News
News Archive
August 2008
Simple IVA's news pages, keep an eye on the latest Finance & Money News.Child trust fund generation turns 6 - 30/08/08
Monday September 1st sees the sixth birthday of the first children given child trust funds by the government
Monday September 1st sees the sixth birthday of the first children given child trust funds by the government
University town property boom - 30/08/08
University towns have experienced a property boom over the past five years, as student demand forces prices ever higher
University towns have experienced a property boom over the past five years, as student demand forces prices ever higher
More subprime borrowers falling into arrears - 29/08/08
The number of Britons falling behind with repayments on subprime mortgages hit a new record during the second quarter, in the latest sign that more and more consumers are struggling with debt
The number of Britons falling behind with repayments on subprime mortgages hit a new record during the second quarter, in the latest sign that more and more consumers are struggling with debt
Final energy providers hike gas and electricity prices - 29/08/08
ScottishPower and npower both increased gas and electricity prices today
ScottishPower and npower both increased gas and electricity prices today
Land Registry figures head south - 29/08/08
The latest figures from the Land Registry reveal house price growth in the UK has fallen into the red for the first time
The latest figures from the Land Registry reveal house price growth in the UK has fallen into the red for the first time
Blanchflower calls for big interest rate cuts - 29/08/08
The UK economy needs interest rate cuts, a member of the Bank of England's monetary policy committee (MPC) said today
The UK economy needs interest rate cuts, a member of the Bank of England's monetary policy committee (MPC) said today
FTSE 100 holds position - 29/08/08
The FTSE managed to hold onto yesterday's US-provoked gains today standing up 0
The FTSE managed to hold onto yesterday's US-provoked gains today standing up 0
Bradford & Bingley profits nosedive - 29/08/08
Bradford & Bingley (B&B) has presented "disappointing" financial results for the first half of the year following a turbulent period for the bank
Bradford & Bingley (B&B) has presented "disappointing" financial results for the first half of the year following a turbulent period for the bank
Parents invest £3.3bn in children's sporting success - 29/08/08
Sport costs families £700 per annum as parents find themselves driving 400 miles a year transporting future Olympic gold medal winners
Sport costs families £700 per annum as parents find themselves driving 400 miles a year transporting future Olympic gold medal winners
Wi-Fi internet leaves users at fraud risk - 29/08/08
A sixth of home wireless internet users are leaving themselves open to ID fraudsters by not protecting their connection
A sixth of home wireless internet users are leaving themselves open to ID fraudsters by not protecting their connection
Nationwide: House prices down 10.5% - 28/08/08
The average property in the UK has lost more than a tenth of its value over the last year, according to the latest research from Nationwide
The average property in the UK has lost more than a tenth of its value over the last year, according to the latest research from Nationwide
High street gloom continues in wet August - 28/08/08
UK high street gloom continued in August with disappointing summer sales and poor weather hitting stores
UK high street gloom continued in August with disappointing summer sales and poor weather hitting stores
Diageo profits hold firm but challenges expected - 28/08/08
Guinness brewer Diageo today revealed its profits took a minor fall as it admitted entering a challenging period
Guinness brewer Diageo today revealed its profits took a minor fall as it admitted entering a challenging period
iPhone hit by misleading web claims - 27/08/08
Apple has been rapped by advertising watchdogs for claiming its new iPhone could surf the whole internet
Apple has been rapped by advertising watchdogs for claiming its new iPhone could surf the whole internet
Northern Rock loses deputy chairman - 27/08/08
Northern Rock today revealed its deputy chairman was leaving the company
Northern Rock today revealed its deputy chairman was leaving the company
Student credit card debts stand at £220 - 27/08/08
Research from Halifax shows just 37 per cent of students have credit cards and the average balance is just £220
Research from Halifax shows just 37 per cent of students have credit cards and the average balance is just £220
Bank data sold on eBay - 26/08/08
UK bank details of over a million people have been discovered on a computer sold on eBay
UK bank details of over a million people have been discovered on a computer sold on eBay
Katona loses bankruptcy battle - 26/08/08
Former-pop star and reality TV show fixture Kerry Katona has been declared bankrupt after failing to make repayments on an outstanding tax bill, it has been announced
Former-pop star and reality TV show fixture Kerry Katona has been declared bankrupt after failing to make repayments on an outstanding tax bill, it has been announced
Pocket money crunch bites UK children - 25/08/08
UK children are seeing a crunch on pocket money as parents tighten purse strings
UK children are seeing a crunch on pocket money as parents tighten purse strings
Consumers cut non-essential spending as living costs soar - 22/08/08
Britons are cutting back their spending on luxuries, as reduced limits imposed by companies on credit card debt and soaring bills hit their disposable income, a new survey has shown
