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Tories say families are becoming worse off

Figures showing prices are outstripping earnings at the same time as the jobs market is stagnating have sparked concerns in the Tory party.

Statistics from the Office for National Statistics last week showed that in the three months to November 2006 average earnings increased by 3.7% compared with 3.6% in 2005.

With the cost of living growing by 4.4% in the year to December 2006, the Conservatives say families with a single earner on an income of £20,000 will be worse off by £153 in real terms.


MEX appoints key account manager

Mortgage Express has appointed Richard Freedman as a key account manager. He joins from Alliance & Leicester where he was national account manager.

Abbey revise fixed rate range

Abbey has made changes to the rates on its existing fixed rate mortgages, as well as launching two new deals.The first is a five-year fixed rate stepped product with a rate of 3.99% that increases in the second and third years to 5.79% and 5.99% in years four and five respectively. The five-year product has […]

House price inflation in Scotland hits 12.5%

The Bank of Scotland’ s house price index for Q4 2006 reveals that the annual rate of house price inflation in Scotland is now 12.5%.This is above the UK average house price inflation of 9.9%.The index also showed that prices in Scotland rose by 3.0% in Q4 2006 which is below the UK quarterly rise […]


Last week, swaps posted the biggest weekly increases that I have seen since I’ve been writing this column, with one-year swaps almost going up by 0.25%. The increases were so large that I had to increase the y axis of my graph above 5.8%. One and two-year swaps are up about 0.5% in the past three months, which fits with two base rate increases.


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