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Finance News

December - A Base Rate Cut to 5.5% should help many people in hte run up to Christmas. Those with Base Rate Trackers should see an immediate change in their mortgages.

November - An Experian report indicates that house prices could drop over half the country over the next 18 months. Difficulties in gaining a mortgage offer and potential hice price drops are putting people off buying.

October - Britain faces it's first recession for 16 years, warn experts. Buy-To-let investors and first time buyers are particularly exposed to the growing economic problems.

October - In the wake of the Northern Rock crisis the Government has promised savers it will protect the first £35,000 of their savings, with further changes next year potentially protecting up to £100,000.

October - House prices fell by 0.6% in September, following the Northern Rock crisis and the recent interest rate rises.

Car Insurance

Car Insurance compulsory if you are intending to keep a vehicle.

At least, third party insurance is required. This will pay out to any third parties (drivers, pedestrians, passengers etc) in the event of an accident that you are responsible for.

But third party insurance does not cover your own car. For this, you will need to look at comprehensive cover. This is the only level of cover some insurers will offer on certain high value cars.