Digital Look

Moneyback on Petrol:

Find out how you can save around £130* each year with Shell MasterCard

Economic News

Retail sales hit 25 year low
Thursday 28 Aug 2008
Things have got even worse for hard pressed retailers as a wet August kept money conscious shoppers off the high street, according to the CBI.
House prices down most in 18 years
Thursday 28 Aug 2008
House prices have tumbled 10.5% in the past year, the first double digit fall since the fourth quarter of 1990, according to the Nationwide.
Lib Dems outline mortgage rescue plan
Wednesday 27 Aug 2008
A new mortgage rescue scheme and rules allowing councils and housing associations to buy up land could help stall the housing market slump, claimed the Liberal Democrats Wednesday.
Credit crunch hits buy-to-let lending
Tuesday 26 Aug 2008
Tighter lending criteria has made it tough for buy-to-let investors, prompting a 15% drop in the number of new mortgages taken out in the first half of 2008.
UK mortgage approvals plummet
Tuesday 26 Aug 2008
Only 22,448 mortgages were approved in July, 65% less than the same time last year, according to figures from the British Bankers' Association (BBA).
BoE's Bean issues slowdown warning
Tuesday 26 Aug 2008
There’s still a “long way to go” before we see the end of the current economic crisis, warns Bank of England Deputy Governor Charles Bean.
Mortgage rates same as '07
Friday 22 Aug 2008
There’s good news for those looking for a new mortgage as research from price comparison website Moneyfacts has revealed mortgage rates are back where they were a year ago.
Quarter of Halifax estate agents to shut
Friday 22 Aug 2008
The gloomy housing market has forced the Halifax to close 53 of its estate agency branches, the bank confirmed Friday.
Recession looms as growth stalls
Friday 22 Aug 2008
Britain is edging closer to recession, after fresh data showed the economy ground to a halt between April and June.
Business investment drops in Q2
Thursday 21 Aug 2008
Business investment fell 1.9% during the second quarter from the previous three month period to £35.835m, the Office for National Statistics revealed Thursday.
Retail sales hike surprises City
Thursday 21 Aug 2008
There were surprises all round today on news that retail sales jumped 0.8% in July despite the biggest rise in prices for more than a decade.
North Sea oil boosts public finances
Wednesday 20 Aug 2008
A big increase in tax receipts from North Sea Oil helped boost Britain’s public finances in July, although the coffers were still short of last year’s figure.
Manufacturing gloom descends to 7-year low
Wednesday 20 Aug 2008
Britain’s manufacturers are more downbeat on output prospects than at any time in the past seven years, says the Confederation of British Industry (CBI).
Mortgage lending stuck in doldrums
Wednesday 20 Aug 2008
There was a small increase in the amount of money lent to homebuyers last month, but the annual figure is still down well over a quarter on the same time last year.
BoE split three ways on rates
Wednesday 20 Aug 2008
The Bank of England was split three ways at this month’s rate-setting meeting as policymakers mulled rampant inflation and gloomy economic prospects.
BoE hawk issues inflation warning
Tuesday 19 Aug 2008
Bank of England policymaker Professor Tim Besley has warned that bumper pay deals will force inflation higher and prevent the central bank from cutting interest rates.
More landlords as home sales abandoned
Tuesday 19 Aug 2008
Weak house prices and poor demand have forced many homeowners to scrap plans to sell up and become landlords instead, according to a new report out today.
London house prices drop £21k in a month
Monday 18 Aug 2008
Sellers have knocked almost £5,500 off the asking price of the average property in the past month, with Londoners selling for a whopping £21,000 less, says property website Rightmove.
Recession looming, warns BCC
Monday 18 Aug 2008
More than 2m people could be out of work within a couple of years as the UK slips into recession, warns the British Chambers of Commerce.
Business confidence takes fresh knock
Monday 18 Aug 2008
Rising costs and weaker exports continued to shatter confidence among UK businesses in July, according to a new report from Lloyds TSB.

Economic News

More Stories