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News Archive
February 2009
Simple IVA's news pages, keep an eye on the latest Finance & Money News.Brown promises more responsible banks - 28/02/09
Prime minister Gordon Brown has said the government is working towards creating a new culture of "banking responsibility"
Prime minister Gordon Brown has said the government is working towards creating a new culture of "banking responsibility"
House prices slump to 2005 levels - 27/02/09
House prices have fallen to levels last since in march 2005, according to the Land Registry’s monthly house price index (HPI) published today
House prices have fallen to levels last since in march 2005, according to the Land Registry’s monthly house price index (HPI) published today
Scottish Power cuts gas and electricity bills - 27/02/09
Scottish Power is to cuts its gas and electricity prices
Scottish Power is to cuts its gas and electricity prices
Goodwin pension standoff continues - 27/02/09
Sir Fred Goodwin's discretionary entitlement should not have been awarded to him by RBS, prime minister Gordon Brown has said
Sir Fred Goodwin's discretionary entitlement should not have been awarded to him by RBS, prime minister Gordon Brown has said
Fred the Shred to keep £650k pension - 26/02/09
Former Royal Bank of Scotland chief executive Sir Fred Goodwin has no intention of 'doing the right thing' and giving up his £650,000 pension, despite the bank announcing the largest annual losses in British corporate history
Former Royal Bank of Scotland chief executive Sir Fred Goodwin has no intention of 'doing the right thing' and giving up his £650,000 pension, despite the bank announcing the largest annual losses in British corporate history
Court rejects banks' appeal - 26/02/09
The Court of Appeal has rejected an attempt by several high street banks to block the Office of Fair Trading from making a decision on the fairness of bank charges
The Court of Appeal has rejected an attempt by several high street banks to block the Office of Fair Trading from making a decision on the fairness of bank charges
Barratt records £512.4m loss - 25/02/09
UK house-builder Barratt Developments has recorded a pre-tax loss of £512
UK house-builder Barratt Developments has recorded a pre-tax loss of £512
UK faces worse slump since WWII - 25/02/09
Revised estimates for economic growth out today show the UK slump is greater than previously thought
Revised estimates for economic growth out today show the UK slump is greater than previously thought
Council tax bills to rise 3% - 25/02/09
Council tax bills across England will rise by three per cent in the coming year – a drop on previous estimates
Council tax bills across England will rise by three per cent in the coming year – a drop on previous estimates
FTSE 100 down for third day - 24/02/09
The FTSE 100 saw a third day of losses today – with the index now seeming rooted under the 4,000 mark
The FTSE 100 saw a third day of losses today – with the index now seeming rooted under the 4,000 mark
Rally ahead of Royal Mail vote - 24/02/09
A rally is being held in Westminster opposing the government's plans to part-privatise Royal Mail
A rally is being held in Westminster opposing the government's plans to part-privatise Royal Mail
500 jobs to go at Vodafone - 24/02/09
Mobile phone giant Vodafone has announced that 500 British jobs are to be cut as the group attempts to reduce costs
Mobile phone giant Vodafone has announced that 500 British jobs are to be cut as the group attempts to reduce costs
Redrow announces 58 per cent revenue slump - 24/02/09
Redrow, the UK's largest housebuilder, today reported a 58 per cent fall in revenue, alongside a 43 per cent cut in its workforce
Redrow, the UK's largest housebuilder, today reported a 58 per cent fall in revenue, alongside a 43 per cent cut in its workforce
Mortgage lending up and savings down - 24/02/09
Mortgage lending rose in January – although growth is still slowing – while savings levels dropped
Mortgage lending rose in January – although growth is still slowing – while savings levels dropped
FTSE 100 drops as Dow hits 12-year low - 24/02/09
The FTSE 100 fell further this morning, after the Dow Jones in New York fell to a 12-year low
The FTSE 100 fell further this morning, after the Dow Jones in New York fell to a 12-year low
UK 'needs to build out of credit crunch' - 24/02/09
A group of influential MPs are calling on the government maintain its building programme through the recession
A group of influential MPs are calling on the government maintain its building programme through the recession
Struggling mortgage holders 'abandoning properties' - 23/02/09
New figures have revealed that 40,000 homes were repossessed in the UK last year, with many Britons finding it impossible to manage their mortgage debt
New figures have revealed that 40,000 homes were repossessed in the UK last year, with many Britons finding it impossible to manage their mortgage debt
RBS prepares for sell-off and job losses - 23/02/09
Royal Bank of Scotland (RBS) is preparing to sell off a number of its assets to focus on the core running of the business
Royal Bank of Scotland (RBS) is preparing to sell off a number of its assets to focus on the core running of the business
Public backs 100 per cent nationalised banks - 23/02/09
Government moves to completely nationalise banks already under partial state control would be supported by the British public, a politics
Government moves to completely nationalise banks already under partial state control would be supported by the British public, a politics
Warnings persist despite retail sales rise - 20/02/09
Consumer spending is still expected to suffer in 2009 despite official figures for January revealing a surprise rise in retail sales
Consumer spending is still expected to suffer in 2009 despite official figures for January revealing a surprise rise in retail sales
