Archive | February, 2008
New homes could become uninsurable
According to officials from the Association of British Insurers many new homes could become uninsurable against flood damage, making them unsaleable and in some cases inhabitable. The ABI states that in order to avoid compromising the availability of flood insurance cover on new homes strong planning controls need to come into place. The ABI has stated [...]
Continue reading...More US Rate Cuts Are Coming
20. February 2008
As the Governor of the Bank of England, Mervyn King, says that people should not expect the level of base rates cuts that have been talked about for 2008, in the United States they are talking about further slashes in their interest rates. Federal Reserve chairman Ben Bernanke alluded to further interest rate cuts in the [...]
Continue reading...Rate cut could benefit many homeowners
19. February 2008
A recent report has indicated that many borrowers and homeowners could benefit from the 0.25% interest rate cut announced by the Bank of England earlier this month, as nine out of the ten top lenders quickly announced that they would be passing on the full 0.25% cut to borrowers – some announcing this within hours [...]
Continue reading...Brits carry more plastic than other Europeans
19. February 2008
A recent poll has revealed that Brits carry more plastic in their wallets than consumers in any other Western European country, reflecting just how reliant the nation has become on spending on plastic. The survey, carried out by Datamonitor, showed that the average Brit carried 2.8 plastic cards. In 2002 this figure was just 204, and [...]
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21. February 2008
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