All Entries Tagged With: "credit crisis"
Pre-Budget Speech: VAT cut and how it affects consumers
With Consumers already taking advantage of struggling retailers slashing 20 to 30 percent of all their goods to encourage spending, the 2.5 percent extra discount consumers will receive by the Chancellor cutting VAT down from 17.5 percent to 15 percent will make little or no difference at all.
The cut in VAT is highly unlikely to [...]
Pensions: Tumble £157 billion in credit crisis
Employee’s fall victim to the credit crunch as their pensions see £157 billion wiped off the value in the past year, many now faced with working more years to stop the shortfall warned leading consultants today.
According to Aon, the value of workers defined-contribution (DC) plans, where stock market performance is the deciding factor as to [...]
Bill Heard Chevrolet closing down: rising fuel takes its toll
Bill Heard Chevrolet is yet another victim along with about 2,700 staff who is being hit hard with the economy crisis and raising fuel
US federal government: takes joint action
The European Central Bank, the Bank of Japan and The Federal Reserve joined with their counterparts from around the globe to ensure that the crisis doesn’t get any worse they have been pumping billions of dollars into the
Increase in profits on finacial products for British Banks
Although banks in Britain may have been hit heavily with global losses in their billions, they have managed to make more money on financial products such as mortgages and
Fixed-rate mortgages at a ten year high
Many people would have been burying their head in the sand when it comes to the state of the mortgage market, and many will be shocked to learn that fixed-rate mortgages are now at a ten year high. All the big lenders are now following each
Mortgage brokers giving up licenses or quitting due to housing crisis
The housing crisis that is hitting the U.S. is having a massive affect for mortgage brokers, many are giving up their licenses, some are just walking away and quitting. The reason for this is due to underwriting standards rising as home sales have