Reuters: Personal Finance News

Brown to reveal plans to help housing market

Wed, 14 May 2008 06:43:51 +0100

LONDON (Reuters) - Prime Minister Gordon Brown will set out plans on Wednesday to shore up the creaking housing market as part of a drive to reverse a slide in support for his government.

Government cuts income taxes

Wed, 14 May 2008 06:50:50 +0100

LONDON (Reuters) - The government trimmed income taxes for 22 million people on Tuesday, as soaring food and fuel bills sent inflation rocketing and dented hopes for more interest rate cuts soon.

"Can't know" how bad housing market will get

Wed, 14 May 2008 06:54:34 +0100

LONDON (Reuters) - House prices could register annual falls of 5 to 10 percent this year and the government does not know how bad it will get, according to briefing notes for housing minister Caroline Flint.

Housing downturn gathers pace

Tue, 13 May 2008 07:13:46 +0100

LONDON (Reuters) - House prices fell in every region of Britain in April with surveyors reporting the widest margin of decline in at least 30 years, a survey shows, indicating the housing market downturn is gathering momentum.

Nationwide cuts mortgage rates

Tue, 13 May 2008 11:48:04 +0100

LONDON (Reuters) - Nationwide, Britain's third largest mortgage lender, is cutting the price of some of its fixed rate home loans as it vies to lure in new customers.

Older generations plan legacy of laughs, not cash

Tue, 13 May 2008 13:22:09 +0100

LONDON (Reuters) - Most people in the world would rather leave their heirs their perspective on life and sense of humour than money or property, according to a survey.

Northern Rock says savings recover

Mon, 12 May 2008 10:22:50 +0100

LONDON (Reuters) - Northern Rock, nationalised in February, said it gathered more savings in the first quarter and reported modest mortgage lending, though arrears were up and the UK outlook remains "highly uncertain".

Land of Leather fined over loan insurance sales

Tue, 13 May 2008 07:46:49 +0100

LONDON (Reuters) - The Financial Services Authority said on Monday it fined furniture retailer Land of Leather and its chief executive for improperly selling payment protection insurance.

Government faces pension-fund tax challenge

Tue, 13 May 2008 07:56:10 +0100

LONDON (Reuters) - The government faces a legal challenge over tax on pension funds, which if successful, could see hundreds of million of pounds returned to occupational pension schemes, a pension lobby group said on Monday.

Darling urges EU action to counter food inflation

Mon, 12 May 2008 08:18:40 +0100

LONDON (Reuters) - Chancellor Alistair Darling will urge the European Union on Monday to extend the suspension of import tariffs on grains and re-think its biofuels policy to help ease soaring food prices in the 27-nation bloc.