Britons are cutting back their spending on luxuries, as reduced limits imposed by companies on credit card debt and soaring bills hit their disposable income, a new survey has shown
Recession fears grow as UK economy comes to standstill - 22/08/08
The UK economy hit a standstill in the second quarter of the year, recording zero per cent growth, sparking fears of a recession
The UK economy hit a standstill in the second quarter of the year, recording zero per cent growth, sparking fears of a recession
Conservatives plan to offer energy discounts - 22/08/08
The Conservative party is launching plans for low-income families unable to receive direct debit energy discounts to receive money off their gas and electricity bills
The Conservative party is launching plans for low-income families unable to receive direct debit energy discounts to receive money off their gas and electricity bills
TUC calls for new bank holiday - 22/08/08
As many as one million businesses in England – nearly a fifth of the total - could benefit from a new bank holiday, according to the TUC
As many as one million businesses in England – nearly a fifth of the total - could benefit from a new bank holiday, according to the TUC
Mortgage lenders turn screw on homeowners - 21/08/08
Lenders are continuing to squeeze Britons for higher repayments on their mortgage debt, a new survey has shown
Lenders are continuing to squeeze Britons for higher repayments on their mortgage debt, a new survey has shown
Shares in US mortgage giants slump - 21/08/08
Shares in American mortgage giants Freddie Mac and Fannie Mae have continued to slump, following rumours of a further government bailout
Shares in American mortgage giants Freddie Mac and Fannie Mae have continued to slump, following rumours of a further government bailout
Profits up 8% at Coventry - 21/08/08
The Coventry Building Society has announced an eight per cent increase in profits during the first half of 2008
The Coventry Building Society has announced an eight per cent increase in profits during the first half of 2008
Pawnbroker profits rises as gold prices rise - 21/08/08
Pawnbroker H&T Group has reported a 39 per cent profit rises as Brits turn to traditional means of raising cash
Pawnbroker H&T Group has reported a 39 per cent profit rises as Brits turn to traditional means of raising cash
Bank of England still split on interest rate - 20/08/08
The Bank of England's interest rate setters were again stuck this month in a tripled-headed stand-off over the future of the cost of borrowing
For the second month running, seven members of the monetary policy committee (MPC) voted to maintain the status quo of interest rates at five per cent, while one member (Tim Besley) voted for an increase of 0
The Bank of England's interest rate setters were again stuck this month in a tripled-headed stand-off over the future of the cost of borrowing
For the second month running, seven members of the monetary policy committee (MPC) voted to maintain the status quo of interest rates at five per cent, while one member (Tim Besley) voted for an increase of 0
Mortgage lending to fall sharply in 2008 - 20/08/08
Mortgage lending in the UK economy is predicted to fall dramatically in 2008 and continue to decline in 2009, as the credit crunch refuses to loosen its grip, according to new research
Mortgage lending in the UK economy is predicted to fall dramatically in 2008 and continue to decline in 2009, as the credit crunch refuses to loosen its grip, according to new research
Bank's Besley: We will fight inflation not cut interest rate - 19/08/08
Interest rate cuts remain unlikely as long as inflation remains high, a leading member of the Bank of England's monetary policy committee (MPC) today warned
Interest rate cuts remain unlikely as long as inflation remains high, a leading member of the Bank of England's monetary policy committee (MPC) today warned
Binge credit rate tarts look for trusted brands - 19/08/08
Rate tarts are ditching switching cards and accounts and looking for trusted financial brands in the current inclement economic interlude, according to new research
Rate tarts are ditching switching cards and accounts and looking for trusted financial brands in the current inclement economic interlude, according to new research
Brits carry on abroad thanks to savings - 19/08/08
Brits are using their savings to fund holidays, according to new research
Brits are using their savings to fund holidays, according to new research
FTSE 100 up and down - 18/08/08
The FTSE 100 saw a roller coaster day, with initial falls, mid-morning rallies and a fall for tea
The FTSE 100 saw a roller coaster day, with initial falls, mid-morning rallies and a fall for tea
Jobless total to hit 2m - 18/08/08
Fears that more and more consumers will struggle with unmanageable debt this year have been raised further with the prediction that the number of Britons out of work is set to hit its highest level for over a decade
Fears that more and more consumers will struggle with unmanageable debt this year have been raised further with the prediction that the number of Britons out of work is set to hit its highest level for over a decade
Woolworths ditches Iceland offer - 18/08/08
Woolworths today rejected a bid for the company worth tens of millions of pounds
The retailer described the offer from a consortium headed by the Iceland boss Malcolm Walker for its 815 UK stores as "unacceptable" saying such a deal would involve a complex restructuring and undervalued the chain
