Reuters: Personal Finance News

Nationwide revives 125 percent mortgage

Thu, 09 Jul 2009 14:25:24 +0100

LONDON (Reuters) - Nationwide has brought back the 125 percent home loan, seen as a symbol of the reckless lending that contributed to the banking crisis, but said eligibility for the deal would be strictly limited.

Interest rates left unchanged

Thu, 09 Jul 2009 12:20:22 +0100

LONDON (Reuters) - The Bank of England surprised markets by announcing no expansion of its quantitative easing scheme on Thursday as it left interest rates unchanged at a record low of 0.5 percent for a fourth month running.

Government makes life more expensive for banks

Thu, 09 Jul 2009 09:21:33 +0100

LONDON (Reuters) - The government unveiled a blueprint on Wednesday aimed to prevent a re-run of the credit crunch that forced it to bail out banks with billions of pounds of taxpayers' money.

House prices fall 0.5 percent in June

Wed, 08 Jul 2009 10:56:11 +0100

LONDON (Reuters) - House prices fell a smaller-than-expected 0.5 percent in June, taking the annual rate of decline to an 11-month low of 12.5 percent, figures from mortgage lender Halifax showed on Wednesday.

Job market decline smallest in 13 months

Wed, 08 Jul 2009 10:56:58 +0100

LONDON (Reuters) - The pace of decline in the job market continued to ease in June, with permanent placements falling at their slowest rate in more than a year, a survey showed on Wednesday.

Consumer confidence rises in June

Wed, 08 Jul 2009 11:00:37 +0100

LONDON (Reuters) - Consumer confidence rose in June as people became more optimistic about the future of the economy, a survey showed on Wednesday.

Competition body pushes ahead with PPI plans

Wed, 08 Jul 2009 08:36:29 +0100

LONDON (Reuters) - Britain's competition watchdog said on Wednesday it was pressing ahead with its clampdown on the sale of payment protection insurance , pending the outcome of an appeal by Barclays .

Britain still in recession in second quarter

Tue, 07 Jul 2009 07:16:46 +0100

LONDON (Reuters) - The economy is not yet out of recession despite a marked easing in the pace of decline in the manufacturing and services sectors in the second quarter, a survey by the British Chambers of Commerce suggested on Tuesday.

Housing market financing improving

Tue, 07 Jul 2009 13:23:46 +0100

LONDON (Reuters) - Lending activity has picked up in the housing market, with more financing becoming available for higher loan-to-value transactions, Treasury minister Paul Myners said on Tuesday.

Spending watchdog urges public sector pay freeze

Mon, 06 Jul 2009 10:29:16 +0100

LONDON (Reuters) - A pay freeze for six million public sector workers would be one of the least painful ways of rebalancing the public finances, the head of the country's independent spending watchdog said on Sunday.