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News Archive
November 2008
Simple IVA's news pages, keep an eye on the latest Finance & Money News.House price drop may increase relationship breakdowns - 28/11/08
Every ten per cent house price drop will cause an extra five per cent of couples to split, according to new analysis
Every ten per cent house price drop will cause an extra five per cent of couples to split, according to new analysis
Govt lending to UK firms proposed by Tories - 28/11/08
David Cameron has pledged the Conservatives would help UK firms through the credit crunch by directly underwriting banks' lending to them
David Cameron has pledged the Conservatives would help UK firms through the credit crunch by directly underwriting banks' lending to them
People with credit card debt 'should seek help' - 28/11/08
Consumers struggling to pay their credit card debts should solicit advice to help tackle the problem, according to Apacs
Consumers struggling to pay their credit card debts should solicit advice to help tackle the problem, according to Apacs
Currys & PC World: £30m loss - 27/11/08
DSG International – owner of Currys and PC World – recorded a loss of £29
DSG International – owner of Currys and PC World – recorded a loss of £29
Blanchflower: I wanted to stop crisis - 27/11/08
The Bank of England should have acted earlier to cut interest rates, monetary policy committee (MPC) member David Blanchflower said today
The Bank of England should have acted earlier to cut interest rates, monetary policy committee (MPC) member David Blanchflower said today
Administrators called in at MFI - 26/11/08
MFI is to face administrators as the furniture giant became the latest victim of the economic crisis today
MFI is to face administrators as the furniture giant became the latest victim of the economic crisis today
UK on verge on bankruptcy, says Osborne - 26/11/08
Shadow chancellor George Osborne has accused Alistair Darling of driving Britain to the brink of bankruptcy with "reckless" economic policies
Shadow chancellor George Osborne has accused Alistair Darling of driving Britain to the brink of bankruptcy with "reckless" economic policies
US spends $800 billion more in fixing credit crisis - 25/11/08
US authorites are to spend an additional $800 billion (£523 million) shoring up the nation's finances
US authorites are to spend an additional $800 billion (£523 million) shoring up the nation's finances
Tories win chance to debate 'Budget' - 25/11/08
The Conservative party has won the right to a full parliamentary debate of yesterday's Pre-Budget Report
The Conservative party has won the right to a full parliamentary debate of yesterday's Pre-Budget Report
Bankruptcy levels on the rise in East Anglia - 25/11/08
A growing number of people are declaring bankruptcy in East Anglia as debt problems in the area become more severe, it has emerged
A growing number of people are declaring bankruptcy in East Anglia as debt problems in the area become more severe, it has emerged
Mortgage industry backs Crosby report - 25/11/08
Mortgage experts have backed the Crosby report but are disappointed the government will not look into its recommendations until the spring
Mortgage experts have backed the Crosby report but are disappointed the government will not look into its recommendations until the spring
Are you a pre-Budget winner or loser? - 25/11/08
Alistair Darling's Pre-Budget Report saw rises in national insurance contributions, increases in personal tax allowances for some, the loss of personal tax allowances for others and the headline grabbing VAT cut – but will you be better off?
Labour claims those earning under £40,000 will be better off because of the measures, but the Conservatives says all those earning over £20,000 will be worse off
Alistair Darling's Pre-Budget Report saw rises in national insurance contributions, increases in personal tax allowances for some, the loss of personal tax allowances for others and the headline grabbing VAT cut – but will you be better off?
