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October 31, 2014 - Latest:

Government pays off First World War debt, 100 years after it started

31 October 2014

The government has announced it will pay off part of the nation’s First World War debt, a century after the war started. Chancellor George Osborne has said the government is [...]

Japanese stocks surge as central bank announces QE extension

31 October 2014

Japan’s central bank has shocked the market by extending its stimulus package, sending its major index soaring overnight. The Nikkei 225 saw its biggest one-day gain since June 2013 as [...]

Government rolls out consultation on the Bank of England’s powers over the UK’s housing market

30 October 2014

The Government has launched its consultation on which powers the Bank of England (BoE) should have over the UK’s housing market. Back in June, the Chancellor of the Exchequer George [...]

US economy surpasses growth expectations during the third quarter

30 October 2014

Just as the Federal Reserve calls time on its massive quantitative easing (QE) programme, the news has emerged that US economy grew at a faster-than-expected annual rate of 3.5% in [...]

Some 54,000 new homeowners created through Government’s Help to Buy scheme

30 October 2014

The Government’s controversial Help to Buy scheme has helped create more than 54,000 new homeowners in England according to the latest official figures. In the first 18 months of the [...]

Average UK house prices climb to all time high but growth rate eases significantly

30 October 2014

The typical cost of a UK home has climbed to an all-time high despite an easing in overall price growth across the market. According to non-seasonally adjusted data from Nationwide, [...]

The ECB has missed the opportunity to end the European crisis

29 October 2014

The European Central Bank has missed the opportunity to rid Europe of the risk of systemic bank failures because its stress tests were simply not strict enough and did not [...]

E.ON launches cheapest energy deal on the market as ‘big six’ rise to the challenge of the smaller firms

29 October 2014

E.ON Energy has launched the cheapest energy deal on the market, marking the first time a big six supplier has topped the best buy tables this year. Tom Lyon, energy [...]

Lloyds to axe 9,000 jobs and shut 150 branches

28 October 2014

Government-backed Lloyds Banking Group is to axe 9,000 jobs and close 150 branches over the next three years. The cuts come on top of 43,000 job losses at the bank, [...]

Sales growth across UK High Streets continues to accelerate says CBI

27 October 2014

Retail sales volumes continued to grow in the year to October, with another strong rise expected in the month ahead, according to the Confederation of British Industry (CBI). The CBI’s latest [...]

Bank of England policy maker says interest rates need to rise now

27 October 2014

The Bank of England needs to raise interest rates now regardless of any signs of an easing in the economy, a Monetary Policy Committee (MPC) member has claimed. Ian McCafferty, [...]

24 European banks fail financial stress tests

26 October 2014

The European Banking Authority (EBA) has found that 24 institutions have failed to pass a stress testing of their finances. The EBA’s 2014 EU-wide stress test of 123 banks, which [...]

Aspiring homebuilders given boost by Right to Build initiative

24 October 2014

Ever dreamt of building your own home? Well that dream could become a reality under new plans for a ‘Right to Build’ scheme across England. Housing and planning minister Brandon [...]

Slowdown in UK growth but economy is still ‘robust’

24 October 2014

The slowdown in UK growth reported today is nothing to be concerned about and is a reflection of weak economic performance in the eurozone. UK third quarter gross domestic product [...]

Mortgage approvals drop to 14-month low in September as market eases further

23 October 2014

Mortgage approvals dropped back for the third month running to a 14-month low in September further fuelling evidence of a slowdown across the UK’s property market. According to the latest [...]

Pound falls on Bank of England minutes

22 October 2014

The pound has fallen as the Bank of England’s Monetary Policy Committee (MPC) minutes revealed that the majority of members were against raising interest rates in their latest meeting. MPC [...]

Employees finally get a pay rise… of 8p

21 October 2014

Employees of FTSE 350 companies have seen a monthly wage rise of just 8p in the past year, new figures reveal. Inflation may be falling, but take-home salaries are barely [...]

Is India presently enjoying a “Goldilocks moment”

20 October 2014

A stable government, a can-do prime minister and a recovering economy may prove to be the best recipe yet for Indian stocks, according to Avinash Vazirani, manager of the Jupiter [...]

Mortgage lending up 10% on an annual basis in September but market is “sitting on a plateau”

20 October 2014

While gross mortgage lending was up 10.2% year-on-year in September it dipped 1% on August’s total to an estimated £17.8m. The Council of Mortgage Lenders (CML), which compiled the statistics, [...]

Bank of England chief economist ‘gloomier’ on outlook for UK

17 October 2014

The Bank of England is expected to keep interest rates lower for even longer as its chief economist admitted he was ‘gloomier’ about the prospect for the UK economy. In [...]

British workers £2,500 worse off per year since financial crisis

16 October 2014

Average wages for British workers have fallen by £50 a week in real terms since 2008, according to new analysis published by the Trade Union Congress (TUC). The research highlights [...]

UK unemployment enjoys largest annual fall on record but wage growth remains weak

15 October 2014

The UK’s unemployment tally dropped by 154,000 to 1.97m in the three months to the end of August according to new numbers from the Office for National Statistics. The official [...]

More than half of over-40s anticipate they will still be paying their mortgage or renting in retirement

15 October 2014

More than 50% of over-40s believe they will still be repaying their mortgage or paying rent when they retire new research has found. The analysis from specialist insurer Partnership concluded [...]

Consumer confidence towards house prices takes a hit

15 October 2014

Following the rapid ascent in consumer confidence towards the UK housing market, sentiment towards the sector now appears to be cooling off claims Halifax. According to the lender’s latest Housing [...]

Inflation falls to five-year low

14 October 2014

The UK inflation rate fell to a five-year low of 1.2% in September, from 1.5% the previous month, pushing back expectations of an interest rate rise. Official figures show the [...]

