News - July 2014
  • July

    29

    2014
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Renting cost in London is double the rest of the country

Are you looking to start afresh in the capital? Have you saved up enough for the big move? It’s every young professional’s dream to head down to the bright lights of London where opportunities arise in every situation, whether you’re attending business networking events, or sit next to a budding...

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  • July

    22

    2014
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Secured lending growth continues as it breaks the £300 million barrier

Secured lending shows no sign of slowing down as new figures released demonstrates a healthy position and strong demand from consumers. The first six months of 2014 saw second charge lending reached £301.4m, a 32.8 per cent increase from the £226m advanced in the same period from the previous year....

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  • July

    15

    2014
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Shoppers reduce spending amid fears of interest rates hike but CPI increases to 1.9% in June

Retailers suffered a slowdown in sales for the month of June as the uncertainty of interest rates rising crept down to consumers worried about extra costs they would incur. A recent survey commissioned by The British Retail Consortium has indicated a fall in like-for-like sales during that period has fallen...

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  • July

    14

    2014
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Repeat Lehman's fears Watchdog after worldwide debt surge

The world economy is just as vulnerable to a financial crisis as it was in 2007, with the added danger that debt ratios are now far higher and emerging markets have been drawn into the fire as well, the Bank for International Settlements (BIS) has warned. Jaime Caruana, head of...

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  • July

    11

    2014
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Church of England withdraw investment in wonga

The Church Commissioners for England have announced that their investment exposure to Wonga in their venture capital portfolio has been removed. They have announced that they no longer have any financial or any other interest in Wonga. The terms ensure that they have not made any profit from their investment...

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  • July

    8

    2014
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Payday lenders complaints double in last two years

The number of people complaining about the conduct of payday lenders has doubled within the last two years according to latest figures released by the ombudsmen. Complaints registered by customers involved the poor service and administration provided by lenders, lack of support for those struggling to make repayments, and using...

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  • July

    8

    2014
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Hasty interest rate rise could derail recovery insists the BBC

The British Chambers of Commerce (BCC) has warned the government against "prematurely" raising interest rates as its latest quarterly economic survey suggested challenges remain for the UK's recovery. Director general of the BCC John Longworth said the UK "cannot afford populist decision-making" that could undermine its long-term success. The business...

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  • July

    1

    2014
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Stricter rules for payday lenders come into force

Tougher rules comes into effect today preventing payday lenders from being able to roll over loans more than twice and raiding borrowers’ bank accounts for payments as the financial regulator begin to curb lenders from providing loans to those who cannot afford it. The Financial Conduct Authority hope enforcing such...

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    THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY DEBT SECURED ON IT. ALL RATES VARY SUBJECT TO LOAN AMOUNT, LOAN TYPE AND STATUS. REPAYING YOUR DEBT OVER A LONGER PERIOD OF TIME MAY INCREASE THE AMOUNT YOU PAY.

    WARNING - LATE REPAYMENT CAN CAUSE YOU SERIOUS MONEY PROBLEMS. FOR HELP GO TO:

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