Labour claims those earning under £40,000 will be better off because of the measures, but the Conservatives says all those earning over £20,000 will be worse off
Pre-Budget 2008: VAT cut as high-earner tax introduced - 24/11/08
Chancellor Alistair Darling has announced a 2
Chancellor Alistair Darling has announced a 2
Debt 'forcing homeowners to sell up' - 24/11/08
A growing number of UK property owners are putting their homes on the market due to financial difficulties, research has indicated
A growing number of UK property owners are putting their homes on the market due to financial difficulties, research has indicated
'Permanent scar' left on UK economy by credit crisis - 24/11/08
The financial crisis will leave a "permanent scar" on the UK economy, new analysis claims
The financial crisis will leave a "permanent scar" on the UK economy, new analysis claims
'VAT reductions' part of rescue measures - 23/11/08
The government could reduce the rate of Value Added Tax by up to 2
The government could reduce the rate of Value Added Tax by up to 2
Benefits of IVAs explained - 21/11/08
An IVA can enable people to solve their financial problems while avoiding the severe penalties of bankruptcy
An IVA can enable people to solve their financial problems while avoiding the severe penalties of bankruptcy
HBOS rival deal ditched - 21/11/08
A proposed rival bid for Halifax Bank of Scotland (HBOS) has been dropped
A proposed rival bid for Halifax Bank of Scotland (HBOS) has been dropped
Banks 'must start lending' - 21/11/08
All banks should be nationalised as a last resort if they refuse to lend to small businesses, the chairman of the Treasury select committee has suggested
All banks should be nationalised as a last resort if they refuse to lend to small businesses, the chairman of the Treasury select committee has suggested
Repossessions up 12 per cent - 21/11/08
Repossessions rose 12 per cent in the third quarter of 2008, while the number of homes falling three months behind on their mortgages rose by 8
Repossessions rose 12 per cent in the third quarter of 2008, while the number of homes falling three months behind on their mortgages rose by 8
World stock markets fall below credit crisis lows - 20/11/08
Fresh fears over the global downturn have seen stock markets around the world plunge
Fresh fears over the global downturn have seen stock markets around the world plunge
Banks putting rate up, not down, report warns - 20/11/08
A number of the leading UK high street banks are moving to take advantage of the current economic crisis by putting their credit card and personal loan interest rates up, it has been reported
A number of the leading UK high street banks are moving to take advantage of the current economic crisis by putting their credit card and personal loan interest rates up, it has been reported
FTSE 100 down close to 5% - 19/11/08
The FTSE 100 dropped in late trading today to close the day down 4
The FTSE 100 dropped in late trading today to close the day down 4
Bank of England all behind 1.5% cut - 19/11/08
The Bank of England's monetary policy committee (MPC) unanimously voted to cut interest rates by 1
The Bank of England's monetary policy committee (MPC) unanimously voted to cut interest rates by 1
Estate agents see prices drop - 19/11/08
Estate agents are calling on the government for further action to inject some life into the housing market
Estate agents are calling on the government for further action to inject some life into the housing market
MPs grill Bradford and Bingley chiefs - 18/11/08
The heads of rescued bank Bradford & Bingley (B&B) have been accused of acting like a "financial Michael Fish" prior to its nationalisation
The heads of rescued bank Bradford & Bingley (B&B) have been accused of acting like a "financial Michael Fish" prior to its nationalisation
FTSE 100 down 2.38% - 17/11/08
The FTSE 100 lost last Friday's brief optimism today, dropping over two per cent amid mounting global recession fears
The FTSE 100 lost last Friday's brief optimism today, dropping over two per cent amid mounting global recession fears
CBI: Unemployment to peak at 3m - 17/11/08
Unemployment is likely to peak at close to three million in the UK as the economic outlook worsens, business leaders warn
Unemployment is likely to peak at close to three million in the UK as the economic outlook worsens, business leaders warn
House prices drop as sellers told to cut prices - 17/11/08
Average asking prices for homes fell further in November – down 7
Average asking prices for homes fell further in November – down 7
IVAs 'can help to tackle debts' - 14/11/08
An IVA could help people with serious debt problems get their financial affairs back under control, according to the Daily Mirror
An IVA could help people with serious debt problems get their financial affairs back under control, according to the Daily Mirror
Debt figures 'only tip of the iceberg' - 14/11/08
Government estimates of current debt levels in the UK do not tell the full story, according to a report
Government estimates of current debt levels in the UK do not tell the full story, according to a report