FTSE 100 bosses earning 120 times pay of workers. Pay rises 278% since 2000

13 October 2014

The bosses of the top one hundred listed UK companies earn 120 times the average pay of employees, according to a report by Incomes Data Services (IDS). Despite the financial [...]

FTSE follows Dow Jones down as eurozone recession fears bite

10 October 2014

Fears over prospects for the global economy pushed US markets lower overnight and hit the FTSE 100 and oil prices this morning. London’s benchmark index fell 47.45 points this morning [...]

Fed begins to worry about the rest of the world

9 October 2014

Keith Wade, chief economist at Schroders, comments on the September Federal Open Market Committee meeting minutes released on Wednesday… The minutes of the September Federal Open Market Committee meeting took a [...]

German exports endure steepest fall in more than five years

9 October 2014

Fears are mounting over the state of Germany’s economy as new figures show that exports suffered their hardest fall since the financial crisis. According to Germany’s Federal Statistical Office, exports [...]

Bank of England holds fire on interest rates at October MPC meeting

9 October 2014

The Bank of England’s Monetary Policy Committee (MPC) has once again held tight on interest rates and kept the cost of borrowing at its historic low of 0.5%. In addition, [...]

Mortgage lending falls as market continues to cool

9 October 2014

Further evidence is pointing towards an easing of the UK property market as new figures show mortgage lending declined in August. According to trade body, the Council of Mortgage Lenders [...]

UK house price momentum eases as demand falls for the third consecutive month

9 October 2014

House price momentum in the UK slowed down to June 2013 levels as demand slipped for third consecutive month in September, according to the latest Royal Institute of Chartered Surveyors [...]

The return of energy rationing? 87% of households will ration energy in some way this winter

8 October 2014

Some 87% of Britons will be rationing energy this winter due to worries about the high cost of fuel. Research of more than 1800 households by reveals that  42% will heat their [...]

IMF has good news for UK, but global growth “weak and uneven”

7 October 2014

The UK’s economy is out of the woods, but global growth will be  ”weak and uneven” this year and next, the International Monetary Fund has warned. The IMF’s latest World [...]

‘Recovery at risk from banks’ reluctance to lend to small business’ warns broker

7 October 2014

Banks unwillingness to lend to small businesses is in “grave danger” of choking off the recovery, a corporate finance broker has warned. The latest Bank of England credit conditions survey [...]

UK house prices set to drop by 1% overall in 2015 and by 2.6% in London says new report

6 October 2014

After growing by 7.8% this year, average house prices across the UK will dip by 0.8% in 2015 a new report from the Centre for Economics and Business Research (Cebr) [...]

UK financial services firms enjoying fastest growth rate since 2007

6 October 2014

Business is booming across the UK’s financial services industry with the sector enjoying its best growth rate since 2007. According to a survey from lobby group the Confederation of British [...]

US jobs hike boosts market and dollar but focus turns to future

3 October 2014

US jobs data has boosted markets and sentiment but investors should be wary about the implications the latest showing of economic strength has on future rate rises. The latest round [...]

UK recovery ‘losing its legs’ as service sector slows

3 October 2014

Britain’s services sector has grown at its slowest rate in three months as fears that the economic recovery is waning persist. The services sector, which makes up for three quarters [...]

FTSE bounces after yesterday’s slump to new 2014 low

3 October 2014

The FTSE has gained 1% in early morning trading after slumping to its lowest point since 13 December yesterday. Yesterday the FTSE closed down 111 points, or 1.69%, at 6446 [...]

European Central Bank latest: Draghi disappoints

2 October 2014

In its latest policy meeting the European Central Bank, as expected, kept interest rates unchanged but it announced operational details about its bonds purchase programmes. Azad Zangana, European economist at [...]

US bank stress tests to “lose importance” to investors…

2 October 2014

Simon Laing, head of US equities at Invesco Perpetual, looks at how much benefit banks will get from rate rises and how much capital can be returned to shareholders… It’s [...]

More than half of UK mortgage holders are unprepared for a hike in interest rates

2 October 2014

More than 50% of UK homeowners are in for a financial shock when interest rates inevitably rise according to new research from the Money Advice Service writes Philip Scott. The [...]

Cameron pledges to cut tax for “30 million people”

1 October 2014

David Cameron has promised to cut tax for thirty million people if the Conservatives win next year’s election. In his Conservative Party conference speech, the Prime Minister said he would [...]

UK property market eases back as new borrowing rules start to bite

29 September 2014

The UK’s buoyant property market appears to have turned a corner as the latest figures from the Bank of England show activity has eased from the peak levels seen earlier [...]

Bank of England boss says the time for higher interest rates is “getting closer”

25 September 2014

Bank of England governor Mark Carney has urged that interest rates are set to rise in the coming months given that the UK economy is back on stronger ground. The [...]

Barclays and Bank of Scotland top the City watchdog’s latest complaints league

25 September 2014

Barclays and Bank of Scotland were the two most complained about firms in the first half of the year according to the Financial Conduct Authority (FCA). Between January and June [...]

Hundreds of thousands of small businessed warned on pension reforms

24 September 2014

Hundreds of thousands of small businesses have been warned to check when they must meet new workplace pension requirements. The call to action from the Pensions Regulator follows research showing [...]

More than a quarter would struggle with higher rate according to Building Societies Association research

24 September 2014

Over a quarter of people with a mortgage (27%) say they will be in financial trouble when interest rates rise, according to new research published by the Building Societies Association [...]

Just under 29% of adults believe they will benefit from pension income and annuity reforms

24 September 2014

Just 29% of UK adults believe the radical pension income reforms will benefit them financially according to a survey by TD Direct Investing. Chancellor George Osborne announced radical reforms to [...]

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