Archive for October, 2008
NUS warns student results will suffer with credit crunch
Students’ results are likely to fall as the credit crunch forces more of them to work to fund their living costs, the National Union of Students warned today.
Some 46% of students who work during term time are forced to do so because their basic living costs exceed their loans, according to the NUS survey.
It showed [...]
Voters blame bankers - and everyone else
Everyone is to blame for the financial crisis, but bankers most of all, according to today’s Guardian/ICM poll. It finds near universal agreement that banks caused the crash, but also public scepticism of the government’s claim that economic woes have been imported from abroad.
Asked who they think is at fault, voters lash out at every [...]
UK pension pot ’slashed in value’
Millions of pounds have been wiped off the value of the UK’s pension pot in the last year, a pension consulting company says.
Voters blame bankers - and everyone else
Everyone is to blame for the financial crisis, but bankers most of all, according to today’s Guardian/ICM poll. It finds near universal agreement that banks caused the crash, but also public scepticism of the government’s claim that economic woes have been imported from abroad.
Asked who they think is at fault, voters lash out at every [...]
Government borrowing and the financial deficit explained
These are worrying times for the public finances as the deficit for the first half of the current fiscal year has hit a record in cash terms of £37.6bn. The full-year shortfall, if it comes in at £60bn or above, will also be a record in those terms. That will be equivalent to about 4% [...]
Public finances hit record deficit as recession looms
The public finances fell to a record deficit last month, driven down by a weakening economy and government overspending, and analysts say much worse is to come as the economy tips into recession.
The Office for National Statistics said public sector net borrowing was higher than expected at £8.1bn last month, a record for a September [...]
Savers urged to make sure their interest rates are beating inflation
With the rate of inflation soaring, savers are being urged to make sure their cash is earning enough to make a real return. The retail price index (RPI) went up from 4.8 per cent to 5 per cent in September, meaning basic-rate tax payers must earn at least 6.25 per cent gross interest to equal [...]
Extra pension will cost nothing
Only one in five of the people who the government promised a bigger pension last week will in fact get it.
Compensation is set to begin
UK Icesave customers whose accounts have been frozen after Landsbanki’s collapse will receive compensation by 30 November.
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