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Inflation turns negative

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%.While the Consumer Prices Index annual inflation – the government’s target measure – fell to 2.9% in March, down from 3.2% in […]

Don’t be put off considering joining a network

The latest news from the Council of Mortgage Lenders is that although the volume of mortgages for house purchase increased by 4% in February, the volume of remortgage business fell by 20% compared with the previous month. The figures are even gloomier when viewed on an annual basis. The number of house purchase deals is down by 47% and remortgage deals by 58% compared with the same period last year.

Unemployment cover limits loom

The Association of British Insurers says other insurers may follow in the footsteps of the Post Office and limit their unemployment cover if contracts allow.


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