Jobs in the finance market at risk

If you work in the financial industry then your job maybe at risk according to the CBI. Due to the credit crisis , which some believe is the worst financial crisis since the 2nd world war, 10,000 jobs could be under threat because of worsening conditions from the financial sector which includes banks, building societies [...]

House prices set to fall

In October there was 30% chance of house prices falling on an annual basis. This percentage then increased to 65% in January and now a recent survey suggests that theres 75% chance that the house prices will continue to fall. House prices could start to fall by £600 a month or by 4% at the [...]

Changing car insurance policies will cost

If you do not keep your car insurance policy details up to date with the correct details then this can result in invalid insurance. The worst culprits are the cheap car insurance companies, due to them adding most services on as an extra cost. Approximately 60% of drivers in the UK make amendments to their [...]

Fraudster’s livin’ it large

Frauds impact on the economy comes second to drug trafficking as It is costing the UK £20bn a year. The figure is an estimate cost to the UK for lost revenue , stolen assets and costs of prevention and investigation. The people, who some may consider to be a waste of tax on , the [...]

Speeding up injury claims

The government has been called to action a faster settlement of personal injury claims. The Association of British Insurers (ABI) has said that the system is so slow that it takes a motor injury claim over 730 days to settle and workplace claims over 3 years to settle. The ABI belelieve that with the implementation [...]

Banks being abused

HBOS ,a banking and insurance firm which own Halifax and the Bank of Scotland found it’s share prices fall dramatically last week after false rumors were spread about the banks stability. The rumors mentioned somthing about the bank having similar problems to Northern Rock. Last week the value of the HBOS shares fell by 17% [...]

Thoughts about loans

Loans can either be secured or unsecured. A secured loan is tied to your house so if you can’t keep up with repayments then you might have to sell it. If you default on your unsecured loan then you just end up getting credit blacklisted so its not tied to anything but problems may arise [...]

Student loans company technology improvement

The student loans company has admitted to giving access to its database to staff lacking knowledge of processes and administration rights. That what has lead to incorrect information and decline of user satisfaction. The infrastructure incident manager has put a plan into action to rebuild their system by implementing an IT service management system to [...]

Can anyone feel a (over) draft ?

Abbey is now offering customers a preferred overdraft rate account (PODR) with an interest free overdraft for up to 12 months after which they are automatically enrolled for an over draft rate of 12.9%. Source: MoneyExtra

Sickness costing the economy money

Since the 1970′s the number of people on incapacity benefits has trebled. Briton has the highest number of people on the benefit in Europe so the NHS will be introducing the “fit note”. This note is something the Doctor will give to the patient for their company to see what the employee can do instead [...]