Central Banks Unite To Avoid Recession
January 18, 2008 | Leave a Comment
In an unprecedented move the three most powerful central banks in the world have joined forces in an attempt to head off a global recession.
The South Pays Three Times As Much Stamp Duty As The North
January 16, 2008 | Leave a Comment
Stamp duty has become the ban of the homebuyers’ existence; well, at least, it has become so in the South, as it has been shown that homebuyers in the South are paying over three times more than those in the North.
Individual Insolvencies Expected To Rise
January 14, 2008 | Leave a Comment
Christmas spending sprees will boost the number of individual financial casualties in the first quarter of 2008. According to accountants Grant Thornton there will be an extra ten thousand people who go bankrupt or enter into an individual voluntary arrangement (IVA) in the first three months of the year, boosting the number to 28,000. The firm also believes that there will be 120,000 bankruptcies in 2008, a figure which will be nearly 10,000 up on last year.
Confidence In Property Has Plummeted
January 10, 2008 | Leave a Comment
A December poll has shown a complete loss of confidence in the property market as just one in five believes that average house prices will increase in 2008.
Bank of England Forced To Dig Deep
January 8, 2008 | Leave a Comment
The credit crunch shows no signs of releasing its ever-tightening grip on world financial markets, and the Bank of England is being forced into further measures to try to tackle the crisis.