Woolworths today rejected a bid for the company worth tens of millions of pounds
The retailer described the offer from a consortium headed by the Iceland boss Malcolm Walker for its 815 UK stores as "unacceptable" saying such a deal would involve a complex restructuring and undervalued the chain
More homeowners at risk of repossession - 15/08/08
The number of homeowners at risk of repossession rose by 24 per cent during the second quarter, as more and more Britons struggled with unmanageable mortgage debt
The number of homeowners at risk of repossession rose by 24 per cent during the second quarter, as more and more Britons struggled with unmanageable mortgage debt
Brits worried over soaring energy bills - 14/08/08
Consumers are becoming increasingly concerned over their ability to pay their energy bills, as soaring living costs and higher debt repayments begin to take their toll on people's personal finances
Consumers are becoming increasingly concerned over their ability to pay their energy bills, as soaring living costs and higher debt repayments begin to take their toll on people's personal finances
Mining and oil lifts FTSE 100 - 14/08/08
Mining and oil stocks led a slight recovery for the FTSE 100 this morning, following yesterday's falls
Mining and oil stocks led a slight recovery for the FTSE 100 this morning, following yesterday's falls
Older Britons 'facing debt mountain as retirement looms' - 13/08/08
Millions of Britons approaching retirement age are still saddled with thousands of pounds of debt, a new study has shown
Millions of Britons approaching retirement age are still saddled with thousands of pounds of debt, a new study has shown
Mortgage debt problem spreading to rental sector - 13/08/08
More and more Britons are falling behind with their rent repayments, in a sign that the debt problem being faced by homeowners is now spreading to the rental sector
More and more Britons are falling behind with their rent repayments, in a sign that the debt problem being faced by homeowners is now spreading to the rental sector
CPI inflation up to 4.4% - 12/08/08
The consumer price index (CPI) – the government measure of inflation - has increased to 4
The consumer price index (CPI) – the government measure of inflation - has increased to 4
FTSE 100 stays over 5,500 - 11/08/08
The FTSE 100 broke through and stayed above the 5,500 barrier today, closing up 0
The FTSE 100 broke through and stayed above the 5,500 barrier today, closing up 0
Brits 'pay highest petrol prices in Europe' - 11/08/08
Debt-hit Britons are paying more for petrol than residents of any other major European country, it has been announced
Debt-hit Britons are paying more for petrol than residents of any other major European country, it has been announced
Factory gate inflation at 10% - 11/08/08
Factory gate inflation rose over ten per cent in July, while costs of goods entering factories rose by 30
Factory gate inflation rose over ten per cent in July, while costs of goods entering factories rose by 30
Water firms reveal price rises - 11/08/08
Water bills are set to rise above inflation in some areas in the next five years, squeezing household incomes
Water bills are set to rise above inflation in some areas in the next five years, squeezing household incomes
Economy 'will be uncomfortable' - 11/08/08
The CBI has warned members the downturn in the economy could be more severe than previously feared
The CBI has warned members the downturn in the economy could be more severe than previously feared
Teens start saving early to avoid uni debt - 09/08/08
Teenagers are starting to save early – in some cases at the age of 11 – to avoid student debt
Teenagers are starting to save early – in some cases at the age of 11 – to avoid student debt
Regulator urges banks to prepare for difficult climate - 09/08/08
Financial Services Authority (FSA) chief executive Hector Sants has urged consumers and the financial sector to prepare for difficult economic times
Financial Services Authority (FSA) chief executive Hector Sants has urged consumers and the financial sector to prepare for difficult economic times
FTSE 100 drops on Georgia war - 08/08/08
The FTSE 100 saw an oil stock collapse this afternoon as news of Russia tanks rolling into the Georgian province of South Ossetia hit the city
The FTSE 100 saw an oil stock collapse this afternoon as news of Russia tanks rolling into the Georgian province of South Ossetia hit the city
Citigroup forced into $20bn security buy-back - 08/08/08
Citigroup faces having to buy-back billions of dollars worth of securities following a deal with US regulators
Citigroup faces having to buy-back billions of dollars worth of securities following a deal with US regulators
Single mums turning to saving - 08/08/08
Single mums are more concerned about saving for their children's future than getting themselves out of debt, according to new research
Single mums are more concerned about saving for their children's future than getting themselves out of debt, according to new research
'Oil crunch' looms on horizon - 08/08/08
A new report has warned an 'oil crunch' looms on the global horizon, unless there is a dramatic reduction in demand
A new report has warned an 'oil crunch' looms on the global horizon, unless there is a dramatic reduction in demand
Halifax: House prices down 8.8% - 07/08/08
House prices in the UK have continued to fall, according to the latest House Price Index from the Halifax
House prices in the UK have continued to fall, according to the latest House Price Index from the Halifax
FTSE 100 stabilises - 07/08/08
The FTSE 100 maintained its position today flirting with the 5,500 mark