Eurozone officially falls into recession - 14/11/08
The eurozone economies were today confirmed to be in recession
The eurozone economies were today confirmed to be in recession
FTSE 100 up 3% - 14/11/08
The FTSE 100 jumped over three per cent this morning after a dour few days in London
The FTSE 100 jumped over three per cent this morning after a dour few days in London
RBS 'plans to cut 3,000 jobs' - 14/11/08
Royal Bank of Scotland is reported to be slashing 3,000 jobs
Royal Bank of Scotland is reported to be slashing 3,000 jobs
Financial experts predict "insolvency explosion" - 14/11/08
The number of Britons taking out IVAs and initiating bankruptcy proceedings is set to rise significantly in the next three years, as more people require assistance to manage their debts
The number of Britons taking out IVAs and initiating bankruptcy proceedings is set to rise significantly in the next three years, as more people require assistance to manage their debts
Homeowners massively off true house price - 14/11/08
The average homeowner thinks their house dropped £1,233 in value in the last three months, 60 times less than actual falls
The average homeowner thinks their house dropped £1,233 in value in the last three months, 60 times less than actual falls
Tax breaks announced for online Christmas shoppers - 13/11/08
HM Revenues & Customs (HMRC) is dropping tax on internet shopping for non-EU purchases up to £105 (€150)
Currently customs duty is paid on goods bought outside the EU worth over £18 – but this threshold is being raised to £105 from December 1st
HM Revenues & Customs (HMRC) is dropping tax on internet shopping for non-EU purchases up to £105 (€150)
Currently customs duty is paid on goods bought outside the EU worth over £18 – but this threshold is being raised to £105 from December 1st
Crackdown for loan insurance - 13/11/08
The Competition Commission (CC) today issued plans outlawing the sale of payment protection insurance (PPI) within 14 days of a loan
The Competition Commission (CC) today issued plans outlawing the sale of payment protection insurance (PPI) within 14 days of a loan
BT to cut 10,000 jobs - 13/11/08
Telecoms giant BT says it plans to cut 10,000 jobs by the end of the current financial year, despite reporting a four per cent revenue increase in its second quarter
Telecoms giant BT says it plans to cut 10,000 jobs by the end of the current financial year, despite reporting a four per cent revenue increase in its second quarter
Recession confirmed for German economy - 13/11/08
Germany has succumbed to global economic woes by officially falling into recession today
Germany has succumbed to global economic woes by officially falling into recession today
FTSE 100 makes up early falls - 13/11/08
The FTSE 100 made up ground from early drops this morning, despite more falls seen last night in New York
The FTSE 100 made up ground from early drops this morning, despite more falls seen last night in New York
1 in 5 children secretly shopping online with parents' credit cards - 13/11/08
A fifth of British children are shopping online using their parents' credit card details without their knowledge, according to a new poll
A fifth of British children are shopping online using their parents' credit card details without their knowledge, according to a new poll
More interest rate cuts on the way - 12/11/08
More interest rates could be in the pipeline, Bank of England governor Mervyn King hinted today
More interest rates could be in the pipeline, Bank of England governor Mervyn King hinted today
Mortgage holders 'seeking help with IVAs' - 12/11/08
A growing number of homeowners are using IVAs to ease the pressure of mortgage payments and other debts, it has been claimed
A growing number of homeowners are using IVAs to ease the pressure of mortgage payments and other debts, it has been claimed
Unemployment approaches six per cent - 12/11/08
Unemployment has reached its highest levels since 1997, hitting 1
Unemployment has reached its highest levels since 1997, hitting 1
FTSE 100 rises on opening - 12/11/08
The FTSE 100 jumped over 4,300 on opening – after yesterday's falls
The FTSE 100 jumped over 4,300 on opening – after yesterday's falls
UK savings raided to make ends meet - 12/11/08
Britons are cutting the amount they save, but they are yet to raid their savings
Britons are cutting the amount they save, but they are yet to raid their savings
Stressed Brits 'under pressure from debt' - 11/11/08
A growing number of people in the UK are struggling with debts which have a detrimental effect on their health, it has been claimed
A growing number of people in the UK are struggling with debts which have a detrimental effect on their health, it has been claimed
High street faces worst sales in three years - 11/11/08
The UK high street faced the worst sales in October for three years
The UK high street faced the worst sales in October for three years
Mandelson sees new role for "reassuring" Post Office - 11/11/08
A leaked letter has revealed the government may be reconsidering its plans for the Post Office
A leaked letter has revealed the government may be reconsidering its plans for the Post Office
