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Found 44 results

  1. Receiving less child benefit could affect lenders' assessments of 'affordability' and the amount you can borrow. Thousands of families are to lose their child benefit payments next month. But this won't just hit the household budget, it could also have a direct effect on their ability to remortgage or move home – because most banks and building societies now factor in such payments when calculating how much you can borrow. This could leave some families in the unenviable position of being stranded on their current deal and unable to remortgage to take advantage of the cheaper home loans that are now flooding the market. In recent years banks have tightened their lending criteria, and this, combined with falling house prices, has created a wave of "mortgage prisoners" – people who technically can't "afford" their current home loan because they no longer meet their bank's lending criteria, even though they are still making their mortgage repayments. This can make it difficult to switch to a new lender or move home, which can be a problem for those looking to move up the housing ladder as their families expand. It is feared that the forthcoming changes to child benefit could push many more into this position. Link: http://www.telegraph.co.uk/finance/personalfinance/borrowing/mortgages/9746435/Child-benefit-cuts-could-stop-you-getting-a-better-mortgage.html
  2. Am looking forward to this:) should prove very interesting:) http://carerwatch.com/reform/?p=1246 Well done Pat:clap2:
  3. Spain is to overhaul its stricken banking sector after European Union regulators approved restructuring plans, as nationalised Bankia said that it would cut 6,000 jobs and report a loss of around €19bn this year. Bankia, whose shares were suspended from trading on Wednesday by regulators, said that it would cut 6,000 jobs, or around 28pc of its staff, by 2015 as it tried to stem losses. The bank said it intended to return to profit in 2013, but warned that it expected to report a loss of €19bn this year. Bankia will also close 1,100 branches as part of the restructuring. Earlier, the European Commission approved restructuring plans for four of Spain’s nationalised banks, authorising a cash injection of almost €40bn (£32bn) from a fund secured by Eurozone partners. The European Commission said the restructuring of the banks "will allow them to become viable in the long-term without continued state support" while the plans contain provisions to limit the distortions to competition. The four stricken banks - Bankia, Novagalicia Banco, Catalunya Banc and Banco de Valencia - will receive combined recapitalisation of €36.9bn from a €100bn emergency fund secured by eurozone partners in June. Link: http://www.telegraph.co.uk/finance/financialcrisis/9708426/Debt-crisis-Spain-to-overhaul-banking-sector-as-Bankia-cuts-6000-jobs.html
  4. Credit card customers are at risk of being saddled with debt for decades following a double whammy of rate hikes and cuts to minimum repayments. Interest rates on credit cards are at an 18-month high after shooting up to an average 19.1 per cent, according to price comparison website Moneyfacts. Meanwhile, a handful of lenders are cutting minimum monthly payments. Lloyds, RBS and Santander ask customers to pay £5 or 1 per cent of their balance. Previously, minimum repayments were upwards of 2 per cent. New rules introduced in April 2011 mean minimum repayments must also cover interest plus any additional fees. Read more: http://www.dailymail.co.uk/money/cardsloans/article-2236214/Interest-rates-credit-card-debt-decades.html#ixzz2DLpKtc29
  5. http://www.dailymail.co.uk/news/article-2221638/Child-benefit-cuts-heading-chaos-Reforms-complicated-taxman-explain-them.html
  6. Major banks have announced some 160,000 job cuts since early last year and with more lay-offs to come as the industry restructures, many will leave the shrinking sector for good as redundancies outpace new hires by roughly two-to-one. A Reuters analysis of job cuts announced by 29 major banks showed the lay-offs were much bigger in Europe than in Asia or the United States. That is a particular blow to Britain where the finance industry makes up roughly 10pc of the economy. The tally of nearly 160,000 job cut plans, meanwhile, is likely to be a conservative estimate as smaller banks and brokers are also cutting staff or shutting up shop, and bigger banks have not always disclosed target numbers of lay-offs. The tally also does not include reports of 6,000 job cuts to come at Commerzbank, for example, which the German group would not confirm last week. More: http://www.telegraph.co.uk/finance/newsbysector/banksandfinance/9682309/Banks-are-shrinking-for-good-as-job-cuts-near-160000.html
  7. http://www.liverpoolecho.co.uk/liverpool-news/uk-world-news/2012/11/12/group-to-target-starbucks-over-cuts-100252-32213658/
  8. http://www.bbc.co.uk/news/business-20296034 About SAS It is the flag carrier of Denmark Norway and Sweden. Carried 22.9 million passengers in 2011 and is the 8th largest airline company in Europe. UK airports used by SAS are ;London Heathrow, Birmingham, Manchester, Edinburgh, Newcastle and Aberdeen.
  9. http://www.dailymail.co.uk/money/news/article-2225146/Cuts-child-benefit-million-families-illegal-EU-law-experts-warn.html
  10. http://news.sky.com/story/1004485/ubs-cuts-thousands-of-uk-jobs-amid-restructuring
  11. The cuts are 200m more than were anticipated earlier. http://www.bbc.co.uk/news/uk-england-birmingham-20038979
  12. Hi Is it for only under 25's, what about people on ESA with illness & over 30's? Why don't the tax millionaires & the very wealthy as opposed to the young?, i agree that people doing nothing as regards work is bad if they just don't want to do anything, but it will surely make more people homeless!
  13. But he rules out Mansion Tax http://www.bbc.co.uk/news/uk-politics-19864056
  14. There was some proposals as to freeze various benefits for the next 2 years, however, from a comment by Cameron we may well actually see a reduction. http://www.guardian.co.uk/politics/2012/oct/07/david-cameron-mansion-tax-cuts
  15. http://www.bbc.co.uk/news/uk-politics-19864056
  16. http://uk.news.yahoo.com/supermarket-slash-fuel-prices-122529694.html
  17. But say they will create 351 new non advisory role jobs. http://www.bbc.co.uk/news/business-18505051
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