Exchange rates: What next for the pound?
What determines the strength of the pound, the latest expert views as to whether it will recover in 2010, and latest market and tourist rates
Archive for 2008
Mortgage approvals down 60%
The British Bankers’ Association (BBA) has reported that UK mortgage lending fell sharply in November.
Approvals for house purchases were down 14% on October and 60% year-on-year, to a record low of 17,773.
The average amount borrowed was £117,000, down nearly 24% on November 2007.
Meanwhile, remortgaging approvals fell in volume to 29,798, compared with 52,452 in [...]
UK car production suffers huge fall
Figures from the Society of Motor Manufacturers and Traders (SMMT) have revealed that the number of cars built in November in the UK was down 33% compared with the same month last year.
A fall in demand for new vehicles in the UK and overseas was attributed to the severe decline.
Meanwhile, production of commercial vehicles fell [...]
Sterling sinks: euro is now worth record 95p
Sterling sank like a stone today as the world gave its verdict on the deterioration of the UK economy and the government’s finances
Gross mortgage lending down 51% on the year
The Council of Mortgage Lenders (CML) has reported that gross mortgage lending in November stood at around £14.6 billion.
During the month, the value of home loans provided by CML members fell 22% on October and 51% on November of 2007.
The Council points out that while there is typically a decline in gross lending from October [...]
Save on Electricity costs
….. understand your consumption and cut it where you can.
You might think that the fastest way to saving on Electricity costs is to change your supplier for a cheaper one and whilst that is undoubtedly true, you may do better by understanding how much energy you use and how you can change your habits.
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