Credit Action | TMS Archives

Top Money Stories Archive December 2008

Government does a U-turn on Social Fund reforms

Monday, 22 Dec 2008 | 0 Comments

Government criticised over proposed Social Fund reforms · House prices may not recover for 10 years · Bankruptcies rocket during the economic crisis · 100,000 jobs to be created · Empty houses go to waste · IMF believe the economic downturn could be worst that expected

Filed under: bankruptcy, fund, homeless house infrastructure, prices, social

Savers punished by banks

Friday, 19 Dec 2008 | 0 Comments

Banks cut saving rates · Government turning into a bank · Small firms take a Christmas break

Filed under: businesses loans, savings, small

Homeowners falling behind

Thursday, 18 Dec 2008 | 0 Comments

Mortgage arrears could reach 500,000 in 2009 · Increase in sale in November · Woolworth's to close in January · Struggling homeowners seeking mortgage break · Pound still sliding · Free cash machines to be placed in low income areas

Filed under: cash crisis, financial machines Mortgages, pound, sales, unemployment,

Unemployment now at 6 percent

Wednesday, 17 Dec 2008 | 0 Comments

Unemployment reaches 1.86million · UK income gap same as 1991 · First time buyers helped by government · Royal Mail to be part-privatised · Energy firms not publicising cheaper rates for those less well-off

Filed under: costs distribution, energy homeowners, income mail, royal unemployment,

Borrowers offered lifeline

Tuesday, 16 Dec 2008 | 0 Comments

Darling introduces new measures to get banks lending · British firms lose money to fraudster · Pensioners face income cuts · Government offers loans to the low paid · Inflation fallen again

Filed under: banks, borrowers, fraud, fund, inflation, pensions social

UK public struggle on during financial crisis

Monday, 15 Dec 2008 | 0 Comments

People struggling more in 2008 · Council tax could increase · House prices could fall by 30% by 2010 · Holiday makers getting less for their money

Filed under: council crisis, financial house pound prices, tax,

Credit card firms sign up to code of practice

Friday, 12 Dec 2008 | 2 Comments

Credit card firms strike deal · Retailers across the country try to lure customers · Fuel continues to drop · Pound down for the fifth consecutive day

Filed under: cards, credit crisis, financial fuel, pound retailers,

British pound gets weaker and weaker

Thursday, 11 Dec 2008 | 0 Comments

Pound continues to weaken · Egg fined for mis-selling insurance · Mortgage scheme unveiled · Woolies reach the end of the road · Carol bids farewell to Countdown

Filed under: FSA, mortgages, pound, unemployment

Are government policies conflicting?

Wednesday, 10 Dec 2008 | 0 Comments

Government policies criticised · Landlords feel the strain of a troubled housing market · Benefit claimants have to work · Shoppers resorting to credit cards

Filed under: banks, benefits, cards credit house market,

Economy slowdown

Tuesday, 9 Dec 2008 | 0 Comments

Housing market almost at a standstill · Credit card scandal · High street sales continue to fall · Fuel prices fall as suppliers continue in their price war

Filed under: cards, credit fuel house market, prices sales,

Will others follow HSBC's lead?

Monday, 8 Dec 2008 | 0 Comments

HSBS issues mortgage pledge · Payday lenders exposed · Unemployment could reach 3.5million · Impact of Labour's new benefit and tax policy · Tenants given more time

Filed under: benefits loans, mortgages, payday tax, unemployment,

Banks still reluctant to pass on cuts

Friday, 5 Dec 2008 | 0 Comments

Borrowers receive some help, but savers made to suffer · Confusion over mortgage plan · House prices experience biggest drop in November · Jobs continue to go

Filed under: homeowners, house mortgages, prices, savings, unemployment