Money News

Unravelling Brown’s Inflation Conundrum

Prices have risen by 1.2pc in the last 12 months. We know that because the Government says so. It also tells you they've risen by 2pc or even 2.5pc, while your wallet is telling you something else entirely.

May 24, 2004 | Money News

House price boom 'will continue'

House prices look set to rise at a "fairly firm pace" in the coming months, despite the Bank of England's attempts to calm the property market. Some areas of the UK have seen prices rise by 12% since the beginning of the year.

May 19, 2004 | Money News

UK to escape housing crash?

It is thought by some that the UK will escape a house price crash but its soaring property market is likely to cool by the end of next year.

May 12, 2004 | Money News

Bank of England ups interest rates

The Bank of England yesterday raised UK interest rates by a quarter percentage point to 4.25%.

May 7, 2004 | Money News

Housing market not set for crash, says Brown

Gordon Brown dismissed fears that the UK's housing market is heading for a repeat of the crash of the early 1990s when he gave an assessment of the economy to the International Monetary Fund and World Bank in Washington.

Apr 26, 2004 | Money News

UK house prices up 50% on 2002

UK house prices are rising at twice the rate they did in 2003, a survey by property website Rightmove has said.

Apr 19, 2004 | Money News

Bank of England meets today on UK interest rates

A decision on whether the Bank of England will raise lending rates from 4%, for the third time since November, is due at noon today.

Apr 8, 2004 | Money News

Rate rise expected as borrowing continues

The latest figures indicate that the public's growing appetite for spending shows no signs of abating - this is expected to lead to an increase in interest rates next week.

Apr 5, 2004 | Money News

House price growth surprises lenders

Nationwide's monthly house price index shows that property prices grew by 16.7% over the last year and, with an increase of 1.4% between February and March, are continuing to climb.

Mar 31, 2004 | Money News

So what exactly is this tax on dividends?

The FSB's Simon Sweetman outlines what we know so far.

Mar 29, 2004 | Money News

Homes 'Not Reliable as Retirement Income'

During the next twenty years house prices could fall as the UK's population ages and demand for property lessens, the chairman of the Government's Pension Commission warned today.

Mar 25, 2004 | Money News

Chancellor chops 100 per cent IT allowance

Gordon Brown chose not to retain the 100 per cent capital allowance on IT purchases by small companies, despite the hopes of business leaders.

Mar 23, 2004 | Money News

Hard times for debt-ridden first time buyers

First-time buyers are waiting up to six years before stepping on to the property ladder, a report from Bradford & Bingley has suggested.

Mar 22, 2004 | Money News

Inheritance tax change 'only a gesture'

The threshold for inheritance tax (IHT) is to be increased by £8,000 to £263,000, the chancellor announced in his budget speech on Wednesday. Estates that fall above that threshold will be taxed at the usual 40%.

Mar 19, 2004 | Money News

Call for 'fairer' mortgage deals

Mortgage lenders should be required to offer existing customers the cheaper deals they give to new customers, a Treasury-commissioned report has said.

Mar 15, 2004 | Money News

Brown puts squeeze on home owners

British home buyers are paying more than twice as much tax as the European Union average after a series of "stealth taxes" introduced by Gordon Brown since Labour came to power in 1997.

Mar 10, 2004 | Money News

Britons 'favour sin taxes'

British taxpayers' believe that the chancellor should consider introducing 'sin taxes' on household waste and fast food in next week's Budget, according to new research.

Mar 9, 2004 | Money News

First time buyers priced out of market?

First-time buyers can no longer afford to get on to the property ladder in 80 per cent of towns in the UK, according to research.

Mar 8, 2004 | Money News

UK adults waste £5.7bn in tax breaks

IFA Promotion has urged consumers to ensure they are taking advantage of any tax breaks they are entitled to.

Mar 5, 2004 | Money News

Rates 'modest impact' on property prices

Halifax bank, the UK's biggest mortgage lender, warned of the "modest impact" of interest rate rises on the property market as it revealed a slight slowdown in house price growth last month.

Mar 4, 2004 | Money News

UK Interest rate rise more likely as borrowing grows

The prospect of further interest rate rises has not deterred Britons from racking up more debt, as Bank of England figures published on Monday showed borrowing rose in January at the fastest pace in eight months.

Mar 2, 2004 | Money News

Taxpayers hit by new Revenue crackdown

UP to 200,000 people will find themselves paying hefty Inland Revenue surcharges this weekend as the taxman clamps down on late payers.

Mar 1, 2004 | Money News

Nationwide reveals biggest house price increase for two years

Nationwide building society said average prices leapt 3.1% this month - the biggest monthly rise for almost two years. The unexpectedly large increase pushed up the price of a typical home to £138,730 from £134,806 a month ago.

Feb 27, 2004 | Money News

Flexible mortgage misuse can damage your wealth

Mortgage lenders have to be a great deal more lenient to capture business these days. Most allow overpayment, underpayment and payment holidays. These deals are often of great use to freelance and contract workers as the holiday periods can be used during 'dry' periods of work.

Feb 25, 2004 | Money News

Mortgage lending dips in January

Mortgage lending for house purchases slipped to a seven-month low in January, according to the Council of Mortgage Lenders (CML).

Feb 20, 2004 | Money News

Council tax 'could be replaced'

Ministers are considering replacing the council tax with a mixture of property levy and income tax, it is reported.

Feb 19, 2004 | Money News

Pensions Bill - Annuity benefits set to become more complex ?

Until the Government announced its Pensions Bill last week the drive towards pension and annuity simplification was gaining momentum. Yet far from simplifying the prescriptive benefits inherent to pension annuities, it has now aggravated the problem by introducing another layer of LPI (Limited Price Indexation) benefits from April 2005.

Feb 18, 2004 | Money News

'All clear' for self-cert loans

Lenders have adequate controls in place to sell self-certification mortgages, the UK's financial watchdog has said.

Feb 12, 2004 | Money News

UK savers waste £110m worth of tax breaks

According to new research, UK savers will waste £110m this year by saving or investing without fully utilising their annual ISA allowance.

Feb 11, 2004 | Money News

UK interest rates tipped to rise

The Bank of England is widely expected to raise interest rates for the first time since November later on today.

Feb 5, 2004 | Money News

                             

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