- The government gets tougher with lending institutions
Gordon Brown and Alistair Darling have started putting pressure on the banks to release their tight credit policies in the wake of world-wide liquidity crisis.More...
- Bank of England cuts rates
In a historic decision taken by the Bank of England, the premier finance institution of UK has finally resorted to the much-awaited rate cut, much to the delight of the citizens of UK.More...
- Is liquidity crisis here to stay?
Currently, liquidity crisis is something that has engulfed the entire United Kingdom economy. But for how long ? It is the question that is baffling the minds of all people living in the world's fourth largest economy.More...
- Retail sector heading for a slump across Britain
After 1990, the next 12 months or a year is likely to be the slowest period for Britain's retailers.More...
- Nationwide cut its mortgage rates
The biggest building society of Britain, Nationwide, has announced cuts in its mortgage rates.More...
- The rate of interest is stagnant now
There will not be any change in the interest rate due to inflation and the increased oil prices.More...
- The gap between the richest and the poorest widening
The credit crunch and the growing pressure of inflationary forces has broadened the income gap in the UK. More...
- Adair Turner to be handed over the reins of FSA
There are very strong possibilities that Adair Turner might be named as the Chairman of Financial Services Authority. If it gets fructified then it will be first high-profile responsibility for the man after near-fall of the Northern Rock, the mortgage bank. More...
- The Global Crisis of Credit Crunch Affects Nationwide
The largest building society of Britain "Nationwide" has seen a 40 percent drop in home loans over the past year and as the credit crunch forced it to rely on savings to fund mortgage lending, its market share has also shrunk. More...
- UK Funds get a big Boost with Stocks and Bonds
Finding some assets cheaper the British fund managers cut cash during the last month and raised the equity and bond holdings. More...
- Banks receive £50bn loan to control credit crunch
In order to allow the banks to swap their risky mortgage-backed assets with government bonds, the Bank of England has unveiled plans to provide £50 bn to the financial system. More...
- No more unlimited shopping with plastic money
A credit survey by the Bank of England reveals that lenders have reduced the mortgage credit availability in the last three months to mid-March. More...
- BoE survey indicates tight credit availability
A credit survey by the Bank of England reveals that lenders have reduced the mortgage credit availability in the last three months to mid-March. More...
- Market instability calls for swift decision
The lenders in the UK loan market are changing their home loan offers quite frequently as they assess the changes in the money markets. More...
- Banks start avoiding short-term financing
Short term financing has made the UK financial market volatile. To check this vulnerability, FSA has ordered a sharp reduction in the approval of short term financing and unsecured loans. More...
- Tracker mortgages in demand
The demand for tracker mortgages is high in the UK market as there are strong indications that interest rates may fall next month. More...
- Consumers losing confidence since September
According to a survey, the consumers have been losing confidence regularly since September when Northern Rock, UK's one of the biggest mortgage lender collapsed. More...
- Home loan approvals continue to fall
The number of mortgage approvals for purchasing house fell for a consecutive fifth month in November 2007. More...
- Credit availability to squeeze further
Experts predict that the credit conditions in the UK financial markets are not likely to improve at least in the first few months of 2008. ... More...
- High interest rates hit consumer services
Martin McAfferty, adviser at the Confederation of British Industry said... More...
- No change in interest rate
It is indeed welcome news for all those who have obtained secured loans... More...
- Affordable home for young consumers
Good news for first-time buyers, as government is planning to introduce an affordable housing scheme... More...
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