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Latest News Articles
Housing market keeps financial pressure on young
The housing and mortgage markets continue to pose major challenges, for would-be homeowners in particular, latest data suggest.
March saw a surge in activity, according to the Council of Mortgage Lenders, with a big increase in lending to first time purchasers, who took out 24,000 loans over the month. That’s a rise of 74% compared with February.
Stronger pound boosts holiday spending power
Turmoil in the eurozone is benefitting at least one group of consumers – UK holidaymakers.
The pound has risen strongly against the euro in recent weeks, and that means those planning trips abroad will find their cash stretches further. But, according to Post Office Travel Money, it’s not just countries within the zone which are offering Brits great deals this summer.
Drop in unemployment lifts economic mood
An unexpected fall in unemployment has helped lighten the gloom shrouding the UK economy.
The jobless total fell over the three months to March by some 45,000, leaving it at 2.63 million. That represents the biggest quarterly fall for over a year. With the previous set of figures also showing a decline, it looks as if the labour market has stabilised – in spite of official figures showing the UK is back in recession.
Fuel prices are motorists’ main money worry
Rising fuel costs top the list of concerns affecting UK drivers, according to research from Post Office Car Insurance.
Their figures show that almost three-quarters of motorists are worried about the impact of higher fuel prices. Other major headaches were the overall costs of owning, maintaining and taxing a car, and spiralling insurance premiums.
Major survey signals better job prospects
The outlook for jobs has turned positive for the first time in over a year, according to a survey of more than 1000 employers.
In the quarterly poll conducted for the Chartered Institute of Personnel and Development (CIPD), significantly more employers said they were planning to take on workers than to shed staff. The CIPD puts the ‘net employment balance’ for the first three months of 2012 at +6, up from -8 in the last quarter of 2011.