View more on these topics

Mortgage Pressure Builds

Pressure intensified today on our poor chancellor after he made some interesting comments about the state of the economic environment.

Alistair Darling told The Guardian last week that conditions were “arguably the worst they’ve been in 60 years”. The main issue with this is that the Prime Minister Gordon Brown has been at pains to point out how resilient the UK economy is.

As the ramifications of the chancellors comments fed through to markets and a fall in the pound, it does finally seem that a long awaited government re-shuffle will see us with a new chancellor giving the next budget.

As figures are released that the number of new mortgages in July were a massive 71% down on this time last year, a new wave of pressure also descended over the government to come clean over their plans for stamp duty.

The reality of the situation is that if anything is done on stamp duty it is likely to just be for the 1% up to £250,000.

But according to Treasury aides, the decision is likely to go right to the wire.

As they say here in Bristol, “Come on Darling, man-up”.


Act now or pay later

Peter Williams, executive director of the Intermediary Mortgage Lenders Association, believes that falling house prices are a symptom of the current market malaise rather than a cause, and calls on the government to take immediate action

A darker shade of green

Eco-towns are being flagged up as the way to a greener tomorrow but Peter Fall, managing director of Clear Building Survey, asks whether we shouldn’t first be doing more to improve the energy efficiency of the UK’s 22 million existing homes, and what role financial service providers can play

Insurance - thumbnail

Consumer attitudes to protection

Royal London commissioned Opinium to run our State of the Protection Nation research to find out how people felt about their own protection needs and the industry as a whole. By Ross Jackson, Senior Protection Marketing Manager We surveyed people who had already taken out some kind of protection insurance and those who didn’t have […]


News and expert analysis straight to your inbox

Sign up