Archive for June, 2007

Consumer confidence in the economy has risen dramatically following Tony Blair’s announcement that he is stepping down as Prime Minister.
Consumers were upbeat about finances in May and felt comfortable that things would continue to be good over the coming months, as Chancellor Gordon Brown prepares to take over the premiership.
Six in 10 people believe that […]

More than two in five (40%) of first-time buyers don’t know the difference between a leasehold and freehold property according to a new “Safe as Houses” homebuyer report from AA Legal Services.

 The campaign is a public awareness programme geared to help homebuyers make informed house purchase decisions. 
But the research has found that around 20% of […]

Buy now, lie later

New research from Halifax Home Insurance reveals a quarter of Britons (8.5 million) chose to ‘Buy Now, Lie Later’ over the last year, deliberately hiding the true cost of purchases from their partners or family.
These secret spending Britons distorted the true cost of purchasing items by an average of £772 each over the last twelve […]

Research by moneysupermarket.com has revealed that 69% of Brits do not have mobile phone insurance.
Just under half think it is too expensive, despite the price comparison site showing that Asda and FoneShield offer annual cover for £36. With more mobiles than people in the UK and 800,000 thefts a year, the survey reveals a surprising […]

Many economic experts believe that the Bank of England will keep interest rates on hold at 5.5% this week, as a result of weak retail spending figures from high street shops.

Reuters surveyed 58 economists, with 53 predicting no change in rates when the Bank’s Monetary Policy Committee meets tomorrow. The result of the meeting will […]

Credit card firms are increasing the amount of money they charge customers who make cash withdrawals, analysis from MoneyExpert.com reveals.
The average APR charged for customers using an ATM and not clearing the balance is now around 23.5% - up more than two per cent compared with 21.3% in November 2006.
Sean Gardner, chief executive of MoneyExpert.com, […]

Research has revealed that many UK motorists are paying over the odds for third party car insurance when they could be better off choosing a fully comprehensive policy.
The figures, from Insurancewide.com, show that drivers aged over 35 with cars worth less than £2,500 are paying on average between £500 and £700 for third party cover […]

The main legacy of Gordon Brown’s 10 years as Chancellor has been increased taxes, according to a report compiled by accountants Grant Thornton.
The tax burden on ordinary people has risen by the equivalent of 10p on the basic rate of income tax. The conclusions were published on the eve of Tax Freedom Day, the day of the […]

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