Property Rescue Blog

The rate of unemployment in the UK continues to rise, with 2.47 million UK residents unemployed as of April.

As part of the new Budget, there will be new limits to Housing Benefits, which has been significantly reduced. The maximum level will now be £400 per week, which is only for properties having three or more bedrooms.

Part of the new Budget includes a two-year pay freeze for those working in the public sector. This will affect all workers earning more than £21,000 per year.

UK residents can expect to see many changes as the government undertakes its reforms. One of the first reforms includes a change in the pension age, which is scheduled to go from 65 to 68.

The College and University Support Network have been fielding more calls from higher and further education lecturers of late, largely due to existing funding crisis.

A survey conducted by the CBI business group found that UK High Street sales hit their lowest point in 14 months this May.

In further evidence of the way money troubles are affecting every aspect of life, a recent survey shows that money troubles are creating a barrier to parents spending time with their children.

The effects of the recent recession are still being felt as financial pressures force the NHS to put a hold on proposals to provide no-cost prescriptions to England residents.

Both new and current borrowers are seeing higher interest rates on mortgages as of 1 June 2010.

The Financial Services Authority (FSA), which is the financial regulator that oversees banking practices, has fined JP Morgan Securities £33.32 million, which is a record in the world of banking fines.