Property Rescue Blog

Experts predict the UK property market to be even more sluggish in 2012 than it was in 2011.

According to the most recent report from the CBI, Britain’s service sector has weakened in the last quarter, covering the three months to the end of January.

A new report by the Daycare Trust charity has shown that the cost of childcare is rising quicker than wages rise which could force some parents out of work and into poverty.

The TUC has reported that compared to 10 years ago, a quarter of a million more people aged in their late 50s and early 60s are now working unpaid overtime.

Mortgage lenders are making it harder for homeowners to take out interest-only mortgages, with one high street bank insisting on a deposit of at least 50% to take out this type of loan.

Latest figures show that the average pay, rising by 2% a year, is failing to keep pace with inflation.

A new survey by The Institute of Directors’ (IoD) shows that one in three company directors see a very high or high risk of the UK falling back into recession this year. 

According to figures from HM Revenue and Customs (HMRC) property sales recorded a new year slump in January 2012.

The cost of diesel has hit a record high, at 143.05 pence per litre.

According to a report by the British Retail Consortium the situation on UK High Streets remains bleak as customer numbers fall.