Archive for August, 2010
How long will gold remain the golden goose for investors?
The price of gold has soared in recent years, but experts warn that the bubble could burst all too easily The popularity of gold has rocketed in recent years, reflecting the investor stampede to traditional safe havens at a time of extreme volatility in equity and property markets. The gold price has soared from around [...]
Mortgage lending on the rise
Mortgage lending rose by 5% in July, compared to June, but remains down 3% year on year Mortgage lending rose by 5% in July compared to the previous month, to £13.6bn, but was down 3% from £14bn in July 2009, supporting claims that the housing market is slowing down. The gross lending figures, published by [...]
House repossessions fall 4% but CCCS sounds warning
The number of house repossessions fell 4% in the second quarter, but debt advice charity CCCS sees the picture worsening The number of homes taken into possession by lenders remained relatively stable in the second quarter, according to figures published by the Council of Mortgage Lenders (CML), but the figure is expected to rise again [...]
Ministers consider rates cap on legal loan sharking
demanding action to stamp out legal loan sharking. The government is already committed to curbing rates on store and credit cards, but not the high cost of credit for Britain’s 3 million poorest borrowers. The campaign to end legal loan sharking, organised by the centre-left pressure group Compass, includes church groups and academics, debt advice [...]
Public sector pensions embargo delays divorcing couples
Government moves to link public sector pensions to the CPI mean projected pension values cannot be calculated Thousands of public sector workers are being denied information about the value of their pensions by the government while it implements changes laid out in the recent budget. The problem will primarily affect workers who are in the [...]
