Economy

News

RBS cuts 3,500 more jobs

2 Sep 2010 | By Samuel Dale

The Royal Bank of Scotland is cutting 3,500 support staff and closing more than half its business services offices.

Blair warns against ''too heavy'' regulation of financial sector

2 Sep 2010 | By Robert Thickett

Tony Blair has warned that too heavy regulation of the financial sector risks flattening it and warns that it would be “a big mistake”.

House prices drop 0.9% in August

2 Sep 2010 | By Samuel Dale

House prices have fallen by 0.9% in August, the second month in a row prices have dropped, the Nationwide House Price Index shows.

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Opinion

Mortgage lending up...a bit

19 Aug 2010 | By Andrew Montlake

Today saw the release of the latest set of data from the Council Of Mortgage Lenders, stating that gross mortgage lending rose by 5% in July compared to June, although this is still 3% down from July 2009.

Frustration still evident in Lending to Individuals figures

29 Jul 2010 | By Andrew Montlake

The frustration felt by many individuals that banks still do not seem to be lending in sufficient quantities is still evident in the latest Lending To Individuals figures from the Bank of England, which explains the frustration felt by many would-be borrowers.

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