Archive for May, 2009
Every crisis is an opportunity – this time it’s the chance to spend less
The trope is ingrained in mythology, from the ancient Egyptian idea of the phoenix being reborn from flame to the Arthurian tale of the Fisher King, whose barren kingdom is re-nourished by the Holy Grail. It is ingrained in language: the original ancient Greek word “crisis” also translates into opportunity, as White House chief of [...]
Credit card companies back down on charges
Consumers who have complained about increased credit card interest rates have won compensation in almost all cases over the past year, The Sunday Times can reveal. A string of providers — including Nationwide building society and online bank Egg — have increased rates charged to customers as the recession bites, in some cases by as [...]
How Low Can the UK Stock Market Go
As the UK stock market remains close to its six-year low point of 3,512, investors are asking whether that marks the bottom, or whether the market will crash down through its recent low. Paul Kavanagh, a partner at Killik & Co, the stockbroker, thinks the market will go lower and that investors are in for [...]
Egg scraps cash withdrawals
Thousands of savers with Egg, the internet bank, will no longer be able to access their money at cash machines after the provider said it would scrap the facility from next month. The change on June 30 will affect the 11,000 customers who have the bank’s Cash Card savings account – “only” 3,000 of whom, [...]
Halifax Unsecured Personal Loans
Halifax Unsecured Personal Loans For an online loan of between £7,000 – £25,000, a Halifax Unsecured Personal Loan could be the answer. Use our loan calculator to find out how much you can borrow, then apply online for an instant personal loan. Personal Loans are available to both new and existing customers. Product Benefits 8.9% [...]
Money Printing Starting to Work
At the inflation report on Wednesday, the Bank’s Governor will point towards the Bank’s own internal calculations which show that the amount of cash flowing around the economy is starting to pick up. The money supply figures – M4 adjusted for the effects of complex financial market fluctuations – show a slight increase in money [...]
Working Adults in Poverty
The numbers of working adults struggling below the poverty line has jumped by 10 per cent, figures released today show. The latest government statistics reveal the startling rise in the number of adults who are struggling to make ends meet in the wake of the global financial crisis. The Department for Work and Pensions’ Households [...]
FTSE 100 Up Since the Last Six Months
The FTSE 100 enjoyed its best month in six years during April as improving bank and financial stocks pushed up the index of the UK’s top firms by more than 8%. Traders witnessed a wave of confidence return to the market with the index posting overall growth of 8.1% – its best since April 2003. [...]
Personal Bankruptcies in the UK
A disturbing picture of ‘Broke Britain’ has emerged as personal bankruptcies soared to a record high and company failures leapt 56 per cent. Some 19,062 people were declared bankrupt during the first three months of the year – 23.4 per cent more than during the same period of 2008. The increase is a legacy of [...]
