Tax bills are set to rise – whoever we vote for

| October 12, 2012 | 0 Comments

Tax is the point at which politics condenses into something more substantial than hot air and hits you in the pocket. So, as the party conference season draws to a close, this might be a good time to consider how much of our money the Coalition Government has kindly let us keep – and whether […]

Filed Under: Latest Finance News

E.ON energy giant urged to cut bills as UK profits rise by 30%

| August 14, 2012 | 0 Comments

By Sean Poulter PUBLISHED: 08:43 EST, 13 August 2012 | UPDATED: 18:34 EST, 13 August 2012 Energy company E.on saw its profits soar by almost a quarter in the first half of the year as high prices fuelled a crippling cost of living squeeze for millions. The German firm cashed in by increasing its profit […]

Filed Under: finance news

Boost for Barclays as profits rise 13 per cent

| July 28, 2012 | 0 Comments

By Rob Davies PUBLISHED: 15:55 EST, 27 July 2012 | UPDATED: 15:55 EST, 27 July 2012 Shares in Barclays soared, as the beleaguered bank’s bumper first-half profit offered a moment’s respite from the blows to its reputation. Pre-tax profit jumped 13 per cent to £4.2bn, well ahead of analysts’ consensus estimate of £3.8bn, thanks to […]

Filed Under: finance news

Plumber jailed for tax evasion as HMRC receipts rise

| July 27, 2012 | 0 Comments

  A plumber has been jailed for 12 months for tax evasion, demonstrating that despite the public backlash against Treasury minister David Gauke’s claim that paying plumbers in cash is “immoral”, HM Revenue & Customs (HMRC) is deadly serious in its clampdown on the black economy. Melvyn Careswell, 49, of Epsom, Surrey, set up a […]

Filed Under: Latest Finance News

Upbeat homeowners expect property prices to rise despite gloomy economic outlook

| July 20, 2012 | 0 Comments

By Lee Boyce PUBLISHED: 05:14 EST, 19 July 2012 | UPDATED: 16:05 EST, 19 July 2012 More homeowners expect property prices to rise rather than fall in the coming year, two separate studies have found, despite house sales stuttering and the dour economic outlook. According to the latest quarterly Halifax Housing Market Confidence tracker, 34 […]

Filed Under: finance news

Consumers Expect Inflation To Rise This Year

| June 21, 2012 | 0 Comments

British consumers are expecting inflation to increase at a faster rate in the coming year than three months ago, a survey by the Bank of England has revealed. Despite a recent slowdown in inflation, with the consumer price index (CPI) dropping to a two-year low, it seems that Brits are cautious about the future. The […]

Filed Under: Credit Card News

Money Markets Predict No Base Rate Rise Until 2016

| May 30, 2012 | 0 Comments

The Bank of England is unlikely to raise the current base rate until at least 2016 or 2017, money markets have predicted. This estimate for when an interest rate rise will happen is the furthest it has been since the economy was hit by recession in 2007. The Bank of England reduced interest rates to […]

Filed Under: Credit Card News

Mortgage famine means fat profits for landlords as rents rise

| May 26, 2012 | 0 Comments

The buy-to-let boom shows no sign of ending as the mortgage famine forces more middle-aged people to remain tenants rather than become homebuyers and rents continue to rise, according to the Royal Institution of Chartered Surveyors (RICS). Estate agents and mortgage brokers point out that many new rentiers are reluctant landlords because they simply cannot […]

Filed Under: Latest Finance News

Lefty myths of our time: why Henry Ford’s ‘pay rise’ for workers undermines the Living Wage campaign

| April 25, 2012 | 0 Comments

In the course of writing about why Apple should bring manufacturing back to the US, Aditya Chakrabortty, the historian who writes the economics leaders for The Guardian, makes this appeal to historic evidence: That may strike you as laughably naive, but it’s more akin to enlightened self-interest: just think of the way Henry Ford raised […]

Filed Under: Latest Finance News

MARKET REPORT: Gulf Keystone Petroleum’s shares rise after positive well test

| April 24, 2012 | 0 Comments

By Geoff Foster PUBLISHED: 16:09 EST, 23 April 2012 | UPDATED: 16:09 EST, 23 April 2012 You need nerves of steel to wheel and deal in the seat-of-your pants junior oil market. Punters were as happy as Larry as shares of Kurdistan-focused explorer Gulf Keystone Petroleum, which have traded between wide extremes of 5p and […]

Filed Under: finance news
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