FTSE 100 down on opening - 11/11/08
The FTSE 100 was down this morning after drops overnight in Asia and New York
The FTSE 100 was down this morning after drops overnight in Asia and New York
Surveyors see hope in poor property market - 11/11/08
Levels of home buying are still falling, but estate agents are seeing some early positive signs of recovery in the property market
Levels of home buying are still falling, but estate agents are seeing some early positive signs of recovery in the property market
Consumer morale strikes record low - 10/11/08
UK consumer confidence has fallen to a record low, according to the British Retail Consortium (BRC)
UK consumer confidence has fallen to a record low, according to the British Retail Consortium (BRC)
Job crunch hits recession Britain - 10/11/08
UK job creation is at a standstill as employers take a downbeat view of the economy
UK job creation is at a standstill as employers take a downbeat view of the economy
Factory gate prices fall 1% - 10/11/08
Prices of goods heading out of UK factories were down one per cent in October
Prices of goods heading out of UK factories were down one per cent in October
Nationwide profits drop 18% - 10/11/08
Nationwide's profits fell 18 per cent over the last six months
Nationwide's profits fell 18 per cent over the last six months
Interest rate cut 'not enough for housing market' - 07/11/08
The Bank of England yesterday cut interest rates by 1
The Bank of England yesterday cut interest rates by 1
Banks pass on lending cuts - 07/11/08
More high street lenders have cut their lending rates after the 1
More high street lenders have cut their lending rates after the 1
EU 'united' on financial reforms - 07/11/08
Gordon Brown and Nicolas Sarkozy say the European Union is united on proposed reforms to the international financial system
Gordon Brown and Nicolas Sarkozy say the European Union is united on proposed reforms to the international financial system
US jobless total at 14-year high - 07/11/08
The US unemployment rate has grown to its highest level since 1994, new official data show
The US unemployment rate has grown to its highest level since 1994, new official data show
Bankruptcies rise 9.5% as credit crunch hits economy - 07/11/08
The third quarter of 2008 saw 27,087 individual insolvencies in England and Wales
The third quarter of 2008 saw 27,087 individual insolvencies in England and Wales
Royal Worcester & Spode goes to the wall - 07/11/08
Pottery marker Royal Worcester & Spode has become the latest victim of the credit crunch
Pottery marker Royal Worcester & Spode has become the latest victim of the credit crunch
FTSE 100 up after rate cut falls - 07/11/08
The FTSE 100 rose this morning, after its recent rally came to a close yesterday following the Bank of England's decision to cut interest rates to three per cent
The FTSE 100 rose this morning, after its recent rally came to a close yesterday following the Bank of England's decision to cut interest rates to three per cent
Lenders 'must pass on rate cut' - 07/11/08
Banks and mortgage providers have been urged to pass on today's major interest rate cut to people struggling with debt immediately
Banks and mortgage providers have been urged to pass on today's major interest rate cut to people struggling with debt immediately
Top business broker's IVA revealed - 07/11/08
Amanda Staveley is still working through the latter stages of an IVA, despite being one of the most high-profile businesswomen in the UK
Amanda Staveley is still working through the latter stages of an IVA, despite being one of the most high-profile businesswomen in the UK
High street Christmas set to be blue - 07/11/08
High street sales are set to record zero per cent growth this Christmas
High street sales are set to record zero per cent growth this Christmas
Consumer confidence jumps despite recession - 05/11/08
Consumer confidence rose in October – despite the global banking crisis and the threat of recession
Consumer confidence rose in October – despite the global banking crisis and the threat of recession
Job vacancies tumble - 05/11/08
The number of job vacancies has fallen to its lowest level in over a decade, a survey of recruiters has found
The number of job vacancies has fallen to its lowest level in over a decade, a survey of recruiters has found
Soaring debt could leave Brits facing bankruptcy - 03/11/08
More Britons could be set to take out individual voluntary arrangements in the new year as the latest statistics from Credit Action have revealed rising levels of debt in the approach to Christmas
More Britons could be set to take out individual voluntary arrangements in the new year as the latest statistics from Credit Action have revealed rising levels of debt in the approach to Christmas
Volatile FTSE ends grim October on high - 01/11/08
The FTSE 100 index ended a remarkable October month on a high after notching up its highest ever gains for a week
The FTSE 100 index ended a remarkable October month on a high after notching up its highest ever gains for a week
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