Posts Tagged ‘emergency budget’

Bovis: Consumers hit by spending cuts and tax hikes

Housebuilder Bovis Homes has today claimed the coalition Government’s spending cuts and tax hikes have dented consumer confidence. Its claim comes as the company reported a pre-tax profit of £3.5 million in the first half of 2010, compared with a loss of £8.6 million for the same period last year, Meanwhile, it added it planned [...]

Retirement planning vital during pensions crisis

Brits should take charge of their own pension plans following the government’s cuts to pensions in the emergency budget, a financial expert has claimed.
Nick Scarrett, head of pensions at the Fair Investment Company (FIC), said consumers should take responsibility for saving as much as they can afford for retirement.
“It has never been more important to [...]

Repossessions fall to two-year low

The number of homeowners who saw their properties repossessed by lenders fell to a two-year low in the first three months of 2010.
New data from the Financial Services Authority put the total the number of repossessions at 10,500, down 11% on the final quarter of 2009.
In addition, new mortgage arrears declined by 2%, taking the [...]

Banks get off lightly in emergency budget

George Osborne’s emergency budget “takes from the poor to give to the rich” according to campaigners for a fairer tax system.
The Chancellor of the Exchequer has failed to hold banks responsible for the financial carnage they caused in the credit crunch and the subsequent recession, the Robin Hood Tax campaign said.
”The Chancellor called today’s budget [...]

Budget change to Support for Mortgage Interest scheme

Yesterday’s emergency Budget contained a change to the Support for Mortgage Interest (SMI) scheme, which aims to give homeowners in financial difficulties time to find new employment or recover income, without the added stress of potentially losing their homes.
The scheme involves lenders reducing a borrower’s monthly mortgage payments by deferring interest, which can be settled [...]