Personal finance news
Kids out of pocket as Bank of Mum and Dad runs dry
Childrens’ pocket money is the latest casualty of the credit crunch. Two surveys have found parents are withholding cash from their offspring to pay bills and daily essentials.
Last updated 12 May 2009
Published by http://www.cumberlandnews.co.uk
House prices ‘will rise in 2013’
The end is in sight for the housing market downturn, but there will be little price growth until 2013, economists have predicted.
Last updated 8 May 2009
Published by http://www.cumberlandnews.co.uk
Record numbers go bust – and there’s worse to come
The number of people declared bankrupt soared to a new high during the first quarter of the year. A total of 19,062 people in England and Wales went bankrupt in the three months to the end of March, according to the Insolvency Service, the highest number since records began in 1960 and 23 per cent up on the same quarter of 2008.
Last updated 8 May 2009
Published by http://www.cumberlandnews.co.uk
Stock market fall hits child trust funds based on shares
Parents who invested Government child trust fund payments in share-based accounts may have lost nearly £100 in recent stock market falls, a report has said.
Last updated 6 May 2009
Published by http://www.cumberlandnews.co.uk
More houses are selling but...
The number of homes sold by estate agents reached its highest level for more than a year during March as the property market continued to show signs of improving, research showed this week.
Last updated 1 May 2009
Published by http://www.cumberlandnews.co.uk
Pensioners ‘cutting back on food’
Automatic payment of benefits and help for savers would ease pensioners’ suffering in the recession, according to a charity.
Last updated 24 April 2009
Published by http://www.cumberlandnews.co.uk
Monthly pay? It lasts about two days for many workers
The average worker has run out of money by the 20th of the month after blowing much of their pay during the first 48 hours, a survey has shown.
Last updated 24 April 2009
Published by http://www.cumberlandnews.co.uk
One-bedroom flats just won’t sell
Nearly a third of flats and more than a quarter of houses up for sale have been on the market for more than six months.
Last updated 17 April 2009
Published by http://www.cumberlandnews.co.uk
Latest insovlency threshold will bring debtors flocking in
The number of people declared insolvent will soar by 40 per cent this year to a record 150,000, an accountancy firm has predicted.
Last updated 17 April 2009
Published by http://www.cumberlandnews.co.uk
Three leading banks face probe on overdraft charges
An investigation into unauthorised overdraft charges imposed by banks will focus on just three, it has been revealed.
Last updated 10 April 2009
Published by http://www.cumberlandnews.co.uk
‘Pensioner poverty is getting worse’
This week’s increase in the state pension fails to tackle the growing problem of pensioner poverty, a group representing the elderly has warned.
Last updated 10 April 2009
Published by http://www.cumberlandnews.co.uk
Give house market a shot in the arm, plead the lenders
The Council of Mortgage Lenders (CML) has called on the Government to introduce three simple measures in the Budget to help kick-start the housing market.
Last updated 5 April 2009
Published by http://www.cumberlandnews.co.uk
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Last updated 5 April 2009
Published by http://www.cumberlandnews.co.uk
Soaring cost of the kids’ days out
The cost of sporting and cultural activities for children has risen by 67 per cent over the past decade, double the rate of inflation in the same period.
Last updated 3 April 2009
Published by http://www.cumberlandnews.co.uk
Your complaint could help name and shame that firm
Consumers will soon be able to see which financial services firms are most complained-about and whether the complaints are justified.
Last updated 27 March 2009
Published by http://www.cumberland-news.co.uk
A reminder: we owe £88.5billion
Britons have to work for an average of 83 days a year just to earn enough money to pay the interest on their debts.
Last updated 27 March 2009
Published by http://www.cumberland-news.co.uk
Cost of caring for mum and dad
One in five Britons regularly provides care for their elderly parents, with a further six per cent supporting both them and their own children financially, research shows.
Last updated 20 March 2009
Published by http://www.cumberland-news.co.uk
Deluded sellers and estate agents push house prices up
House prices rose for the second month in a row during February as new sellers continued to be unrealistic about how much their homes are worth.
Last updated 20 March 2009
Published by http://www.cumberland-news.co.uk
Here’s how to put some cash back in your pocket
A Cumbrian financial expert is urging people to spring clean their finances to help beat the recession. Darren Turnbull, of Carlisle firm Financial Concepts, said there were a number of easy measures which can put cash back in your pocket.
Last updated 13 March 2009
Published by http://www.cumberland-news.co.uk
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