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Brown has failed on fairer tax system, says Cable

Vince Cable MP, Liberal Democrat shadow chancellor, has criticised Gordon Brown&#39s performance as chancellor.

Cable says: “The chancellor has failed to make the tax system fairer and to tackle the risks posed by the house price boom. Gordon Brown&#39s greatest single achievement has been copying a policy by the Liberal Democrats – independence for the Bank of England. Under Brown taxes have become even less fair, with council tax rocketing. The chancellor has failed to even admit that council tax is unfair, let alone propose a fair replacement for it.”

He adds: “Gordon Brown has failed to tackle the house price bubble, or even take responsibility for it. Under him large numbers of people are gambling on the house price boom – but he seems unconcerned by the potential risks to peoples&#39 jobs and houses.”


RAMP launches non-conforming tracker with Preferred Mortgages

Packagers alliance RAMP has launched an exclusive non-conforming mortgage in conjunction with Preferred Mortgages. The exclusive tracker is available at LIBOR plus 2.25% for LTVs up to 75%, with a discount of 1.5% for 12 months from the date of completion. The product allows up to three months&#39 mortgage arrears with none in the last six […]

Vesta Money picks SDS MAPS for mortgage processing

SDS Applications, a provider of web-enabled solutions and software for the mortgage industry, has announced that Vesta Money has selected SDS MAPS for its mortgage processing. Vesta operates nationwide and says it generates and packages millions of pounds in mortgages per year. Vesta will deploy MAPS throughout the company&#39s operation The system will be used […]

Mortgage club for Scottish brokers

The recently-launched Mortgage Intermediary Alliance has created a dedicated mortgage club primarily for Scotland-based intermediaries. Helix Mortgage Services will provide specialist mortgage services for direct and administered business offering access to commercial, secured and residential mortgage loans. MIAS has formed alliances with three companies to launch the club: Adventi which will provide IT support to […]

Fixed deals back in spotlight

Industry figures say the latest Bank of England base rate hike will refuel the debate over whether borrowers will opt for the safety of fixed rate mortgages. The Monetary Policy Committee last week voted to raise the interest rate by 0.25% to 4.5%, the second rise in two months. The previous change in rates was […]

Abe and Modi

Investment ideas to power returns

We believe the most exciting stockmarket opportunities today are in those places where a new generation of leaders are successfully transforming economies and companies in favour of investors. In a new investment guide and website, which is suitable for use with your clients, we set out our views on these reformers. Click here to find […]


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