View more on these topics

Brown says UK can deal with liquidity crisis

Prime Minister Gordon Brown claims the UK is well placed to deal with the global economic crisis.

In an interview today he says the figures of house price falls from Halifax should be considered in relation to the past 10 years of solid growth in the UK housing market.

Halifax’s index reveals a 2.5% drop in house prices in March, the largest drop since the early 1990s.

Brown says: “We’ve seen house prices rise by about 180% over the last 10 years, so a 2.5% drop is something that is containable.

“The issue is, can we ensure that growth is maintained in this economy, that we can get the housing market to continue to move forward?”

He tells the BBC this is why the government has introduced shared equity schemes for first-time buyers.

The plans are based on £3m investment in shared housing that Brown hopes will help first-time buyers get on the housing ladder.

The cash injection will come in the form of £1,500 grants to help with legal fees and furniture.

They are being offered in conjunction with the Open Market Home Buy scheme, an existing plan that helps key workers and some first-time buyers.


Working life is frustrating for brokers

The FSA’s decision to add another layer of red tape to the regulatory system is a symptom of why much of the joy has gone out of working in the financial services industry, says Sue Read

A&L to cut SVR by 0.25%

In line with the Bank of England’s recent interest rate cute Alliance & Leicester will be reducing the SVR on its mortgages by 0.25%.

Stamp Duty relief slammed by MPs

The government is under fire from a parliamentary committee for failing to extend Stamp Duty relief for zero-carbon properties to existing homes.The criticism follows chancellor Alistair Darling’s Budget announcement last month that buyers of new-build flats will be eligible for Stamp Duty relief, providing they follow up recommendations in their Energy Performance Certificates.In its seventh […]

BDS Secured Loans extends 10% proc fee promise

BDS Secured Loans has extended its pledge to pay brokers an extra 10% commission on all deals received by April 30.The firm, which launched last September, already offers brokers half of the case income it receives after costs.Mark Clinton, director of BDS, says: “There’s no doubt we’re working in a challenging marketplace.“This makes it even […]

Guide cover

Guide: how to… communicate with your pension members

Effective communication of your pension scheme is a large part of getting auto-enrolment right. Delivering the same message to all employees is not necessarily the way to go. To assist you with the communication of your pension scheme, we have provided some key areas to think about, such as:

  • What to consider when segmenting your workforce
  • How to communicate to pension scheme members at the right time in their member lifecycle
  • What topics you should be discussing with your pension members
  • The new pension freedoms and the importance of communicating them


News and expert analysis straight to your inbox

Sign up