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Pray| Showing page 23 of 37 1... 18 19 20 21 22 23 24 25 26 27 28 ...37 | Last update: Wednesday 25th March |
| The Government will have to borrow almost £100 billion more than previously forecast as it tries to bring a deeper-than-expected UK recession under control. In its latest dire warning on the economy, the CBI business group said the economy will shrink by 3.3 per cent in 2009, compared with its November forecast of a 1.7 per cent contraction. It is also predicted State borrowing would be much higher than Chancellor Alistair Darling’s Budget had forecast. | |
| Money | The Sentinel - 16th February 2009 |
| Bank of England Governor Mervyn King has said policymakers may need to use “unconventional” tools to control inflation as interest rates come close to zero. In a speech last night, he said the Bank’s Monetary Policy Committee would consider using new powers outlined in the Government’s second attempt at bailing out the banking sector. | |
| Money | The Sentinel - 21st January 2009 |
| Borrowers who fail to keep up with mortgage repayments will be given a six-month breathing space by the Royal Bank of Scotland (RBS), according to reports. RBS, which owns NatWest, is expected to announce today it will not repossess the properties of customers who fall behind on payments for six months from the date they first admit that they have a problem. | |
| Money | The Sentinel December 1st, 2008 |
| Credit card companies agreed today to end the practice of imposing overnight interest hikes on their customers. Card issuers have agreed a new set of principles with the Government, which include giving borrowers and giving more breathing space to people struggling with their depts. The move follows a Government warning that the sector would be investigated. | |
| Money | The Sentinel December 12th, 2008 |
| Money has become our No 1 Idol, according to a leading bishop. The damning verdict is delivered by the Rt Rev Graham Dow, Bishop of Carlisle. The soon-to-retire church leader says even secular commentators have pointed this out. And he contends: “Humankind will always choose something to Worship, something to be the supreme focus of our motivation and attention. “If that is not God and his just ways, it will be something else – most commonly in Britain, a high standard of living based on money and possessions.” | |
| Money | Church of England December 12 2008 |
| Taxpayers will take a 57.9 per cent stake in Royal Bank of Scotland after investors snubbed its £15 billion share offer, the bank said today. Existing shareholders refused to buy the new stock because RBS’s shares were trading below the 65.5p offer price announced in October. The Government will step in to buy up the unwanted shares, leaving taxpayers with a paper loss of almost £2.5 billion. | |
| Money | The Sentinel – 28th November |
| Interest rates could fall to an all time low to drag the UK out of a deep recession, the Bank of England’s latest forecasts are set to show today. Its latest quarterly estimates for growth and inflation are likely to paint a bleak picture of the UK’s economic prospects. | |
| Money | The Sentinel - 12th November 2008 |
| Inflation figures for October are today set to show the first month on month fall in the cost of living for more than a year thanks largely to cheaper petrol prices. The Consumer Prices Index (CPI) – the official measure of the cost of living – reached a record high of 5.2 per cent in September after the latest round of rising energy costs during the summer. But most economists expect it to fall back to around 4.8 per cent. | |
| Money | The Sentinel - 18th November 2008 |
| Petrol prices are too high and the drop in the price of oil is not being passed on to motorists, the head of a leading motoring organisation said today. AA president Edmund King said prices were 2p higher than they should be and that oil companies had been “too slow” in passing the drop in the oil prince on to customers. | |
| Money | The Sentinel – September 4th |
| Britons are not eating as healthily as they would like as the soaring coat of living cuts into household budgets, according to a survey. Consumers say they are cutting back on healthy good to cope with the credit crunch, the poll for insurer PruHealth found. Sixty per cent of people said they could not afford the expense of “being healthy”. | |
| Money | The Sentinel – September 2nd |
| The BBC was accused of being “frivolous” with licence fee-payers’ money today after it revealed that more than £310 million was spent on flights last year. More than £3 million of this was spent on business or first class flights, according to figures released to the Liberal Democrats under the Freedom of Information Act. Lib Dem transport spokesman Norman Baker said that at a time when the BBC should be doing all it could to give good value to free-payers, the figures were “staggering”. | |
| Money | The Sentinel – September 3rd |
| Northern Rock bank has been criticised by charities for its “aggressive” attitude towards repossessions. The lender was twice as likely to repossess homes as other banks, the BBC reported. Some 19,000 homes were repossessed in the first half of this year by mortgage lenders and banks as a whole. And charity Credit Action told the BBC: “There‘s not a lot of flexibility being shown by Northern Rock”. | |
| Money | The Sentinel - 17th October 2008 |
| More than £15 billion has been wasted on Regional Development Agencies in England, a report claims. The Taxpayers’ Alliance says the quangoes have contributed nothing since they were established in 1999 but have cost almost £600 per household. Abolishing the agencies would save enough money to cut 4p off small firms’ corporation tax, it was claimed. | |
| Money | The Sentinel - August 8th 2008 |
| Most motorists would still drive if petrol prices soared, a survey says. And as many as 17 per cent of drivers would be prepared to pay more than £2 a litre at the pumps in order to stay on the road, according to car insurance company Esure. Almost half (47 per cent) said they would never consider ditching their car for public transport. | |
| Money | The Sentinel - August 8th 2008 |
| BP is expected to post a mammoth $7.6 billion (£3.8 billion) in second-quarter profits today as the corporate giant is buoyed by surging oil prices. The profits – 38 per cent ahead of the same period last year and equivalent to more than £1.7 million an hour- follow recent protests from hauliers over soaring costs as millions of motorists feel the forecourt pain. | |
| Money | The Sentinel - July 29th 2008 |
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