Property Rescue Blog

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 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

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.

In the 12 months to Q1 2010, banks and building societies in the UK wrote off loans to individuals totaling £9.6 billion.

According to insurance companies, the UK saw a significant increase in the number of fraudulent claims in 2009, resulting in a record high.

According to figures released by the British Banker’s Association (BBA), the total number of home mortgages approved in June had dropped from the month before to 34,813.