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Unemployment down by 45,000
UK unemployment has recorded a surprise fall at a time when many analysts had expected the jobless rate to remain unchanged. Between January and March this year, unemployment fell by 45,000 to 2.63 million, according to the Office for National Statistics. The jobless rate also fell to 8.2%. In addition, the number of people claiming [...] -
Below minimum wage shock for retirement Britons
The true situation regarding retirement Britain is laid bare in the latest LV= State of Retirement Report. It shows 6.25 million Britons aged over-50 (28%) have no pension plan in place and look set to rely on just the state pension in retirement, a huge increase on the 1.2 million people who live solely on [...] -
Fears rise over health of euro zone
Political upheaval is ushering in a change of focus for the euro zone, according to Paul Brain, manager of the Newton Global Dynamic Bond Fund. He said: "As we enter another round of anxiety regarding the euro zone, should we be more concerned this time?" asks Brain, "In some respects, the answer is ‘yes', as [...] -
UK economic recovery continues to weaken
April saw a reversal of the English regional growth upturn seen in the previous month, according to the latest Lloyds TSB regional Purchasing Managers' Index. At 52.6, down from 55.3 in March, the index measuring overall private sector business activity in the English regions was the lowest since November 2011, but still above the 50.0 [...] -
AIM miners in lacklustre performance
Aim’s junior miners had a subdued start to the year, with strengthening metals prices contributing to only a 5% gain in Ernst & Young’s Mining Eye index from the previous quarter, underperforming the rest of the market. However this lacklustre performance was offset by an increase in listings with five new mining companies joining the [...] -
Challenges ahead for consumers as financial services change
Consumers will face increasing challenges as the fall-out from the financial crisis and economic pressures continue. That is the warning from out-going BSA Chairman, Peter Griffiths. These factors, combined with ever more one size fits all regulation across the financial services sector are likely to prompt changes in product supply and an increase in the [...] -
Public sector cuts hit efforts to bring rogue landlords to justice
Public sector cuts mean that councils can no longer afford to crack down on rogue landlords. The Chartered Institute of Environmental Health did a survey of local authorities, which uncovered a falling number of prosecutions of bad landlords. One council replied: “We generally have no budget to prosecute.” Another said that it had been unable [...] -
Buy-to-let remortgaging rises as landlords look to expand
Buy-to-let remortgaging is on the rise, says haart, as landlords seek to free up equity to make further property purchases. It says that the percentage of people looking to remortgage has risen to its highest level so far this year. The firm says it is also seeing an increasing number of first-time landlords looking to [...] -
Council bans £40,000-plus couples from waiting list
The private rented sector is poised for growth after one council announced that couples earning over £40,000 a year will no longer be eligible for a council house. Other local authorities are set to follow Hammersmith & Fulham Council’s landmark announcement, which goes much further than housing minister Grant Shapps’ suggestion last year that people [...] -
One in three landlords don’t know their legal obligations
Tenants have criticised landlords for failing to communicate with them and fix problems – and one in ten are renting without a proper tenancy agreement. Meanwhile, one third of landlords admitted to not knowing their legal obligations. A study carried out by Total Landlord Insurance involving landlords and tenants across the country found that 21% [...]
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