Repossessions by mortgage lenders as borrowers struggle to make the repayments on their UK investment in property rose sharply by 9% in the second half of 2006.
The Council of Mortgage Lenders (CML) reported that 8,860 homes were taken back in the period, up from 8,140 in the first half of the year. This means that […]

Organising your money, and especially managing credit well, is the way to find true happiness, according to research from lender Picture Financial.
Over half (62%) of respondents said they felt happier when they knew exactly where they stood in relation to their finances. This is particularly true amongst women, with 64% claiming to be happier when their […]

More and more people are willing to take the risk of driving illegally on Britain’s roads, with figures from the Driver and Vehicle Licensing Agency (DVLA) showing that the number of untaxed drivers has jumped 76% in two years to 2.1 million.
Rather than taking time to compare car insurance and pay their premiums, the number of […]

Many of the top store card providers have been slated by the Financial Services Authority (FSA) for failings in the selling of card protection insurance policies.
The main stores affected are Debenhams, Mothercare, Miss Selfridge, TopShop, B&Q and Asda, and holders of store cards with these retailers could be in line for refunds.
The insurance that has come under the FSA’s […]

The defunct Longbridge car plant, shut for almost two years after the demise of Rover, is to restart production of MG models under the auspices of Chinese owner Nanjing Automobile, which has made a big UK investment in the plant, within the next few months.
A spokesperson for Nanjing said that its purpose was to “revive, […]

New mortgage approvals for December fell compared the previous month, according to figures from the Bank of England.
December saw 113,000 new homeloans approved, down from 129,000 in November, and significantly below the average of the previous six months as fewer people made a UK investment into property. However, in terms of the amount of money lent […]

Manchester has been chosen as the venue for the first UK investment in a ’super-casino’ that will hold up to 1,250 unlimited-jackpot fruit machines.
Large casino licences have been granted to Milton Keynes, Newham, Solihull, Kingston-upon-Hull and Southampton among other venues, while Bath and North East Somerset, Luton and Torbay are among the towns granted smaller […]

Promotion is often more important than salary in securing staff loyalty to a company, according to a survey by employment agency Manpower, and as a UK investment in people it is hard to beat.
The survey - conducted amongst 800 workers and 1,700 bosses around the UK - found the main reason why people switch companies is career advancement, followed […]