Students splash more cash on rent
Average rent rates for students in the UK have risen by seven per cent compared to last year, according to a new report by Accommodation for Students.Social housing website 24dash published the report findings showing that an average UK student would pay £60 per week for their digs in 2007, which is four pounds more than 2005. Yet this figure does not reflect the experience of all students, as rents vary dramatically depending on which university is attended and its location.London remains the most expensive place to study, where spending £102 per week on rent is the norm, at 71 per cent above the overall UK average. Oxbridge students also pay more with those attending Cambridge expecting to shell out £84 per week, 42 per cent above the national average.Accommodation tends to be cheaper around less popular universities such as Crewe, Middlesbrough and Stoke, where the average weekly rent bills are £37, £38 and £40 respectively.Simon Thompson, co-founder and director of Accommodation for Students, commented: "Now that students are accumulating large borrowings to subsidise their study the cost of accommodation has become a critical factor in their choice of university."
Housebuilding sector under pressure
News that housebuilding in the UK has fallen for the first time in 12 months is a worrying sign for the industry and a worrying sign for the UK economy as a whole. A survey released today cast a very dark shadow over the sector with confirmation that orders fell in September for the fourth straight month, job losses are increasing and work rates on offer to subcontractors have been slashed of late...Read More
The attractions of renting
As the UK property market continues to struggle more and more people are looking towards renting properties in the short to medium term until their own financial situations are clearer and the UK property market is more stable. While many people would suggest to you that renting property is "dead money" this is not always the case and there are a number of positive factors to take into account.
Glossary Of Investment Terms (A)
As the name suggests, the Association of British Insurers (ABI) is an association which represents British insurers who are one of the largest investors in stocks, shares and other investment assets in the UK. The ABI is a very influential association and one which carries an awful lot of sway in the UK.
The date when income will be paid by...
Cost of retiring underestimated
Young people are underestimating the cost of retirement by nearly a quarter of a million pounds, a study has shown.A survey by Selftrade showed that one in four people had no idea of the cost of retirement and others underestimated the cost by an average of £240,000.Many thought £260,000 would suffice - but according to Selftrade, this would amount to £13,000 a year, and that a figure of £500,...Read More
Is the regulatory clampdown too little too late?
As the Chancellor of the Exchequer and the Financial Services Authority (FSA) warn the city to be prepared for a serious tightening of the regulatory belt over the next few years, many people are suggesting this is all too little too late. There is also a feeling that Gordon Brown has a lot to answer for as he was Chancellor of the Exchequer and oversaw some major changes in the regulatory framewo...Read More