Category Archives: Money

'Help to Buy' scheme has the potential to re-ignite housing market bubble, warns Fathom Consulting

Run by former Bank of England economists, Fathom Consulting called the scheme ‘reckless’, and said it could push average new-build prices as high as £300,000 by 2016 – setting them up for a massive fall.

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Pensions loophole lets 220,000 people living abroad claim a state pension despite NEVER having worked in the UK

Pensions Minister Steve Webb said people were exploiting a loophole in the law that allows them to claim a so-called spouse’s pension even if they have made little or no national insurance contributions.

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MONDAY VIEW: Double dip recession is 'disappearing' as revisions to GDP data boost estimated growth

According to the preliminary GDP data released by the Office of National Statistics last month, the UK economy grew by 0.3 per cent between Q4 and Q1.

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George Osborne defiant as IMF comes to town with a confrontation over austerity plan looming

Inspectors from the International Monetary Fund will land in Britain this week, with a confrontation over George Osborne’s austerity plan looming.

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UK COMMERCIAL PROPERTY TRUST: Property trust yield hits 7.1% but further gains will be tough

The Guernsey-based investment trust is listed in London and owns 43 properties across Britain, with just over half in London and the South East.

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Demand from Asia for real fur sets sales soaring as designers reignite 'love affair'

Demand from Asia for real fur has sent sales soaring, according to an industry body headed by former Liberal Democrat MP Mark Oaten.

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HP's chief faces lawsuit over deal for Autonomy

Meg Whitman, chief executive of Hewlett-Packard, has been accused of making false claims over the £7.8bn acquisition of UK software firm Autonomy in a lawsuit brought on behalf of shareholders.

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Legoland group float could build momentum for leisure listings

Merlin Entertainments, the world’s second-biggest theme park operator, says the conditions in which to float could be more favourable than they were back in 2010, when a flotation was first considered.

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Restaurants go local as food costs soar

The latest index from reservation website Livebookings showed that 90 per cent of restaurateurs surveyed had seen a rise in their food bill in the past two months.

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Sainsbury's to take control of its banking business

Sainsbury’s is expected to take full control of its banking business, buying up Lloyds Banking Group’s 50 per cent stake in the joint venture.

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