UK Finance News

For many of us the festive season is a time for over indulgence, be it over eating or drinking or over spending on presents for our families and loved ones. It is often our credit cards that take the brunt of the cost for the season and nothing brings on the January blues quite like [...]

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The Bank of England have announced that they will pump another £25billion into the quantitative easing programme, taking it to a total of £200billion in what analysts believe will be the last expansion of the scheme to revive the UK economy.
The bank say that it will take another three months to complete bond purchases through [...]

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While repossessions dropped by 10% in the last figures issued by the Council of Mortgage Lenders covering April to June 2009, there were still over 11,400 repossessions made during that period.  Surprisingly a quarter of those were voluntary-homeowners who have fallen into mortgage arrears but rather than seek help available from the Government or their [...]

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There was a surge in mortgage approvals for house purchases in September, reaching the highest figure for 18 months and once again surprising the financial ‘experts.’
The number of mortgages approved for September was 56,215, rising from 52,970 in the previous months and well above economists estimates of 54,000.
While consumer confidence in house purchases currently increases [...]

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The Centre for Economics and Business Research (CEBR) has predicted years of low interest rates, tax rises and spending cuts for the UK in the latest economic forecast.
The CEBR believes that the record low interest rate will remain at its current level of just 0.5% until at least 2011 and do not foresee the rate [...]

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