Home » Archive for July, 2010
Archive for July, 2010
Bank of England In No Rush To Raise Interest Rates Says Governor
Jul. 28 | Mervyn King today signalled the Bank of England is in no hurry to raise interest rates as he warned several risks remained to the recovery and that there was no talk of “applying the brakes” yet.
Lloyds Stop Selling Controversial PPI
Jul. 27 | The Lloyds Banking Group has stopped selling the controversial payment protection insurance (PPI). Payment protection insurance covers repayments on financial products if the borrower cannot make back the payments because of unemployment, sickness or...
New Green Tax Could Add £850 To The Cost Of Buying A Home
Jul. 26 | The government is considering implementing a new green tax that could add £850 to the cost of purchasing a typical home. The new plan would also require that the new home owner then spends a minimum of £15,000 on home improvements before they would...
Second Child Forces Many Parents to Stop Work
Jul. 23 | Millions of parents around the country are forced to either work fewer hours or stop working all together after the birth of their second child. The cost of putting two children through care is estimated in the region of £17,000.
UK Car Production Increases 28% Compared To Same Period Last Year
Jul. 23 | New figures released by the Society of Motor Manufacturers and Traders (SMMT) show that UK car production increased in 28.6% compared to the same period last year.
UK Economy Grows At Fastest Rate Since 2006
Jul. 23 | The quarterly leap in GDP was almost double the expected 0.6% and is the highest since the first quarter of 2006 according to the Office for National Statistics. The increase was driven by the services sector. This sector accounts for three quarters of...
Judge Rules That Conrad Black Must Stay In US After Prison Release
Jul. 22 | The former owner of The Daily Telegraph, Conrad Black was released from prison after a judge ordered his release from a Florida jail. The disgraced peer was freed from a low-security prison on bail of $2m.
Santander Considers Floatation Of Its UK Banking Operations In London
Jul. 22 | The Spanish bank has plans to put 20 per cent of Santander UK on the stock market. The move could see them raise a potential £3 Billion.
Durex Makers Bought For £2.5 Billion
Jul. 21 | The makers of Durex condoms, SSL International, have agreed terms to be sold to Reckitt Benckiser. The deal is understood to be to the value of £2.5 billion.
