Monday view:As Gordon Brown prepares what could be his last Pre-Budget Report Shadow Chancellor George Osborne paints a picture of the UK economy under the Tories
Tag: Economy
This Is Money: Pay-as-you-go Costing More
Thrifty callers opting for pay-as-you-go to cut costs could be indulging in a false economy according to a study questioning their value
MoneyExpert: Welsh Assembly Urged To Boost Mortgage Holder Numbers
The Council of Mortgage Lenders (CML) is stating that affordable housing is imperative to the future health of the Welsh economy, following reports that the number of first-time buyers has fallen significantly.
Figures indicate that first-time buyer activity has recently fallen to the second lowest level since 1991, with only 4,300 first-time buyers having bought a home between July and September this year.
Speaking at the CML annual conference in Cardiff, CML Cymru chairman Mick McGuire raised the issue of housing affordability in Wales, citing it as a “key issue” for new buyers and suggesting that more be done on a policy level to resolve the problem.
“With fewer numbers of first-time buyers managing to get on the property ladder, the CML urges the Welsh Assembly government to look at innovative ways of helping those people who want to become homeowners to do so,” stated Mr McGuire.
“This could be done by encouraging low-cost home ownership or by expanding the HomeBuy scheme.”
Those looking for the best mortgage rate, including first-time buyers, are now searching a UK market with average house prices of over £200,000, according to the latest Land Registry figures.
MoneyExpert: Balls: Credit Unions Can Now Offer Larger Loans
Ed Balls, the economic secretary to the Treasury, has highlighted how credit unions are now able to offer larger loans over longer periods.
MoneyExpert: Consumers To Reduce Borrowing, Says Report
Those intending to reduce the amount owed on credit cards in the next six months outnumber those who plan to borrow more, new research has found.
Motley Fool: Lessons From Interest Rate Hikes
It is looking increasingly likely that the Bank of England may increase interest rates next month. The Monetary Policy Committee will meet again in early November to decide whether the British economy is strong enough to sustain another base rate hike.
This Is Money: Bull Brown Predicts Growth
A bullish Gordon Brown yesterday delivered his most upbeat assessment yet of the outlook for the economy
This Is Money: Rate Rise ‘needed’ Say City Experts
More weight was put behind the case for a rate rise today after an influential City report said both the housing market and the economy need to be cooled
Scotsman: ‘Interest Rate Rises Needed’ To Slow Boom
FURTHER increases in interest rates next year look more likely as a new forecast shows the UK economy set to outperform its growth targets, on the back of continued strength in the housing and financial markets.
This Is Money: Growth Surge Shoes In Rate Rise
An interest rate rise appears almost certain next month as figures show the economy growing at its fastest rate for more than two years