Credit news
Mortgage rationing gets tougher
Mortgage lenders are continuing to demand larger deposits as they ration home loans to their customers.
State mortgage help widened
The government extends state help for people struggling to make mortgage payments after losing their jobs.
Gas price cuts ‘likely in spring’
Scottish Power raises hopes that energy bills will fall after it cut prices - with rivals expected to follow suit.
Holidays affected by weak pound
The weak pound is likely to affect the choice of 2009 holiday destination according to travel agents and tour operators’ body.
Cameron makes savings tax pledge
David Cameron proposes to axe tax on basic rate taxpayers’ savings and to increase pensioners’ tax free allowances.
Nationwide ends tracker rate cuts
The Nationwide says it will not pass on any further cuts in UK interest rates to most of its tracker mortgage customers
House prices ‘fall to 2004 level’
The average UK house price falls to August 2004 levels after slumping a record 16.2% in 2008, the Halifax says.
Gas dispute may cost UK consumers
A gas supply dispute between Russian and the Ukraine raises fears that UK energy firms may delay price cuts.
First pension drawn 100 years ago
The first old age pensions were drawn 100 years ago when the average payment was five shillings a week.
Record numbers ‘face insolvency’
Accountants KPMG predict that the number of people facing insolvency in 2009 will reach record levels.