The FTSE 100 maintained its position today flirting with the 5,500 mark
Britons turning to debt to live day-to-day - 07/08/08
The soaring cost of living means that families are being forced to rely more and more on loans and credit card debt, it has been discovered
The soaring cost of living means that families are being forced to rely more and more on loans and credit card debt, it has been discovered
BA executives charged with price fixing - 07/08/08
Three former British Airways executives and one current employee face the threat of jail after being charged with price fixing
Three former British Airways executives and one current employee face the threat of jail after being charged with price fixing
Interest rates held at five per cent - 07/08/08
Interest rates have been held at five per cent for the fourth consecutive month by the Bank of England
Interest rates have been held at five per cent for the fourth consecutive month by the Bank of England
Global insurance firms crunched - 07/08/08
Global insurance companies today announced losses and profits slumps as the credit crunch starts to bite the industry
Global insurance companies today announced losses and profits slumps as the credit crunch starts to bite the industry
FTSE 100 heads back over 5,500 - 07/08/08
The FTSE 100 broke the 5,500 barrier this morning – rising 0
The FTSE 100 broke the 5,500 barrier this morning – rising 0
Friends Provident profits down 20% - 07/08/08
Friends Provident today reported a 20 per cent drop in profits for the first half of the year
Friends Provident today reported a 20 per cent drop in profits for the first half of the year
Parents' pensions paying for children's university - 07/08/08
Parents are risking their financial security to ensure their offspring's education is completed
Parents are risking their financial security to ensure their offspring's education is completed
Lenders criticised over home seizures - 06/08/08
Lenders have been heavily criticised for adopting an unsympathetic attitude towards borrowers struggling with mortgage debt
Lenders have been heavily criticised for adopting an unsympathetic attitude towards borrowers struggling with mortgage debt
Standard Life profits up 51% after annuity deal - 06/08/08
A deal to reinsure annuity liabilities has pushed Standard Life profits up 51 per cent
A deal to reinsure annuity liabilities has pushed Standard Life profits up 51 per cent
Permanent job placements plummet - 06/08/08
Permanent job placements in the UK economy have fallen to the lowest level since the aftermath of the terrorist attacks on New York almost seven years ago
Permanent job placements in the UK economy have fallen to the lowest level since the aftermath of the terrorist attacks on New York almost seven years ago
Northern Rock loss hits £585m - 05/08/08
Nationalised bank Northern Rock today announced a loss of £585
Nationalised bank Northern Rock today announced a loss of £585
Couple take to shed after lender seizes home - 05/08/08
A couple have been reduced to sleeping in an allotment shed after struggling to pay their mortgage debt
A couple have been reduced to sleeping in an allotment shed after struggling to pay their mortgage debt
New help for vulnerable workers 'in dark corners' - 05/08/08
Employers who abuse vulnerable workers are being targeted by a new government initiative
Employers who abuse vulnerable workers are being targeted by a new government initiative
Interest rake hike 'could pile on debt pressure' - 04/08/08
Homeowners and borrowers could be placed under more debt pressure this week if the Bank of England opts to curb inflation with an interest rate hike, an economist has warned
Homeowners and borrowers could be placed under more debt pressure this week if the Bank of England opts to curb inflation with an interest rate hike, an economist has warned
FTSE 100 closes down 0.5% - 04/08/08
The FTSE 100 lost this morning's one per cent gain to close Monday down 0
The FTSE 100 lost this morning's one per cent gain to close Monday down 0
Business confidence drops across UK - 04/08/08
Business confidence was down in all regions of the UK this month
Business confidence was down in all regions of the UK this month
FTSE 100 up 1% - 04/08/08
The FTSE 100 put aside initial morning losses to rise over one per cent this morning
The FTSE 100 put aside initial morning losses to rise over one per cent this morning
1 in 5 Rock mortgages face negative equity - 04/08/08
One in five Northern Rock mortgage customers could face negative equity in the coming year as house prices fall
One in five Northern Rock mortgage customers could face negative equity in the coming year as house prices fall
British Energy £12bn takeover hits rocks - 01/08/08
British Energy's proposed takeover from French-owned EDF is on the rocks, putting the government's energy policy in peril
British Energy's proposed takeover from French-owned EDF is on the rocks, putting the government's energy policy in peril
Homeowners flocking to take out IVAs - 01/08/08
The number of cash-strapped homeowners opting for individual voluntary arrangements (IVAs) surged during the second quarter of the year, it has been revealed
The number of cash-strapped homeowners opting for individual voluntary arrangements (IVAs) surged during the second quarter of the year, it has been revealed
FTSE 100 drops 0.5% - 01/08/08
The FTSE 100 fell on opening after yesterday's stagnation putting the index down 0
The FTSE 100 fell on opening after yesterday's stagnation putting the index down 0
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