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Osborne becomes Shadow Chancellor

George Osborne has taken over from Oliver Letwin as shadow chancellor as part of Michael Howards cabinet reshuffle. Osborne, aged 33, was previously shadow chief secretary to the Treasury. Other moves include Malcolm Rifkind taking over from David Willetts as shadow work & pensions secretary with Willetts moving to shadow Alan Johnson at the Department for Productivity, Energy and Industry.

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Which? report exposes inadequate property valuations

Property valuations can vary by as much as 125,000, suggesting they are stabs in the dark, rather than professional opinions, reveals latest research by Which?Which? researchers posing as sellers invited 56 estate agents to value 14 properties across England in December last year. In six of the homes the top valuation was 25 per cent […]

Trillion pound baby

The equity-release market is now 25 times its size a decade ago, with a total value of just under 4bn and over 83,000 lifetime mortgages. More than 15,000 lifetime mortgages – equity-release loans for older homeowners – worth 693m were advanced in the second half of 2004, according to research by the Council of Mortgage Lenders.

Santander slashes more Abbey jobs

Banco Santander confirms it will be cutting 1,000 more jobs at Abbey than it originally expected taking the total number of job losses since the take-over to 4,000. When the bank acquired Abbey in November last year, it forecast the removal of 3,000 jobs in its cost-cutting programme. Around 2,400 posts have been identified to […]

Can you put a hat on?

By Sarah Scott, marketing consultant You might think the question in the title is a strange one. Perhaps even more so when you learn that it’s one of several asked as part of an assessment for Employment Support Allowance eligibility in the opening scenes of the 2016 film, ‘I, Daniel Blake’. Daniel is a carpenter […]

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