UK Finance News

Figures released by mortgage lender Halifax show that the number of people owning their own homes, dropped by 83,000 to 14,538 million last year, recording the largest fall on record going back to 1966. It is the second year to show a fall in home ownership.
Chief Economist at Halifax, Martin Ellis said:
“The fall in the [...]

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The Chancellor Alistair Darling’s Capital Gains tax rethink could be wide open to abuse it is claimed, with the authorities trusting almost entirely the honesty of business people.
The controversial “Entrepreneurs Relief” will not be tracked by the Revenue and Customs and they decided not to keep records stating that “It would not be the best use [...]

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Britains largest banks are making £2 million a day by withholding last weeks quarter point interest rate cut, The Times reports today.
The countries biggest mortgage lenders, including Abbey, Halifax, Nationwide and  Woolwich were quick to follow the line of the Bank of England, by passing the saving on to their customers on variable rate mortgages.
However those [...]

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