European equities markets were lower Wednesday after Standard and Poor’s downgrade of Spain to “negative”, predicting that the nation could see its debt rating downgraded in two years in the absence of government moves now.
The FTSE 100 was down 0.37 percent to 5,203.89 in London, while the FTSE 250 fell 1.24 percent to 8,919.49 after [...]
Demand for second hand cars is in decline as consumers increasingly opt to buy new models under the car scrappage scheme.
Research by Sainsbury’s Finance found 8% of adults plan to buy, or have bought, a used car between September 2009 and February 2010.
This is compared to the 10% of consumers who planned a used car [...]
Newly retired pensioners on an annuity pension are receiving nearly half the income of those who retired 15 years ago, research has found.
Annuity rates have hit record lows, plummeting by 45% since 1994.
Annuities are used by people with defined contribution pensions, or personal pensions, to convert their savings into a retirement income.
A 65-year-old man will [...]
At today’s Pre-Budget Report, Chancellor of the Exchequer Alistair Darling unveiled measures to claw back money in order to pay off the UK’s spiralling debt.
Mr Darling confirmed there would be a one-off 50% tax on bankers’ bonuses paid above £25,000.
The Chancellor said the banks, rather than the bankers, will pay the tax and the temporary [...]
Potential first-time buyers who are dreading the end of the stamp duty holiday are being cheered on by moneysupermarket.com.
The price comparison website has calculated that the number of mortgage products available to those keen to get a foot on the property ladder has risen to 1,354, up 18.3% on August’s low.
The firm’s mortgages channel manager, [...]
Yahoo took almost £250 from our account but only give us one day’s notice and failed to explain what the charge was for. Is this allowed?
