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UK unemployment falls by 35,000

UK unemployment has fallen by 35,000 to stand at 2.65m, according to figures from the Office for National Statistics.

The fall, which covers the December 2011 to February 2012 period, is the first quarterly fall since May 2011. The unemployment rate was 8.3% of the economically active population, down 0.1% on the quarter.

The inactivity rate for those aged from 16 to 64 was 23.1%, down 0.1%on the quarter. There were 9.27 million economically inactive people aged from 16 to 64, down 25,000 on the quarter.

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John Malone

Proc fee revolution on the cards

A major lender is in the advanced stages of revolutionising the way it pays proc fees, potentially sparking a radical overhaul of intermediary remuneration. Mortgage Strategy understands the unnamed lender will pay proc fees to brokers based on the quality of business they submit. It has developed a metric to assess different elements of brokers’ […]

More consumers sought remortgage advice last month

Enquiries from consumers looking to remortgage reached an all-time high in March, the latest figures from Unbiased.co.uk show. Its data reveals that 37% of all searches carried out for a mortgage adviser were for remortgages, compared with 33% in February 2012 and 31% in March last year. Karen Barrett, chief executive of Unbiased, says that […]

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Brokerage could leave liabilities of over £7m

Carrington Carr Home Finance, which appointed an administrator on March 20, could leave liabilities in excess of £7m, according to its latest accounts. The brokerage, a subsidiary of Carrington Carr Holdings, has blamed legacy claims with respect to the alleged mis-selling of payment protection insurance for its demise. Carrington Carr Home Finance’s latest accounts, which […]

Keep it simple when designing a website

It’s sometimes difficult to remember a time before the internet. The days of computer monitors bigger than fridges when page-loading took hours rather than seconds seem a distant memory.

Now more than ever, we need to back the small developer

In the context of the current housing deficit, the latest housebuilding stats aren’t great. But what does doing better look like? The Department for Communities & Local Government published its latest figures at the end of August, which revealed that housebuilding starts in England rose 2 per cent in Q2 compared to the previous quarter […]

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