For the first time since March 1960, annual inflation measured by the Retail Prices Index – which includes housing costs such as mortgage interest payments and council tax – fell below zero to -0.4%.
Halifax is offering to pay towards the council tax bill for home movers and first-time buyers in order to help with the costs of buying a new home.The lender is offering to pay half of the first annual council tax bill up to a maximum of £1,000, with council tax paid directly to the borrower’s […]
Standard & Poor’s Ratings Services is introducing a risk-adjusted capital ratio for financial institutions.Bernard de Longevialle, credit analyst at S&P, says: “The RAC aims to provide a globally consistent and independent view of capital adequacy for each of the financial institutions we rate. “In our view, other risk-adjusted capital measures are increasingly issuer-specific–potentially making it […]
Lord Turner, chairman of the Financial Services Authority, says a tighter cap on commercial lending for mutuals could result from the bailout of failed society Dunfermline.
A warning has been sent by The Pensions Regulator (TPR) to half a million small employers of their risk of being fined for not taking action on their workplace pension obligations. The Department for Work and Pensions’ (DWP) ‘Workie’ character, who first made an appearance on our screens in October last year, returns and emphasises […]
News and expert analysis straight to your inboxSign up