News Archive - December 2008
New Year cheer for tradesmen as petrol hits three year low
by Josh Hall | 31 Dec 2008
In a rare piece of good news for tradesmen, the AA confirmed yesterday that petrol prices in the UK have fallen to their lowest levels for three years.
Only a miracle can save FTSE from worst ever year
by Josh Hall | 31 Dec 2008
Unless something truly remarkable happens in the next two hours, the FTSE 100 will close today"s shortened trading down around 32 per cent on the year - the worst twelve months in its history.
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.
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.
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.
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).
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.
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.
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