Summertime garden theft blues cost £400
Opportunistic garden thieves stole an average of £400 of garden furniture from properties in the UK last year.With the sunny days of British summertime almost upon us, homeowners are being warned to protect their homes this year to prevent green-fingered thieved from spoiling their summer.According to Halifax, insurance claims for garden theft tripled between March and August last year, with items including tools, barbecues, bicycles and patio furniture high on the thieves' wish-list."Homeowners can forget to pay as much attention to security outside the house as they do inside," Halifax Home Insurance's senior manager of underwriting, Vicky Emmott said."With many people realising how much value they can add to their property by improving their gardens, there are now rich pickings for thieves, and now is the time to take steps to avoid becoming the next victim," she added.Stoke-on-Trent, Doncaster and Southampton were listed as the top three worst hit areas in the UK, with Wakefield, Nottingham and Newcastle not far behind.
Council tax set to rise to plug pension fund shortfall
It has been revealed via a Freedom of information request that 83 of the 87 local government pension schemes in operation in the UK were in deficit in 2007. When you consider that the financial situation has changed for the worse since 2007, we can only assume that the deficit problem has worsened over the last two years. So who will pay the price? The Liberal Democrat Shadow Work and Pensions...Read More
UK corporate insolvencies approaching crisis point
News at 4001 companies went bust in the UK in the third quarter of 2008 are starting to cause real concern among financial experts. The main worry is the fact that this type of news will see banks and other investment groups pull in their horns and demand greater guarantees and covenants for future financial assistance.
In many ways this is turning out to be a self fulfilling prophe...
Annual Housing Transactions Reach One Million
06/02/2014 A report from Halifax has suggested that the housing market is continuing to exhibit an upward trend, as transactions in 2013 reached one million for the first time since the financial crisis in 2007. Home sales rose for the ninth consecutive month in December to 103,040, which is 30% higher than in December 2012. Additionally, the number of mortgage approvals, which is a key fact...Read More
Should there be a commercial bank owned by the government in the longer term?
As the UK government continues to hold significant stakes in the likes of Lloyds TSB and Royal Bank of Scotland there is a growing debate as to whether the UK authorities should operate a majority controlled bank in the UK commercial sector. The ability to potentially lead from the front has attracted the attention of many MPs and regulators although there are a number of issues such as conflicts...Read More
When will the UK government chance increasing taxes?
As UK national debt continues to creep higher and is expected to reach £1 trillion over the next two years there is an acknowledgement that UK taxes will need to rise substantially in years to come. While we have seen the introduction of a number of indirect taxes it will be changes to income tax and VAT which will dictate the way ahead and the timing of tax increases in the UK. So when will Gord...Read More