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Week in numbers

0.1% – The amount the National Institute of Economic and Social Research estimates gross domestic product grew in Q1 2012.

-40% – The amount the average travel insurance claim for skiing injuries in the US and Canada has fallen year-on-year – but £2,863 was still paid out compared with £960 in France.

£12bn – The annual turnover from housing associations according to housing minister Grant Shapps.

630,389 – The number of property sales in 2011, down 4% from the 654,481 seen in 2010.

£15.6m – The estimated cost to retailers to install displays to hide tobacco products to comply with laws coming into effect in April 2015.

£9,393 – The typical annual cost of owning and running a house, says Halifax. This is the highest since January 2008, when it was £9,406.

170,000 – The number of homes set to be delivered through the government’s Affordable Homes Programme – 20,000 more than originally thought.

35% – The number of 18 to 24 year old men who, when asked by the AA if they could change a light bulb, said no.


Green light for first tenancy deposit scheme in Scotland

The Scottish government has approved its first tenancy deposit protection scheme, The Letting Protection Service Scotland, which will launch on July 2. The Tenancy Deposit Schemes (Scotland) Regulations 2011 came into force on March 7 2011 following approval from Parliament. It then entered into a consultation process between December 2011 and January 2012, with the […]

HSBC approves record £4.9bn in Q1

HSBC approved £4.9bn in mortgages in the first three months of 2012 – 9% more than a year ago and the highest quarterly amount it has ever approved. Of this figure, £1.2bn was approved for first-time buyers – an annual rise of 18% and an average of £93m per week or £19m per day. Earlier […]

Co-op Bank joins crowd of lenders upping SVRs

The Co-operative Bank is the latest lender to increase its SVR. From May 1, it is raising its SVR by 0.5% – from 4.24% to 4.74%. It estimates the average increase seen by SVR clients will be £15 a month. For customers on a high LTV – 90% or above – it is launching a […]

Navigating volatility

The making of any fund can be seen in how it responds to crises and opportunities. In this short video, Head of Multi Asset at Royal London Asset Management Trevor Greetham outlines how the Royal London Global Multi Asset Portfolios or GMAPs navigated through Brexit and the US election cycle. He also highlights the importance […]


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