Mortgages: Concern rises over Help to Buy

iStock_000004085541_ExtraSmallJust a few days after Vince Cable, the Government’s Business Secretary, warned the Help to Buy scheme could lead to a housing bubble, a pressure group has raised further concerns. The scheme was announced by George Osborne in his spring budget, with the first part being launched immediately and the second starting in early 2014. However, whilst Help to Buy, along with the Funding for Lending scheme, certainly seems to have a positive impact on the housing market, it has come under criticism from various ...

Government approve new national minimum wage rate

Minimum WageThe National Minimum Wage is set to rise from October, following acceptance by the government of a recommendation by the Low Pay Commission (LPC). All levels of the minimum wage will rise, including those for an apprentice, which the government has said will increase despite calls from the LPC for the rate to be frozen. National Minimum Wage rises From 1st October 2013 the minimum wage will rise as follows: The adult rate will increase by 12p to £6.31 an hour The rate for 18-20 year olds ...