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House prices have fallen for two consecutive months for the first time since February 2009, according to the Nationwide building society.
Prices fell by 0.9 per cent in August and 0.5 per cent in July with the average house price now standing at £166,500.
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Investment Sense News
House prices have fallen for two consecutive months for the first time since February 2009, according to the Nationwide building society.
Prices fell by 0.9 per cent in August and 0.5 per cent in July with the average house price now standing at £166,500.
September 3rd, 2010
Consumers are focusing on paying off their debts and saving less, according to advice website unbiased.co.uk.
Karen Barrett, Chief Executive of the site, said: "Brits appear to have shifted their financial habits to reflect those last seen at the height of the credit crunch, with debt repayment top of the priority list. For the first time since 2008, consumers are now paying off more debt than they’re borrowing – however this has inevitably also resulted in a drop in savings levels".
September 2nd, 2010
Chances of a double-dip recession may have been overblown if the actions of leading fund managers are to be believed. Managers are hoping for a sustained economic recovery and have increased their share holdings and cut back on bonds illustrating their confidence in the market.
A Reuters poll of 11 British institutions found that the average allocation to equities rose from 46.4 per cent in July to 49.8 per cent in August and bonds fell from 25.5 per cent to 24.2 per cent. The UK is one of the few countries to see an increase - US and European investors reduced their equities.
September 1st, 2010
