Property Rescue Blog

Small- and medium-sized enterprises (SMEs) have seen a rise in bank fees this year, which is only making it more difficult to stay afloat and recover from the recent economic crisis.

A recent discretionary income survey conducted by CEBR on behalf of the Asda supermarket chain and using Office for National Statistics data shows that the average UK household had £175 per week in discretionary income as of July 2010 (a drop of £5 from the previous year).

Rampant wildfires and drought have devastated Russia’s wheat harvest, causing the prime minister to make the unprecedented move of placing a ban on the exportation of wheat.

The new coalition government has scrapped Labour’s flagship Saving Gateway savings plan, which was meant to start in July with the goal of encouraging the UK’s poorest to start saving.

The Ministry of Justice currently has a budget of £9 billion and employs 80,000 people; however, according to the Public and Commercial Services Union, the Ministry has proposed £2 billion in cuts, which could put 15,000 of these jobs in jeopardy.

Sell House FAst

Companies listed in the FTSE 100 share index paid out a record £17.5 billion extra into pension schemes in 2009 as part of their efforts to pay off accumulated deficits.

According to the Royal Institution of Chartered Surveyors, house prices are beginning to fall again.

According to the Institute for Fiscal Studies (IFS), the UK is facing the “longest, deepest, sustained period of cuts to public services spending at least since World War II.”

The average borrowing of UK consumers is on the rise with the average amount owed by each UK adult at approximately £30,000, which includes mortgages.