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Letwin attacks Brown over savings ratio

Shadow chancellor Oliver Letwin has slammed Gordon Brown&#39s pre Budget speech saying Brown has conveniently excluded figures showing the savings ratio has halved and neglected to mention the relationship between this statstic and the rise in means testing for pensioners.


Correspondent&#39s week

Mondays have got a bad name – mainly because of people like Bob Geldof who go on about how much they hate them. But for me, they are by far my happiest day of the working week. Today, like most other Mondays,I arrive in the office late, drink coffee, check emails and enjoy the peace. […]

Chelsea launches children&#39s saving account

The Chelsea Building Society is launching a new children&#39s account available at 4 per cent gross pa. It will offer instant access with a minimum opening balance of £1 with a maximum of £5000.

Lender competition results in cross-subsidisation – Miles

The way mortgage lenders compete for new business results in cross-subsidisation from existing borrowers paying standard variable rates to new borrowers taking out discounted variable and short- term fixed rate mortgages according to Miles&#39 findings. He says this practice means that longer-term fixed -rate mortgages appear expensive when compared with discounted mortgages.

NDF offers index innovation

NDF Administration has brought out a capital-protected bond that can be linked to the Halifax House Price Index, the FTSE 100 index or a combination of both indices for six years. The bond will return all investors&#39 original capital at the end of the term regardless of index performance. Investors will also get 100 per […]

The changing world of professional connections

The Legal Services Act of 2007, which opened up the legal market to competition, has put the cat among the professional pigeons. In the words of a 2015 Law Society report on what the legal profession is likely to look like in five years’ time: “Business as usual is not an option for many, if […]


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