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UK property market hits a turning point

Countrywide's Market Insight for September 2010

It’s another hold for bank rate, with many more to come

"The MPC’s decision to leave Bank Rate unchanged for another month was really the only possible conclusion and the committee probably spent more time discussing the Quantitative Easing (QE) programme than whether to change Bank Rate. With…

Britons are most likely to turn to friends and family for financial advice – but those who use independent advice recommend it

  • 43% of people look to friends or family for help with decisions about their finances
  • 95% of people who have visited an IFA feel they have benefited from the experience

FSA publishes its Prudential Risk Outlook

The Financial Services Authority (FSA) has published the Prudential Risk Outlook (PRO), which sets out its assessment of macro economic and financial trends as a context for its micro-prudential regulation and supervision of firms.

£30.000 a year, that’s the value of a Mum

Legal & General’s latest Value of a Mum survey finds that the value of the unpaid work that a Mum does around the home would cost £30,032 to replace*.

Tough year for the over 55s

The finances of the over-55s have worsened over the last 12 months, according to Aviva’s fifth quarterly Real Retirement Report.

Working women take financial control – but neglect to protect themselves

  • Nearly half (46%) of working women describe themselves as the main earners in their family
  • 44% of all working women state they are responsible for making the family financial decisions and over three in five (61%) raise money discussions in the household

10 million Brits can’t find a single reason to recommend their bank

  • Over a third say excessive bonuses and profits mean they won't refer a friend
  • Two in five dissatisfied or disaffected with their bank
  • Nearly two thirds of people crave a bank that shares their values

Not too late to fix your finances

  • Base rate remains at 0.5 per cent for nearly two years
  • Two year fixed rate mortgages increase by 0.18 per cent in one month
  • A one per cent increase in Base Rate would add £77 to the average monthly tracker repayment

Eight million Brits missed payments last year

Over eight million Brits missed paying regular monthly bills last year, putting their credit profile at risk and making it harder for them to be accepted for credit in the future.

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