Pound Drops Amid Brexit Concerns
After Boris Johnson announced his support for the campaign for Britain to leave the European Union, the pound dropped sharply, hitting its lowest level since 2009, as of Monday morning. As the old...
View ArticleMoJ Plans to Increase Probate Charges to up to £20,000
The Ministry of Justice has announced plans to reduce the £1.1 billion spent on costs by the courts system each year by creating a new scaling system for working out probate costs that will see charges...
View ArticleHome Ownership Decline Slows
The English Housing Survey for 2014/15 has shown that the decline in rates of home ownership that has been going on since 2003 “appears to have abated”. The survey showed that in 2014/15, there was a...
View ArticleLeaders Warned that Economy Needs “Urgent Action”
The OECD (The Organisation for Economic Co-operation and Development) has issued a warning to global leaders around the world stating that they must take “urgent action” if they wish to counter the...
View ArticleExperts say Osborne has “borrowing challenge” Ahead
George Osborne will face a number of difficulties when it comes to meeting his borrowing targets, according to a number of experts. The ONS (Office for National Statistics) has reported that the...
View ArticleOsborne Likely to Miss Target Despite Increase in Tax Receipts
George Osborne’s plan to radically lower the level of government borrowing by the end of this tax year looks likely to miss its target, even though last month saw an increase in income tax receipts....
View ArticleTreasury Criticised for Pressuring OBR
An independent Treasury Select Committee has said that the economic outlook released by the OBR (Office for Budget Responsibility) was changed after the Treasury pressurised the independent body into...
View ArticleMoody’s: UK Credit Rating Could be Damaged by Brexit
Top credit ratings agency, Moody’s, has warned that the UK’s credit rating could be damaged if the British public vote to leave the EU in the upcoming referendum. This would mean an increase to the...
View ArticlePPI Complaints Top Ombudsman List
Data from the Financial Ombudsman Service shows that complaints about PPI still dominate the issues it handles, accounting for around 57% of last year’s cases. Complaints related to the mis-selling of...
View ArticleInterest Rates May Drop But Won’t Go Negative
The long debated date of the next hike to the Bank of England base rate from its six year low of 0.5% has been pushed back yet again, with Mark Carney doing his best to rule out the possibility of...
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