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Property sales plummet for August

Figures from HM Revenue & Customs have revealed that the number of houses sold in the UK last month fell by over half compared to a year ago.

HMRC statistics show that only 62,000 properties were sold in August, a fall of 7,000 from the 69,000 houses sold in July.

The August data is made all the more stark when compared to the 141,000 properties sold a year previously.

The low level of transactions follows yesterday’s report from the British Bankers’ Association which reveals that August mortgage approvals for house purchase were down 64% from a year ago.


Fair’s fair

They say that the best salespeople and the most intelligent economic
thinkers do not necessarily make the best managers and leaders.

FSA fines GEMHL £1.12m

The Financial Services Authority has fined GE Money Home Lending £1.12m after 684 borrowers suffered financial loss in excess of £2.3m before redress was paid.

Staff axed in dot shake-up

Dot financial services revealed last week it has let go a small number of employed advisers as it switches to a self-employed business model.

Lloyds’ New Baby

Although there’s still no official name for the new mega-lender formed by the takeover of HBOS by Lloyds TSB, cyber squatters have been quick to see an opportunity.

Employees care about their health

It’s important employers remember this like an alarm going off in their head. Employees care about their health. And they’re calling on employers to provide them with health benefits. In a survey we conducted, we asked 1,005 UK SME employees to choose the top three employee benefits they would value most:  48% of employees voted […]


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