View more on these topics

House prices 64 times higher since first European Championship

House prices are 64 times higher since the first European Championship, a report from Nationwide reveals.

In a special football-related report, ahead of the Europe 2004 Championships, Nationwide reveals that house prices have risen 19% per year since Sven Goran became coach of the England team, while house prices are more than 2.5 times higher since Euro 1996.

Alex Bannister, Nationwide&#39s group economist, says: “Much has happened to the housing market since the first European Championship was held back in 1960. Back in the sixties just over 45%, or around 8 million people, owned their own home and house prices had yet to become the nation&#39s favourite topic of conversation.

“Since then, there was a revolution in home ownership; with the proportion of the population owning their own home rising to 53% in the 70s; 60% in the eighties; 68% in the 90s &#45 and the proportion now tops 70%.”


New rules for lenders in consumer credit shake-up

Consumer minister Gerry Sutcliffe yesterday announced that all consumers will get clear and detailed information about their credit agreements from lenders before they sign up &#45 enabling them to shop around for the best deal. Sutcliffe also said excessive charges for settling an agreement early will be replaced with a new fairer system. The move […]

Comments spark speculation on Abbey takeover

A Call by Lloyds TSB for the government to relax banking merger rules has led to speculation in the City that the bank is set to resume its attempts to acquire rival Abbey. The speculation began after comments made by Lloyds TSB chairman Maarten van den Bergh at a banking conference last week. At the […]

Bol picks Soden successor

Bank of Ireland is searching for a new boss following chief executive Michael Soden&#39s shock resignation last week after he confessed to viewing pornographic material on his office computer. The 57 year old quit his £1m-a-year post after an internal check of the company&#39s internet system revealed the breach of company regulations. There is speculation […]


The Bank of England&#39s MPC committee today voted to raise interest rates by 0.25%. A statement from the Bank says: “The global economic recovery is continuing. In the United Kingdom, official data and business surveys suggest that output growth remains around, or above, trend. Household spending, public consumption and investment have all grown strongly and […]


Employers fined £52,500 for auto-enrolment failings

By Jamie Clark, Business Development Manager The Pensions Regulator (TPR) has taken the step of naming and shaming employers that have been served County Court Judgments (CCJs) for non-payment of auto-enrolment fines. We take a look at what this means for employers, their employees and advisers Shamed into action? Sixty-four employers have been served CCJs […]


News and expert analysis straight to your inbox

Sign up