UK Finance News

Recent research by Yorkshire Building Society shows that the number of mortgage borrowers now on their respective lenders’ SVRs (Standard Variable Rates) is over 2.3 million, representing 28% of the total mortgage market.
Typically these households have come off fixed term discounted mortgage deals which were available two or more years ago.  Lenders SVRs, currently averaging [...]

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Almost every entrepreneur and small business owner has been there at least once. You come up with and put into practice an idea to start something you believe is special and therefore very important to you, something that you think could shape your destiny and that could lead to a safe and secure future for [...]

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The pound has risen to its highest level against the Euro since November 2008 as markets show concern ahead of a deadline this week for European banks to repay loans taken out a year ago at low interest rates.
The European Central Bank will offer funds on Wednesday to banks looking to repay loans later [...]

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The new UK coalition government announced today that it would focus on reducing the record deficit running at 11% GDP as a priority during their elected term.
“The deficit reduction programme takes precedence over any of the other measures in this agreement, and the speed of implementation of any measures that have a cost to the [...]

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Not quite a u-turn, but Germany’s no nonsense Chancellor Angela Merkel has agreed to support the European financial aid package for Greece, but only if  ‘certain conditions are met.’
Merkel made it clear that Germany would play its part in order to ensure the stability of the euro, but warned that Greece must be ready to [...]

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