FTSE 100 down 2% in early trading - 20/02/09
The FTSE 100 saw a deep fall in early trading heading below the 4,000 mark and its lowest mark of 2009
The FTSE 100 saw a deep fall in early trading heading below the 4,000 mark and its lowest mark of 2009
Obama unveils $275bn housing recovery plan - 19/02/09
Barack Obama has unveiled his much-vaunted blueprint for getting the United States' property market back on its feet
Barack Obama has unveiled his much-vaunted blueprint for getting the United States' property market back on its feet
Mortgage lending: Lowest since 2001 - 19/02/09
Mortgage lending fell 52 per cent on a year ago in January, according the data from the Council of Mortgage Lenders (CML), making it the lowest since 2001
Mortgage lending fell 52 per cent on a year ago in January, according the data from the Council of Mortgage Lenders (CML), making it the lowest since 2001
Rail travel criticised over costs - 19/02/09
British rail passengers are paying more and receiving less value for their money than those in Europe, a study claims
British rail passengers are paying more and receiving less value for their money than those in Europe, a study claims
Payday loan applications 'starting to plateau' - 18/02/09
The number of payday loan applications has started to level off, suggesting that many British people are starting to get their debt problems under control
The number of payday loan applications has started to level off, suggesting that many British people are starting to get their debt problems under control
MPC voted 8-1 for 0.5% Feb cut - 18/02/09
The Bank of England monetary policy committee voted eight members to one for the February 0
The Bank of England monetary policy committee voted eight members to one for the February 0
Relationship breakdowns 'cause debt problems' - 17/02/09
The end of a serious relationship can often lead people into financial difficulty, a British charity has claimed
The end of a serious relationship can often lead people into financial difficulty, a British charity has claimed
Inflation down to three per cent - 17/02/09
Inflation fell to three per cent in January, the Office for National Statistics (ONS) revealed today
Inflation fell to three per cent in January, the Office for National Statistics (ONS) revealed today
Homeowners come out buying - 17/02/09
Homeowners have started to re-enter the property market with a view to snap up a bargain – but first-time buyers are still frozen out
Homeowners have started to re-enter the property market with a view to snap up a bargain – but first-time buyers are still frozen out
'Prioritise debts to avoid repossession' - 16/02/09
Homeowners can stave off the threat of repossession by setting themselves a strict budget and prioritising their debts, it has been claimed
Homeowners can stave off the threat of repossession by setting themselves a strict budget and prioritising their debts, it has been claimed
EDF cuts electricity prices - 16/02/09
EDF Energy is to cut its electricity prices by an average of 8
EDF Energy is to cut its electricity prices by an average of 8
Sales get London high street moving again - 16/02/09
January sales and heavy price discounting helped retail sales increase 6
January sales and heavy price discounting helped retail sales increase 6
Rock shareholders lose compensation claim - 13/02/09
Northern Rock shareholders have lost a judicial review into compensation following the nationalisation of the lender
Northern Rock shareholders have lost a judicial review into compensation following the nationalisation of the lender
Darling meets international finance ministers - 13/02/09
Chancellor Alistair Darling will meet many of his international counterparts in Rome today to set out the basis of a global response to the financial crisis
Chancellor Alistair Darling will meet many of his international counterparts in Rome today to set out the basis of a global response to the financial crisis
Getting into credit card debt 'all too easy' - 13/02/09
British consumers have been warned not to become complacent with their credit cards, as this often leads to serious debt problems
British consumers have been warned not to become complacent with their credit cards, as this often leads to serious debt problems
Budget date set for April 22nd - 12/02/09
This year's Budget will take place on April 22nd, chancellor Alistair Darling has announced
This year's Budget will take place on April 22nd, chancellor Alistair Darling has announced
Sterling falls against dollar - 12/02/09
The pound has slumped against the dollar again after Bank of England chairman Mervyn King said monetary easing measures could be taken soon
The pound has slumped against the dollar again after Bank of England chairman Mervyn King said monetary easing measures could be taken soon
FSA chief quits amid whistleblower claims - 11/02/09
Sir James Crosby has resigned from his position as deputy-chair of the Financial Services Authority (FSA) in the wake of allegations by bankers in front of the Treasury committee yesterday
Sir James Crosby has resigned from his position as deputy-chair of the Financial Services Authority (FSA) in the wake of allegations by bankers in front of the Treasury committee yesterday
Homeowners facing negative equity risk - 11/02/09
The property market slump is putting an increasing number of UK homeowners at risk of negative equity, with many likely to face debt problems if they attempt to sell their house
The property market slump is putting an increasing number of UK homeowners at risk of negative equity, with many likely to face debt problems if they attempt to sell their house
Bank governor warns of deep recession - 11/02/09
The governor of the Bank of England has warned of the "deep recession" facing the UK as he forecasted an annual contraction in the country's economy of four per cent
