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BUDGET 2008: Chancellor increases small firms loan

The chancellor has pledged to inject £60m into the Small Firms Loan Guarantee

He says he will also roll out the scheme, which aims to provide small firms with funding support to execute viable business plans, to all small and medium businesses.

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EConveyancer offers £200 Red Letter voucher

EConveyancer is giving away a £200 Red Letter Day voucher to the intermediary who generates the most conveyancing instructions during March.The voucher can be redeemed at any time and for any activity that appeals to the winner. £200 will typically buy an hour’s flight in a light aircraft, a deluxe spa day, a helicopter flight, […]

RBSIP hikes five-year rate

RBS for Intermdiaries is increasing the rate of its First Active five-year fixed rate remortgage range from 5.6% to 5.75%. The fix applies until April 30 2013 and features a £799 arrangement fee.

BUDGET 2008: Your Move slams inaction on Stamp Duty

Your Move estate agents claims the chancellor Alistair Darling has failed to help first-time buyers through his inaction on Stamp Duty.David Newnes, managing director of Your Move, says: “The chancellor has ignored the need for a boost in the property market – and that was a big mistake. “The UK market is feeling the squeeze […]

MEX pulls 100% mortgages

Mortgage Express has withdrawn all of its 100%+ and 100% Extra range.It follows the departure of all supersize, 125% LTV lenders from the market last month. MEX is also withdrawing all mortgages in its standard, full-status range, its 90% LTV buy-to-let products and its two-year 85% LTV self-cert deals. But it says it will retain […]

Japan Economic Insight

James Dowey, Chief Economist, and Paul Caruana-Galizia, Economist

The conventional wisdom is that following a roughly 50 per cent rise in the stock market in 2013 in Yen terms, the Japan trade is over and done*. So the story goes, those big gains were due to a one-off boost from quantitative easing (QE) and a depreciation of the Yen — policies that one should think of as a palliative to Japan’s economic weakness, but not a cure. Rather the cure, and by implication the necessary condition for a longer-term investment case, is deep structural reforms — a painstaking re-weaving of Japan’s economic and social fabric, no less. The story continues: this is a much tougher test than launching a blast of QE, and one that prime minister Shinzo Abe, although well intentioned and well supported by the public thus far, is likely to fail. Stick a fork in Japan, it’s done…continue reading

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