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These worries are made all the more real given that seven in 10 (70 per cent) people aged over 50 have made no provisions whatsoever. It’s not just the money that
[...click on headline to read full story] As students across the country come to the end of their courses and prepare to make their way in the world, analysis from online credit report provider Callcredit Check shows that the average student debt will take over 12 years to repay. YouGov research commissioned by Callcredit has also shown that 44pc of young people aged 18 – 24 are not saving any money at all and 64pc are more concerned about their financial situation today than in
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Sir Alan Sugar The Federation of Small Businesses (FSB) is celebrating victory with the Government’s introduction of an Enterprise Champion – in the form of businessman Sir Alan Sugar. The FSB has been campaigning for a corporate mediator to act as a go-between for high street banks and small businesses on lending issues and it is now
[...click on headline to read full story] Nearly one in three British adults is banking on an inheritance to help fund their retirement. And if the economic turmoil continues the inheritance could be significantly lower than expected for many. Findings by Friends Provident reveal that despite expecting to be left an average inheritance of £64,000, 44% of adults are not concerned about the recession affecting their inheritance pot and retirement savings. But independent figures show average house prices have dropped by £42,500 since August 2007 –
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Along the way it has revolutionised the way we communicate, source and collate information and the way we do business. If you want to get ahead in business get a website – but doing it well can still be a costly and time consuming downside for
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Over the past 12 months, the NAPF Pensions Confidence Index has risen from +3% to +7%, and is up from a low of just +1% in December 2008. Alongside the increase in confidence, employees continue to consider pensions
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Newcastle and Gateshead on the Tyne THERE HAS NEVER been a better time to come to NewcastleGateshead as a leisure visitor or on business. That’s the message coming from destination marketing agency NewcastleGateshead Initiative (NGI). With Sterling 15% cheaper against the Euro compared to this time last year, overseas visitors and business tourists can expect to get much
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A new initiative has been launched with the aim of providing a focal point for businesses in Durham. The South Durham Business Network (SDBN) made its formal debut at Spennymoor Town Hall on January. With the economic climate forecast to remain challenging throughout 2009, SDBN will seek to build a membership of between 150 and 200 in its first year. Chairman Darren Rice
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Tax rises and public spending cuts in store
We all knew there was a bitter harvest coming to deal with the country’s debt burden.
Well here’s the prognosis from CEBR (centre for economics and business research) and it makes uncomfortable reading.
The next government will need to take fiscal action of around £100 billion in tax rises and spending cuts to correct the fiscal deficit. If – as the bookmakers expect – the new government is Conservative, the forecasts suggest tax rises of £20 billion and spending
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