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.
How our household bills have changed
Over the past 50 years, British households have moved from spending money on food and drink to spending the majority of household income on accommodation, according to the latest report.The Office of National Statistics (ONS) has carried out an overview of our spending habits now as compared to the 1950s.These days we spend the largest proportion of our earnings on mortgage or rent payments, follo...Read More
Does the UK government support splitting UK banks?
While Mervyn King's comments earlier in the week regarding a potential splitting of UK banks between risky and less risky operations received very short thrift from the UK government there is a feeling that forthcoming banking capital rules may well produce a similar scenario. Quite why the government and Mervyn King appear to be at so different ends of the spectrum is a mystery when evidently the...Read More
Is Lloyds looking at revising HBOS offer?
Since the deal to merge Lloyds Bank and HBOS was announced there has been a wave of criticism crashing against the Lloyds Bank boardroom door. Well it looks as though Lloyds Bank may well have the last laugh with rumours they are looking to revise the HBOS offer. Currently priced at 0.83 Lloyds Bank shares for every HBOS share there are strong signs that this could be revised down to 0.6 Lloyds...Read More
George Osborne set to target banks and property owners
In a move which will certainly upset the traditional core Conservative party support in the UK it would appear, from leaks emanating from 11 Downing St., that George Osborne is set to make UK banks and property owners pay the price for the depressed UK economy. There have been rumours for some time about a potential banking levy and the proposed increase in CGT could hit as high as 50%, on a par w...Read More
Northern Rock forced to pay 43,000 customers compensation
11/12/2014 Former high street bank Northern Rock has been ordered to pay 43,000 borrowers compensation over misleading wording of past loan documents. A High Court ruling confirmed that Northern Rock Asset Management (NRAM), the nationalised remains of Northern Rock PLC, will have to pay £261 million to previous customers. The ruling relates to the banks “Together Mortgage”, which all...Read More