The end of the scrappage scheme meant a sales fall was expected
New car sales fell sharply in August for the second consecutive month, figures from the Society of Motor Manufacturers and Traders have shown.
Construction orders were well down in the second quarter
New UK data shows a surprise decline in new construction orders and a sharp slowdown in the services sector.
Construction orders fell 14% in the second quarter - their first fall… more...
Fivers have a shorter lifespan than other banknotes
All banks and building societies have put in place plans to begin dispensing £5 notes from cash machines, a report has revealed.
Various consumer surveys have suggested that increasing availability of the banknotes from… more...
House prices fell for the second month in a row in August, according to the Nationwide building society.
Prices fell 0.9% last month, following a 0.5% decline in July, Nationwide said, adding that it was the first time that prices had fallen for two consecutive months since February 2009.
The average house price now stands at just over £166,500.
Nationwide said house prices had “essentially stagnated over… more...
Student loans have become a common financial factor for young people
Millions of graduates will now start paying interest on their student loans again as new interest rates come into effect.
Payments to the Student Loans… more...
Many people have looked to pay off debts in the downturn
Banks have written off a record amount of credit card debt despite charities reporting a fall in the proportion of calls from worried borrowers.
Figures… more...
Mr Blair says he proposed giving the Bank of England the power to set interest rates
The UK should have addressed its public deficit back in 2005
Unemployment is expected to rise again as public sector cuts hit home
At least one in 10 people will be unemployed in half of UK regions by 2015, an economic think tank has forecast.
The construction sector grew by 8.5% in the second quarter
The UK economy grew by more than initially thought in the second quarter of 2010, boosted by a strong performance by the construction sector.
The economy grew by… more...
Plans to harness tidal power off the coast of Anglesey are going on public display.
Marine Current Turbines and RWE npower renewables hope to generate a fifth of the island’s electricity needs from the £70m project.
If given the go-ahead, seven turbines between the Skerries and Carmel Head would act like an underwater windmill.
A two-day exhibition is starting in Holyhead. Technical studies have been carried… more...