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Week in Numbers

£424m -the amount Brits are estimated by Santander Insurance to have collectively spent on the Jubilee weekend on food, drink, decorations and hideous memorabilia.

£87m – The amount that website paid Martin Lewis last week for

£80m – The money being put up for loans to 18-24 year olds to start their own businesses by Number 10.

11% – The percentage of individuals unemployed in the Eurozone in April, unchanged from March and still the highest level since records began in 1995.

€100bn – The amount of money that has left Spain in the first three months of 2012, almost 10% of the country’s gross domestic product.

£145m – The amount of money the government is giving to councils and community groups to develop empty homes.

15m – The number of Britons who would use an excuse to avoid doing home maintenance during bank holidays, according to Legal & General.



Pensioners seeking equity release failing to claim state benefits

Research from Just Retirement Solutions, the specialist financial advice arm of the Just Retirement Group, reveals that more than half of the customers seeking advice on equity release are failing to claim any or all of the state benefits they are entitled to.

The Mortgage Mole

The brokers’ friend London mayor Boris Johnson paid a visit to the offices of the Coreco Group last week to promote apprenticeships in financial services.

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David Cameron appoints former adviser to Tony Blair as new pensions minister

Following a cabinet reshuffle in light of last week’s general election, David Cameron has announced that Ros Altmann will be replacing Steve Webb as pensions minister. As the industry works with one of the largest reforms to the sector in almost a century, the former adviser to Tony Blair has been tasked with ensuring that the pensions revolution does not stray off track.


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