Chancellor Alistair Darling opened the 2008 Budget proclaiming that the economy is stable as a result of strong fundamentals and high consumer confidence. Nevertheless, he reduced the UK’s growth forecast to between 1.75% and 2.25% from the 2% to 2.25% he predicted in October’s pre-Budget report.
- Top trends
Many predict that 2008 will be an excellent year for remortgages and the sector has already got off to an encouraging start.
Ailing insurer Friends Provident has revealed pre-tax profits of £16m for 2007 – a whopping 97% reduction compared with 2006’s figures.Profits declined from £509m in 2006, calculated on a European Embedded Value basis.Under the EEV method, insurance firms’ value is calculated according to indicators such as investment performance because of the long-term nature of insurance […]
The Financial Services Authority has launched an investigation into recent UK share trading, after rumours that HBOS had asked the Bank of England for emergency funding.
Barnetts Solicitors has earmarked 2008 as a year of growth as it looks to build its residential and commercial conveyancing customer base. As a technology focused firm, it says it’s well positioned to deal with the difficult market conditions and is now looking to the future.It intends to build and diversify its customer base this […]
According to Doug Rice, managing director of international services, in 2015, managing their international duty of care will become an increasing focus for UK-based overseas organisations in both managing their short- and longer-term challenges. As a result, strong independent advice and innovative technological solutions will become more important than ever in managing their global benefits.
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