June 2009 - From the 'papers

Remortgage - Repossessions increased by 13%,

Weekly Financial News Roundup Figures published by the Financial Service Authority (FSA) on Monday suggested that the number of mortgages that fell into arrears during the first quarter of 2009 was just under 60,000, down 12% on the previous quarter. Conversely, repossessions increased by 13%, ... More

Vehicle Loans - 60,000 orders for new cars had been placed under the scrappage subsidy scheme

Weekly Financial News Roundup The latest figures from the Confederation of British Industry (CBI), released on Monday, suggested that the U.K. will contract by 3.9% during 2009, as a whole, before returning to growth of 0.7% in 2010. This was a more pessimistic forecast than that issued by ... More

Remortgage - Better news for taxpayers

Weekly Financial News Roundup Poor European election results – in fact, the poorest since World War II – which saw the Labour Party poll just 15.3% of the vote, and fall into third place, behind UKIP ("United Kingdom Independence Party"), cast further doubt over the future of Gordon Brown as ... More

Remortgage - The Recession in the U.K. is easing

Weekly Financial News Roundup The major piece of financial news on Monday came from across the Atlantic, with the announcement that General Motors (GM) Corporation had filed for bankruptcy protection, in doing so marking the biggest manufacturing collapse in U.S. history. GM sold 8.5 million ... More

Unsecured Loans - Unemployment, above 2 million for the first time in 12 years

Weekly Financial News Roundup Despite earlier moves by Marks & Spencer to quash speculation that its Executive Chairman, Sir Stuart Rose, would be stepping down before July 2011, Sir Stuart himself said for the first time in public on Monday that he hopes to step down before that date. He was ... More

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