News Archive - Articles Published during February 2009
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Desperate Small Firms 'Turning to Family Loans'20 Feb 2009 | by Peter Wakeford
Confidence in banks has collapsed as the lenders tighten their criteria in the financial crisis.
Confidence in banks has collapsed as the lenders tighten their criteria in the financial crisis.
Mortgage Lenders 'Taking Steps To Avoid Repossessions'20 Feb 2009 | by Peter Wakeford
Lenders are making efforts to avoid repossessions, with actual figures for 2008 lower than earlier forecasts.
Lenders are making efforts to avoid repossessions, with actual figures for 2008 lower than earlier forecasts.
Government's £7 billion Tax Gap20 Feb 2009 | by Michael Ross
A drop in tax receipts from businesses and individuals has led to increased debts for the government.
A drop in tax receipts from businesses and individuals has led to increased debts for the government.
FTSE Falls Again As Gloom Deepens20 Feb 2009 | by Peter Wakeford
Investors remain deeply negative on future recovery prospects, as the markets fall once more.
Investors remain deeply negative on future recovery prospects, as the markets fall once more.
British Women 'Risk Debt Nightmare in Recession'20 Feb 2009 | by Michael Ross
The 'equal opportunities' recession is leaving many women vulnerable - with almost half admitting they would struggle financially almost immediately after losing their job.
The 'equal opportunities' recession is leaving many women vulnerable - with almost half admitting they would struggle financially almost immediately after losing their job.
Credit Card Spending Rises20 Feb 2009 | by Peter Wakeford
The latest data has revealed that spending on credit cards increased in the last quarter of 2008.
The latest data has revealed that spending on credit cards increased in the last quarter of 2008.
Bill Gates Gives $12.5m to Bring Mobile Banking to 20 million of World's Poor20 Feb 2009 | by Charlotte Cardingham
The magnate's charitable foundation has donated $12.5million to fund mobile banking in the developing world.
The magnate's charitable foundation has donated $12.5million to fund mobile banking in the developing world.
Economy Damaged as Brits Cut Spending23 Feb 2009 | by Peter Wakeford
Households are spending up to £3,500 less per year as the credit crunch bites - potentially worsening the economic downturn.
Households are spending up to £3,500 less per year as the credit crunch bites - potentially worsening the economic downturn.
Car Insurance Cuts Planned by Credit-Crunched Britons23 Feb 2009 | by Mark Harris
Some could be left underinsured in the event of an accident as a result of the cutbacks, a provider has warned.
Some could be left underinsured in the event of an accident as a result of the cutbacks, a provider has warned.
Prime Minister 'Plans New Mortgage Initiatives'23 Feb 2009 | by Peter Wakeford
Prime minister Gordon Brown has called for a new approach to the mortgage marketing which could see 100 percent mortgages banned.
Prime minister Gordon Brown has called for a new approach to the mortgage marketing which could see 100 percent mortgages banned.
Arrears Charges Criticised23 Feb 2009 | by Peter Wakeford
Charging borrowers who fall behind on mortgage payments have been deemed 'unfair' with experts calling for fees to be waived.
Charging borrowers who fall behind on mortgage payments have been deemed 'unfair' with experts calling for fees to be waived.
Older Brits 'Keeping Savings Steady'23 Feb 2009 | by Peter Wakeford
Prudent over-50s are saving and spending as normal, despite the pressures from the credit crunch.
Prudent over-50s are saving and spending as normal, despite the pressures from the credit crunch.
Rental Market Attracting New Audience23 Feb 2009 | by Peter Wakeford
A new audience is turning to the property rental sector as an alternative to buying, the National Association of Estate Agents (NAEA) has said.
A new audience is turning to the property rental sector as an alternative to buying, the National Association of Estate Agents (NAEA) has said.
Property Prices Present 'Once In A Lifetime' Chance 23 Feb 2009 | by Peter Wakeford
Homeowners are taking advantage of the recent drop in house prices to purchase their dream properties, one estate agent has said.
Homeowners are taking advantage of the recent drop in house prices to purchase their dream properties, one estate agent has said.
RBS 'Will Shrink Balance Sheet'23 Feb 2009 | by Peter Wakeford
Job cuts and a new 'bad bank' unit are planned for the downsizing firm, reports have indicated.
Job cuts and a new 'bad bank' unit are planned for the downsizing firm, reports have indicated.
Holidaymakers 'Becoming More Adventurous'23 Feb 2009 | by Mark Harris
Britons are making more 'adventurous' holiday plans and choosing mid and long-haul destinations, ABTA has revealed.
Britons are making more 'adventurous' holiday plans and choosing mid and long-haul destinations, ABTA has revealed.
Criticism Levelled at Energy-Saving Initiative23 Feb 2009 | by Jayne Davison
The schemes might not be used by a big majority of householders, according to an industry expert.
The schemes might not be used by a big majority of householders, according to an industry expert.
Consumer Group Slams FSA For With-Profits Rule Change24 Feb 2009 | by Peter Wakeford
A new consultation document from the regulator significantly amends previous guidance, over the question of whether or not with-profit funds should be used for compensating other customers.
A new consultation document from the regulator significantly amends previous guidance, over the question of whether or not with-profit funds should be used for compensating other customers.
Many Brits 'Don't Save, and Don't Plan To'24 Feb 2009 | by Peter Wakeford
One in seven people feel unwilling to start building up a nest egg, with rate cuts from the Bank of England and the economic downturn taking their toll.
One in seven people feel unwilling to start building up a nest egg, with rate cuts from the Bank of England and the economic downturn taking their toll.
Young People 'Neglect Life Insurance'24 Feb 2009 | by Mark Harris
Young people fail to see the benefit of life insurance and are neglecting to invest in financial protection policies.
Young people fail to see the benefit of life insurance and are neglecting to invest in financial protection policies.
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