The governor of the Bank of England has warned of the "deep recession" facing the UK as he forecasted an annual contraction in the country's economy of four per cent
Foreign worker protests reignite - 11/02/09
Protests against EU rules for foreign workers are set to continue today with demonstrations outside two power stations
Protests against EU rules for foreign workers are set to continue today with demonstrations outside two power stations
EU 'must not exclude workers' - 11/02/09
GMB general secretary Paul Kenny has urged the EU to guarantee equal access to work for all ahead of a meeting to discuss economic protectionism
GMB general secretary Paul Kenny has urged the EU to guarantee equal access to work for all ahead of a meeting to discuss economic protectionism
Bankers to MPs: We are sorry - 10/02/09
Four of the men at the centre of the British banking crisis have "unreservedly" apologised while appearing before MPs
Four of the men at the centre of the British banking crisis have "unreservedly" apologised while appearing before MPs
Banks use new system to identify indebted customers - 10/02/09
Borrowers could find it more difficult to access credit from banks due to a new system which gives lenders an "early warning" of the likelihood of future debts
Borrowers could find it more difficult to access credit from banks due to a new system which gives lenders an "early warning" of the likelihood of future debts
High street sales up but 'more stores to close' - 10/02/09
More high street stores could close as consumer spending remains weak, it was warned today
More high street stores could close as consumer spending remains weak, it was warned today
No reward for failure, Brown insists - 09/02/09
Gordon Brown has promised there will be "no rewards for failure" in the banking industry, despite claims from economic analysts that the UK government is going easy on bankers
Gordon Brown has promised there will be "no rewards for failure" in the banking industry, despite claims from economic analysts that the UK government is going easy on bankers
Cameron hires Google boss for crisis team - 09/02/09
Conservative party leader David Cameron has unveiled a new economic recovery committee to discuss strategies to beat the financial crisis, including Eric Schmidt, Google's CEO, as international business adviser
Conservative party leader David Cameron has unveiled a new economic recovery committee to discuss strategies to beat the financial crisis, including Eric Schmidt, Google's CEO, as international business adviser
Prescott uses Facebook to fight banker bonuses - 09/02/09
Former deputy prime minister John Prescott has launched an online campaign on social networking site Facebook to stop failing banks from awarding bonuses to employees
Former deputy prime minister John Prescott has launched an online campaign on social networking site Facebook to stop failing banks from awarding bonuses to employees
FTSE 100 up with gains for Banks - 06/02/09
The FTSE 100 held on to late gains from Thursday this morning, following rises seen in New York
The FTSE 100 held on to late gains from Thursday this morning, following rises seen in New York
SSE cuts energy prices - 06/02/09
Scottish & Southern Energy (SSE) is to cut its gas and electricity prices, the firm announced today
Scottish & Southern Energy (SSE) is to cut its gas and electricity prices, the firm announced today
Figures reveal record bankruptcy levels - 06/02/09
The latest figures from the Insolvency Service show that a record number of people in England and Wales were declared bankrupt in the final quarter of 2008
The latest figures from the Insolvency Service show that a record number of people in England and Wales were declared bankrupt in the final quarter of 2008
Bank of England cuts rates - 05/02/09
The Bank of England has cut interest rates by half a percentage point to a further record low of one per cent
The Bank of England has cut interest rates by half a percentage point to a further record low of one per cent
More homeowners turning to IVAs, says report - 05/02/09
A growing number of British homeowners are using IVAs to address their debt problems, according to a new report from Grant Thornton
A growing number of British homeowners are using IVAs to address their debt problems, according to a new report from Grant Thornton
PM denies world economy in depression - 04/02/09
Gordon Brown has denied thinking the British and world economies are in depression, despite a surprise use of the word during prime minister's questions
Gordon Brown has denied thinking the British and world economies are in depression, despite a surprise use of the word during prime minister's questions
2009 'worst year for UK economy in six decades' - 04/02/09
The British economy will experience its biggest decline in 60 years during 2009, it has been claimed
The British economy will experience its biggest decline in 60 years during 2009, it has been claimed
Wildcat strikes close to conclusion - 04/02/09
A deal has been struck to end the unauthorised strike action taking place across the country
A deal has been struck to end the unauthorised strike action taking place across the country
Robert Peston in dock over economic crisis - 04/02/09
A committee of MPs will grill financial journalists today on their behaviour during the economic crisis
A committee of MPs will grill financial journalists today on their behaviour during the economic crisis
FTSE 100 snowed in - 03/02/09
The FTSE 100 remained frozen against a snowy City backdrop this morning – rising just 0
The FTSE 100 remained frozen against a snowy City backdrop this morning – rising just 0
Osborne reveals plans for 'debt responsibility' - 02/02/09
George Osborne has claimed that a radical overhaul of the banking system could help to tackle the UK's high debt levels
George Osborne has claimed that a radical overhaul of the banking system could help to tackle the UK's high debt levels
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