The Governor of the Bank of England, Mervyn King, must be getting quite a headache at the present time due to the state of the economy in the UK.
Inflation has steadily increased over the course of the year, reaching a level of 4.7 per cent in August, forcing the Monetary Policy Committee (MPC) to maintain [...]
The Governor of the Bank of England will have been sat behind his desk this week writing another letter which begins “Hello Darling” as he is required to write to the Chancellor of the Exchequer, Alistair Darling, to explain the reasons why the rate of inflation has risen once again and is still well in [...]
The US banking sector is today still reeling from its latest blow, following the announcement yesterday (15th September) from the investment bank giant, Lehman Brothers, that it was filing for bankruptcy.
This is the latest in a line of American banks which have fallen victim to the global credit crunch and only just over a week [...]
Over the course of the last year, since the beginning of the credit crunch, we have been constantly bombarded with the news that property prices in the UK have fallen on a month by month basis, slowly and inexorably chipping away at the level of equity which British home owners hold in their properties above [...]
We are all aware that the average price of a house in the UK has dropped over the course of the last twelve months and the figures as to exactly how much they have dropped by can vary greatly depending on factors such as, the type of property, which region of the country it is [...]
Anybody who is working in the housing or home loan markets will be quick to let you know how difficult times are for them at the moment.
Whether it is an estate agent, mortgage loan broker, builder or surveyor, business is quiet as the market continues to stagnate, following the effects of the credit crunch.
A recent [...]
The number of first time buyers entering the housing and mortgage loan market has been steadily reducing over the course of the past twelve months, but it looks as though they may have to be classified as an endangered species before too long, if the current trend continues.
According to the latest figures from the Council [...]
