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Category: Housing & Mortgages & Uncategorized
The Council of Mortgage Lendersâ (CML) latest figures for mortgage lending (May 2015) show that whilst lending levels recovered in May compared to April, they were down compared to a year ago. First-time buyers saw a decline in lending volumes, 13% down, compared to last year, but up slightly (3%) on the previous month, with total May loans estimated to be around ÂŁ3.4 billion.
Category: Budget & Mortgages & Uncategorized
The Council of Mortgage Lendersâ (CML) members are banks, building societies and other lenders who together undertake around 95% of all residential mortgage lending in the UK. There are 11.1 million mortgages in the UK, with loans worth over ÂŁ1.3 trillion.
Category: Economy & Lifestyle & Uncategorized
Why should you care about the Greek financial crisis? Does it really matter what happens to Greece? Wouldnât it really be a good thing if it went back to the drachma, the currency collapsed and holidays became dirt-cheap again?
Category: Economy & Lifestyle & Uncategorized
According to Business Insider magazine, Greeceâs economic woes began in the 4th Century BC, a time when Plato and Aristotle were alive. Thirteen Greek city-states borrowed from the Temple of Delos, but most of the borrowers defaulted and the Temple lost 80% of the money it loaned.
Category: Economy & financial planning & Uncategorized
UK manufacturing executives say that their strategic focus going forward is one that is innovation led, supported by attractive UK corporation taxes like the Patent Box, according to the latest KPMG Global Manufacturing Outlook. The report found that nearly half (48%) of UK manufacturers said that their companyâs strategic focus is on innovation and that only two per cent felt that UK taxes are a challenge to their business in the next 12â24 months.
Category: Lifestyle & Uncategorized
A new publication by the British Banking Association (BBA) has estimated that consumers taking advantage of contactless cards have together saved over 90 years of time since they were introduced! The publication says that on average it takes half a second to âwave and payâ by contactless card, while it takes seven seconds to pay by chip and PIN. Figures from the UK Cards Association show there were 452,912,149 contactless transactions from the period that contactless payment was introduced, up until the end of 2014. The figures mean that 93.6 years have been saved when paying over this period!
