RSS Financial

If you're new here, you may want to check out our main info pages starting here. Thanks for visiting!

Millions wait for tax rebate
This month, all basic-rate taxpayers will find an additional 60 in their pay packets, courtesy of the government.

Fed Injects $50 Billion Into Money Markets

Central banks pump cash into money markets

Landlords emerge the winners in stamp duty waiver
Buy-to-let property investors have emerged as unexpected beneficiaries of the stamp duty holiday announced this week

Inflation expectations hit series high
LONDON (Reuters) - Britons’ expectations of inflation over the next 12 months edged up to a series high of 4.4 percent in August from 4.3 percent in May, a Bank of England survey showed on Thursday.

Profit from the plunging pound
Forecasts from the Bank of England that job losses in the UK are set to triple has pushed the pound down once again this week. At the beginning of this month, sterling fell to its lowest level since October 1996, as measured against a basket of currencies of UK trading partners.

Brown ignores calls for energy windfall tax
LONDON (Reuters) - Prime Minister Gordon Brown has ignored calls to impose a tax on energy firms’ windfall profits, but looks set to face renewed demands for a levy at Labour’s annual conference at the end of the month.

House prices continue to plummet
LONDON (Reuters) - House prices kept falling sharply in the three months to August even as the average number of home sales per surveyor hit a new low, a survey showed on Tuesday.

Follow the flow of roads and rivers
With market volatility making it difficult to know which asset classes to hold in the short-term, fund managers are turning to thematic investments with long-term growth prospects such as infrastructure and water

Savers aim to beat prices
Handful of savings products with inflation-beating guarantees see high take-up from savers worried about rising prices

Banks are businesses, too

Interest Rate Liberalization and Money Market Development …

FREE $50 Wells Fargo Checking Deal

More than 80 pct of families cut back spending
LONDON (Reuters) - More than 80 percent of families have changed their spending habits due to the credit crunch, with many households cutting back on grocery expenditure and non-essential items, according to a survey on Wednesday.

A new eye is cast over secondhand VCTs
The secondhand market for venture capital trusts (VCTs) which give tax relief on investments in fledgling companies is becoming more active, as investors look to buy traded VCTs for the tax-free dividends they offer.

Is America Working?

Money, Markets & Morality

Victims of bank data loss can seek redress
Individuals who have become victims of identity fraud could be missing out on compensation for distress and the time taken to clean up their credit records

Portfolio planning can put up defences against inflation
Current market conditions are presenting a conundrum for equity investors. Inflation has overshot the Bank of England’s target rate for four consecutive months but at the same time, the economy is slowing, with consumer spending down and unemployment set to rise.

Take-home pay falls in Aug as economy slows
LONDON (Reuters) - Take-home pay fell in August by its largest amount since January as a weakening economy dented workers’ bargaining power, a survey showed on Wednesday.

How to profit from the falling pound
LONDON (Citywire) - As the pound dropped to a record low against the euro on 1 September and has fallen to a two and a half year low against the dollar, currency investors are capitalising on this by trading heavily in GBP/USD. Some 86 percent of trades on Barclays Stockbrokers FX trading platform on that date were in GBP/USD.

Trader Talk

Rents recede in buy-to-let
Buy-to-let property owners are becoming increasingly concerned about falling rents, just as many need to refinance to more expensive, less flexible mortgage deals

Sellers in housing chains resort to extreme measures
People selling multimillion-pound homes have resorted to buying properties further down their chain of transactions in an attempt to ensure that their own sale goes through.