The Bank of England has dashed hopes of a cut in interest rates. Sterling rose to a 3 month high against the dollar after hawkish words included in the latest minutes of the rate committee. The pound reached $1.7925 and Euro1.2386.
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20 April 2006
IMF warns of fall in house prices
A report in today's Daily Telegraph has a warning from the International Monetary Fund. According to the IMF Britain runs the risk of a house price correction. In IMF speak British property is "richly valued". To read more click on the post title.
18 April 2006
Standard Life Members to get £1,700
According to the Daily Telegraph, insurance mutual Standard Life has announced that members are to get windfalls of around £1,700. The firm is in the process of sending out demutualisation details to their 2.4 million policy holders.
Click on the post title to read more.
Click on the post title to read more.
GPs now earn £100K
An article in today's Daily Telegraph shows that an average general practitioner in England and Wales earns almost £100k per annum. According to various sources, some GPs are earning between £200k and £250k.
GPs were given new Government contracts in 2004.
The high earnings of GPs are being blamed for the financial crisis in the National Health Service. to read the article click on the post title.
GPs were given new Government contracts in 2004.
The high earnings of GPs are being blamed for the financial crisis in the National Health Service. to read the article click on the post title.
12 April 2006
French Ski Property
UK Money has come across a novel scheme for investing in a French ski property. Hotel des Deux Domaines is a new hotel being built in La Plagne in the Tarentaise valley. The hotel developer has launched a scheme whereby individuals or companies can purchase the freehold of individual rooms or suites. To visit the Hotel des Deux Domaines website click on the post title.
07 April 2006
London house prices surge
A report in today's Financial Times states that London house prices rose 7.2% between November 2005 and February 2006. Click on the post title to go to the Financial Times story.
06 April 2006
Credit card charges to be capped by OFT
A report in today's TIMES says that the Office of Fair Trading is to cap credit card penalty charges to £10 or £12. Typically these penalties are £25 to £35 and are levied whenever a payment is late. Sometimes a payment could be 1 day late, or the minimum payment may amount to just £5. Nevertheless the small print in credit card contracts allows the card companies to level such high charges.
Recently, as blog readers may know, I underpaid Halifax by 10p and was levied £78.70 interest.
For more on the story click on the post title.
Recently, as blog readers may know, I underpaid Halifax by 10p and was levied £78.70 interest.
For more on the story click on the post title.
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