February 2008 - From the 'papers

New Mortgages - House Prices Key to UK Economy

The biggest short term threat to the economy is a downward spiral of house prices warned a Bank of England rate-setter earlier this week. Combined with a drop in mortgage lending this could be the death knell to hope that the UK economy will weather a recession. However, Kate Barker of the Bank of... More

New Mortgages - Safe as Houses?

Without stricter planning controls, one third of the new homes the Government would like to see built by 2020, could be both unsaleable and uninsureable says the Association of British Insurers (ABI). One million of the proposed three million new properties are due to be built on flood plains, ... More

Credit Cards - Recession. What Recession?

Home owners heaved a collective sigh of relief this week as the Bank of England again cut interest rates, from 5.5% to 5.25%. As other bills grow ever larger, the quarter of a percent cut means that millions will be better off, with the monthly repayment on a typical 25 year £100,000 mortgage ... More

Debt Consolidation - 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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