A recent Survey commisioned by the National Union of Students (NUS) and high street bank HSBC revealed that 60% of student rely on financial help from family and friends. The report has seen the figure increase 21 percentage points in twelve month from 39% last September. The report also revealed that students from wealthier families […]
Read MoreAndrew Lilico, economist at influential think-tank Policy Exchange, has warned that the base rate could increase to 8% by 2012, which means mortgage rates are likely to climb to around 11.5%. At this level, a £100,000 variable rate mortgage, which currently costs £333 per month will almost treble to £958 per month, pushing many home […]
Read MoreThe International Monetary Fund (IMF) has warned that the UK’s public finances remain constrained while remaining in a precarious postition in comparision to other major advanced ecomomies. The IMF has also stated that it fundamentally disagrees with the Coalition government’s ‘quick fix’ strategy, that it should instead be planning a medium to long term fiscal […]
Read MoreThe Vocalink Take Home Pay Index has increased in August to 1.3%, up from 0.8% in the previous month. However, the increase is still some way short of the year to date cost of living increase of 3.1%. The annual average growth in take home pay has dipped by 66% on 2009. The public sector […]
Read MoreA Survey by the National Union of Students has revealed student destitution in Scotland to be at ‘crisis level’. The impact of the recession and the fact that Scottish students get on average the lowest levels of financial help in the UK are said to the principle causes. 62% of those surveyed said lack of […]
Read MoreA recent study by Aviva has revealed a quarter of over 55s have had to use income-generating savings to pay for unexpected expenses. The Real Retirement report revealed that 9 out of 10 over 55s have had significant unexpected expenses in the last five years and that 64% are concerned about the rising cost of […]
Read MoreResearch from Experian has revealed that manufacturing areas like the North East and Midlands are least prepared to cope with further public sector cuts. It is thought that these traditional manufacturing heartlands will be hardest hit as not only will what’s left of manufacturing in those areas be severely impacted by the recession but public […]
Read MoreThe Advertising Standards Authority from March 2011 has the power censure misleading online advertising and social media statements in addition to its current offline remit. This comes as a result of increased pressure to monitor the growing online market space, with over half of the authorities complaints last year falling outside of their sphere of […]
Read MoreThe Institute for Fiscal Studies has reiterated that the coalition budget, announced in June, will adversely affect the poorest members of society disproportionately. This is contrary to the Chancellor’s claim that wealthier families are more likely to be affected.
Read MorePlanned new powers to be devolved to the Bank of England will help avert any future financial or debt crisis according to Charles Bean, Deputy Governor of the Bank of England.
Read More
