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BUDGET 2008: Chancellor to “turn borrowing into wealth creation”

Chancellor Darling insists that public spending will “turn borrowing into wealth creation.”

He says that spending on health, transport and international aid has doubled, with public services spending rising by 3.7% between 1997 and 2007.

He adds that by 2010 Britain’s economy will have experienced the largest sustained expenditures on investment in public services in recent history.

Darling says he will bolster this by rising social spending contributions by energy firms from £50m to £150m.

He has pledged to invest over £2bn additional spending on defense and military equipment.


Budget chance to kick-start market

A bruised and battered mortgage market awaits the Budget speech on Wednesday with bated breath. It will be made by the first chancellor to preside over a run on a UK bank since savers lined the streets outside Overend, Gurney & Co in 1866.

B2L landlords benefiting from crisis

Estate agent Your Move says buy-to-let landlords are benefiting from the liquidity crisis.The number of leases commencing in January and February 2008 rose 21% compared to 12 months ago. Your Move says not only has the credit crunch led to a pronounced rise in tenant demand, but that the trend is set to continue. David […]

House prices fall to near historic levels, reveals RICS

A whopping 64% more chartered surveyors reported a fall in house prices to near historic levels in February, reveals the Royal Institution of Chartered Surveyors. It compares with 54.7% in January and 64.5% in June 1990.Its UK housing market survey, published today, also reveals that stock piles rose to levels not seen for a decade.Meanwhile, […]

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Mortgage Express has withdrawn all of its 100%+ and 100% Extra range.It follows the departure of all supersize, 125% LTV lenders from the market last month.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 […]

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Case study – employee engagement platform centralises benefits for higher uptake

Learn how Hastings Academies Trust adopted an employee engagement platform to reinforce unity among new and veteran employees with bespoke branding and segmentation technology. Download the free case study to learn how you too can: Strategically use branding to unite a spread out workforce and reinforce key values among staff Target your message to the […]


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