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House prices fall unexpectedly
Wed, 01 Feb 2012 07:12:21 +0000
LONDON (Reuters) - House prices unexpectedly fell for the second month in a row in January, due to the prospect of greater unemployment and buyers' problems finding large enough mortgage deposits, data from lender Nationwide showed on Wednesday.
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Record drop in consumer credit
Tue, 31 Jan 2012 12:36:27 +0000
LONDON (Reuters) - Credit card and other unsecured lending to British consumers posted its sharpest drop in nearly two decades in December, supporting expectations that the Bank of England will soon inject more cash into the economy to prevent a deep recession.
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UK consumers pay billions in fund dealing costs
Tue, 31 Jan 2012 16:35:27 +0000
LONDON (Reuters) - The funds industry is imposing 18.5 billion pounds of hidden costs on investors every year through dealing charges that are obscured by cryptic fee structures and "convoluted language", new research on financial consumers has found.
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Nervy UK fund managers start cautious return to stocks
Tue, 31 Jan 2012 16:22:23 +0000
LONDON (Reuters) - British fund managers began to return to stocks in January, cutting cash, despite worries about the damage Europe's still-unresolved debt crisis might yet inflict on markets, according to a Reuters poll.
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Energy firms' accounting practices cleared
Tue, 31 Jan 2012 16:34:08 +0000
LONDON (Reuters) - A forensic review of UK energy company accounting practices has found no evidence of financial irregularities aimed at justifying steep rises in retail gas and electricity bills last year, regulator Ofgem, which commissioned the study, said.
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Water bills to rise 5.7 percent in 2012
Tue, 31 Jan 2012 09:51:23 +0000
LONDON (Reuters) - The average household water and sewerage bill in England and Wales will rise by 5.7 percent in 2012 as water companies gear up to invest as much as 22 billion pounds over the next five years, industry regulator Ofwat said on Tuesday.
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Consumer confidence rises to 7-month peak
Tue, 31 Jan 2012 07:13:47 +0000
LONDON (Reuters) - British consumer morale climbed to its highest in more than half a year in January, as lower energy costs and retailer discounts provided hard-pressed consumers with some relief, at least for now, researchers GfK NOP said on Tuesday.
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Irish consumer sentiment rebounds as euro fears ease
Tue, 31 Jan 2012 12:08:46 +0000
DUBLIN (Reuters) - Irish consumer sentiment rebounded sharply in January from its largest fall in a decade as New Year's sales buoyed consumers who appeared less worried about the euro zone crisis, a survey showed on Tuesday.
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Lib Dems aim to speed up tax breaks for low paid
Thu, 26 Jan 2012 14:24:01 +0000
LONDON (Reuters) - The Liberal Democrats called for the government on Thursday to accelerate plans to exempt more low-paid workers from paying income tax, hoping to fund the move by taxing expensive homes and clamping down on tax evasion.
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Government seeks Supreme Court appeal on solar cuts
Thu, 26 Jan 2012 12:11:52 +0000
LONDON (Reuters) - The government said on Thursday it is seeking permission to appeal to the Supreme Court to overturn a High Court ruling that the timing of its decision to cut subsidies for solar panels on homes was unlawful.
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