Archive for January 27th, 2009

Lord Mandelson unveils £2bn package for UK’s struggling car industry

This afternoon, Business Secretary, Lord Mandelson, unveiled a rescue package of £2.3 billion for the UK’s ailing car industry.
The package comes after months of pressure on the Government to take action after the Society of Motor Manufacturers and Traders (SMMT) warned that the industry was “battling” for its survival.
Many car manufacturers have been forced [...]

Housing Struggles in Recession

A report by Hometrack found that house prices fell by 9% in the year to January, giving an average house price of £158,000. Given the huge decline in mortgage approvals, this decrease of only 9% seems relatively modest. Unsurprisingly the biggest decrease in house prices came in Central London where house prices fell 18%.
The length [...]

An ‘instant’ pension can pay 10.7%

Pensioners-desperate for income could earn more than 10% on a slice of their savings by exploiting a quirk in the rules

Bill Hutt

Ireland takes over Post Office savings

More than 500,000 Post Office deposit account holders have been switched to the Irish government’s protection scheme

Post Office-interior