Mortgage lending falls in January March 11, 2011 UK mortgage lending fell 29 per cent in January from December’s level, new data has shown. Just 28,500 loans were extended to property buyers, a fall of 12 per cent on January 2010, a report from the Council of Mortgage Lenders found. The fall is being attributed to “an unusual combination of factors” including public [...]
Mortgage lending falls in January March 11, 2011 UK mortgage lending fell 29 per cent in January from December’s level, new data has shown. Just 28,500 loans were extended to property buyers, a fall of 12 per cent on January 2010, a report from the Council of Mortgage Lenders found. The fall is being attributed to “an unusual combination of factors” including public [...]
Osborne to hike tax allowances March 22, 2011 GEORGE Osborne will today unveil small tax cuts, help for first-time buyers and a series of symbolic measures to show he is tough on the rich. But his Budget could be overshadowed by spiralling inflation and weaker public finances, preventing him from pulling any rabbits out of his hat. The chancellor will announce that he [...]
House prices turn upwards in London yet continue to slump in rest of the UK March 30, 2011 LONDON is the first UK region to register a rise in house prices for eight months, the Hometrack monthly national housing survey announced today. While prices across the UK fell by 0.1 per cent in March, in the capital they rose by 0.2 per cent. The upturn was driven by a 25 per cent increase [...]
Plotting the growth of the market October 2, 2011 WHEN spread betting started in 1974, it was set up to get around the strict price controls that were in place in the UK – at the time it was illegal for retail investors to speculate on gold. Unemployed stockbroker Stuart Wheeler hit upon the idea of creating an index giving investors a way of [...]
Ferrari sales cause HR Owen profits jump August 22, 2011 Luxury car seller HR Owen has said its pre-tax profits doubled to £1.7m in the first half of the year as buyers flocked to its new high-end cars. The Ferrari and Bentley seller said its revenues rose almost 18 per cent compared with the first half of 2010 to £93.1m as its customers appeared undented [...]
LIBERTARIAN LEAFLETERS HIT OUT AT ANTI-CAPITALIST PROTESTS October 17, 2011 SNEAKING among the protesters outside St. Paul’s Cathedral over the weekend was a pack of intrepid pro-capitalist activists. Their purpose? To reform and educate the anti-corporate revolutionaries on the beauty of an unimpeded free market. “We distributed more than 100 leaflets to protesters,” ringleader Simon Gibbs told The Capitalist. “One third of protesters, mostly young [...]
LIBERTARIAN LEAFLETERS HIT OUT AT ANTI-CAPITALIST PROTESTS October 17, 2011 SNEAKING among the protesters outside St. Paul’s Cathedral over the weekend was a pack of intrepid pro-capitalist activists. Their purpose? To reform and educate the anti-corporate revolutionaries on the beauty of an unimpeded free market. “We distributed more than 100 leaflets to protesters,” ringleader Simon Gibbs told The Capitalist. “One third of protesters, mostly young [...]
US businesses boost spending September 28, 2011 US businesses shrugged off an uncertain economic environment and stepped up orders for capital goods in August, a sign the economy was not falling back into recession. The Commerce Department has said non-defense capital goods orders excluding aircraft, a closely watched proxy for business spending, increased 1.1 per cent after falling 0.2 per cent in [...]
Mortgage approvals from UK high street banks remain low March 23, 2011 MORTGAGE approvals for house purchases remained near their lowest level for two years, the British Bankers’ Association (BBA) reported yesterday. The 29,923 mortgage approvals in February were just a slight upgrade from the 29,159 in January and the 23 month low of 29,029 in December. Mortgage approvals were down about 11 per cent on the [...]