Pound falls to 6-month Euro low, ready for the October break

Families taking the last opportunity of going away to the Eurozone in school holidays this year will find the break more expensive than during the summer, after the Pound fell to a Euro low that has not been seen since April. Losing 2 cents in just 36 hours of trading, the pound now stands at [...]

Government to hit the banks where it hurts for getting us into this fine mess

Chancellor George Osborne has promised to hit the banks as hard as he can without causing a mass exodus from the UK. As part of the crippling cutbacks that are being imposed to try to reign in the biggest budget deficit in peacetime, Mr Osborne is to impose a £2.5bn annual levy on the banks. [...]

Your ISA will be able to save more from next year

It has been announced that maximum that you can save into your ISA from next April will increase by slightly more than originally planned. The government had promised to increase the maximum that a person can add to an ISA each year according to September’s measure of retail price index (RPI) inflatio. However, this would [...]

Sterling hits 8 month dollar high

The pound hit an 8-month high against the US Dollar today of $1.610 before falling back slightly to $1.603. This movement, compared to the exchange rate 4 months ago of $1.43 has come whilst the pound has fallen slightly against the Euro. Today’s changes were caused by the US monetary chief’s hint that their own [...]

Highest home rental prices on record

Home rental prices have hit their highest ever on record, due to the number of people unable to get a mortgage to buy a property. Across the country, the average rental fee is a staggering £689 a month, with this average creeping up towards £1,000 a month in the London area. With an average annual [...]

Cold Weather Payments Could Be Slashed

Millions of pensioners could face a cut in one of their lucrative benefits if proposals go ahead to slash the Cold Weather Payments Benefit. Currently, this payment of £25 is paid to all pensioners when the temperature in their area drops below 0c for 7 days in the area in which they are living. Yesterday, [...]

Inflation holds at 3.1% for September

The Bank of England’s vain hope that inflation might be under control have been dashed with the announcement that Consumer Price Index inflation has stuck at 3.1% for the 3rd month in a row. This is considerably more than the Bank’s 2% target and having steadied, is showing no sign of heading in the correct [...]

The Dollar hits a 15-year low against the Yen

The US Dollar has weakened against a raft of currencies, taking it to a 15-year low against the Yen of just 81.37 yen per US Dollar. Although it has recovered ever so slightly to 81.99 Yen, it is not far from the all time low of 79.75 yen, which was reached in April 1995. Whilst [...]

Falling house prices mean that gazundering is back

The fall of house prices over recent months means that potential buyers are waiting until almost the moment of exchange of contracts before trying to bargain down the vendor. This practice, known as gazundering (the opposite of gazumping, whereby the vendor accepts a higher offer between offer and exchange) is not illegal in England or [...]

Watching The Way Young Drivers Drive

I like the way this clever little gadget works. In an order to cut down on the cost of young driver’s insurance insurethebox can provide their clear box GPS tracking system. What this does is to track the movement of the car and feedback the way it is being driven, such as speeds travelled at, [...]

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