Debt Consolidation - From the 'papers

1 March 2010 - Deposits at Northern Rock will, as of 24th May, no longer be 100% guaranteed.

On Wednesday it was reported that deposits at Northern Rock will, as of 24th May, no longer be 100% guaranteed, as they have been since late 2007. The first £50,000 per depositor, however, will still be protected under the Financial Services Compensation Scheme (FSCS).... More

15 February 2010 - Kraft close Cadbury Somerdale factory in Keynsham

Workers at the Cadbury Somerdale factory in Keynsham, Somerset, reacted with anger and dismay to the news on Wednesday that Cadbury's new owner Kraft Foods is to proceed with the closure of the factory after all.... More

9 February 2010 - IVA's increased between October and December

A total of nearly 36,000 people were declared insolvent between October and December, a rise of 25% compared with the same period in 2008 according to the official figures.... More

25 January 2010 - Economic growth in the UK would struggle to reach 1%

The economic forecasting group, the Ernst & Young Item Club, published its latest quarterly report, in which it warned that economic growth in the UK would struggle to reach 1% in 2010 and that the UK must increases its overseas earnings if it is to prosper in the years to come, on Monday. Chief ... More

26 October 2009 - The UK economy shrank by 0.4% between July and September

Weekly Financial News Roundup Although it stopped short of imposing a ban on 100% mortgages, the Financial Services Authority (FSA) announced plans to significantly tighten mortgage lending regulations on Monday. So-called "self-certification" mortgages – that is, mortgages where proof of ... More

7 September 2009 - Personal Debt at Lowest Level Since Records Began

Weekly Financial News Roundup There was a glimmer of hope for cash-strapped consumers struggling to cope with the effects of recession on Tuesday, with the latest figures from the Bank of England suggesting that the level of personal debt in the U.K. has fallen to its lowest level since records... More

11 May 2009 - Financial Services Global Competitiveness Group

Weekly Financial News Roundup. The week opened with the news that the worsening financial crisis worldwide had forced the European Commission to massively downgrade its forecast for European economies. According to the Commission, economies in the eurozone – the geographical and economic area ... More

31 March 2009 - Quantitative Easing

Weekly Financial News Roundup The principal item of financial news on Monday took place on the other side of the Atlantic, but was important in the U.K. and across Europe for the positive effect it had on stock markets. The U.S. administration announced a so-called "Public-Private Investment ... More

16 February 2009 - Bank Loans, Bank Rates, Bank Debt!!

Weekly Financial News Roundup The week opened with good news for Barclays Bank which, despite issuing warnings regarding its earnings and impairments – including $8 billion in writedowns – two weeks ago, reported pre-tax profits of just over £6 billion. Although down 14% year-on year the figure... More

2 June 2008 - Losing the Comfort Zone

House prices are continuing to fall and the majority of people expect them to continue to do so. A new survey commissioned by Panorama for the BBC found that 78% of the 1,011 adults polled thought that prices would either stay the same or continue to fall, whilst only 15% thought that they would ... More

19 May 2008 - Misery of the Middle Classes

As the fall-out from the credit crunch begins to spread ever further, even the more affluent are now struggling. Debt problems among the middle classes are becoming increasingly widespread, according to a recent survey. National debt organization Transact, which represents more than 1,200 debt ... More

31 March 2008 - Risk of Recession Rising

Fear grew this week that Britain was heading for a recession as a new report by investment bank Lehman Brothers was published. The report suggests the chances of Britain going into recession over the next three years stand at one in three at the current time, due to the global financial turmoil ... More

4 February 2008 - From Champagne Lunch To Credit Crunch

Conservative MP Derek Conway was suspended from the Commons this week after it was revealed that he had paid his family £260,000 of tax payer’s money since 2001. His sons both revelled in a glamorous social life whilst at university, with Mr Conway paying them more than £10,000 a year for working ... More

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