Thrifty Loans

Central Banks Unite To Avoid Recession

In an unprecedented move the three most powerful central banks in the world have joined forces in an attempt to head off a global recession. The Bank of England, the US Federal Reserve and the European Central Bank have launched a £50bn bid to try and stave off the problems being caused by the world-wide credit [...]

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Confidence In Property Has Plummeted

A December poll has shown a complete loss of confidence in the property market as just one in five believes that average house prices will increase in 2008. The poll said that three-quarters of the respondents expected property prices to fall in the next 12 months, and just over half thought that prices would drop by [...]

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Mortgages in the UK are at their worst in 15 years

According to the Council of Mortgage and Lenders, the UK’s mortgage affordability has become the worst that it has been in 15 years. This was announced as figures from October showed that interest rates have consumed the highest levels of income. The market has been watched constantly over the last year. Figures have shown that first [...]

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Consumer Confidence Takes A Dive

British consumer confidence has plummeted to its lowest level for almost five years, which will add to the downwards spiral fears for the economy. A key indicator of future spending, the GfK index of consumer confidence, continued its recent downward trend to its lowest mark since March 2003. Indeed consumer desire to spend on major items [...]

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