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‘Finance’ Archive

Happy 2010 Everyone! January 1, 2010 No Comments

Great news, 2010 is now here 2010 should be the year when the world finally pulls out of recession and all the major economies register some serious positive growth.  The expected house price increases may bring a rise in interest rates or perhaps a bit of inflation but overall we should all end up much [...]

Regulators Force New York Insurers to Offer You a Cheaper Auto Insurance Quote August 11, 2008 No Comments

Getting a cheap auto insurance quote online has just got easier for residents of New York. During the global credit crunch we are all used to prices going up so its nice to have some good news from the New York Insurance Regulators. The New York State Insurance Department has issued a document ordering insurers [...]

UK Interest Rates Held at 5% – You Need Cheap Van Insurance Quotes August 7, 2008 No Comments

The Bank of England today decided to keep the base rate of inflation at 5%. Given the current economic situation there is little choice for the BoE. This means that our prices will remain sky high for even basic items such as bread, milk and eggs. Food is already 10% more expensive than last year [...]

Bank of England Holds UK Interest Rates at 5% July 17, 2008 1 Comment

The UK Bank of England recently voted to hold interest rates at 5%. I believe they had little choice in this decision as any decrease will further fuel the increasing rate of inflation which is now nearing 4%, double the governments target rate. Equally, the Bank of England cannot put the rate up even by [...]

Car Insurance News – Slowdown in Car Sales Means Trouble for Car Insurance Providers July 10, 2008 1 Comment

Recent sales figures released by Land Rover show sales this year are down by 33% on the same period last year. This trend is being echoed around the automotive sector with overall registrations down 3.5%; a definite sign of delicate trading conditions on the horizon for car insurance providers. Land Rover officials stated that they [...]

Credit Crunch Could Cost Insurance Companies £1.5 Billion This Year July 6, 2008 2 Comments

UK insurance companies could see losses of upto £1.5 billion this year due to the credit crunch. This may seem surprising as insurance is usually compulosry for most people. Car insurance for drivers and buildings insurance for home owners are easy examples, so you would think that insurers would be unaffected by the worsening ecomonic [...]

Bank of England Likely to Cut Base Interest Rate in July 2008 Meeting July 2, 2008 1 Comment

In the recent open letter from Mervyn King, the Governer of the Bank of England, to the chancellor Alistair Darling, Mr King had to explain the rapid rise in inflation to 3.3%. The letter broadly blames shocks to the economy from escalating petrol, diesel, gas and electric prices. When any of the energy bills rise [...]

UK Interest Rates – Bank of England to Cut Rates in July 2008 Meeting June 18, 2008 1 Comment

Earlier this month the official figures were released showing the UK CPI inflation rate had risen to 3.3%. The remit of the Monetary Policy Commitee is to maintain CPI interest within 1 percentage point of 2%. If the upper limit of 3% is reached, the Governer of the Bank of England Mervyn King must write [...]

Fuel Price Rises Mean Misery for Van Insurance Customers June 17, 2008 No Comments

The price of a litre of petrol is now well on is now around £1.20 and diesel is a sky high £1.30 a litre!  According to a recent money supermarket survey, around two thirds of drivers thought that if the rises continue then they would find it extremely hard to cope with the extra strain [...]

Fuel Protest Highlights Problems in the Economy May 28, 2008 No Comments

Recent bad feeling about the spiralling cost of fuel lead to a fuel protest which brought chaos to London earlier today. About 300 vans, trucks and lorries forced road closures in the capital today sending a clear message to the Prime Minister Gordon Brown. People are just fed up with “Rip Off Britain” and the [...]