Credit Crunch

House prices drop year-on-year for first time since 1996

House prices have fallen by 1 per cent during the past 12 months, the first year-on-year fall since 1996, figures showed today.

Inside Credit Crunch

The spectre of 'stagflation'

Wednesday, 14 May 2008

A combination of stagnant output and high inflation not seen for decades is set to haunt policy makers for months if not years to come.

Credit crisis? Will someone please tell the stock market

Sunday, 11 May 2008

It was a trip to China that showed Tom Ewing, the head of Fidelity's UK growth fund, which British companies should receive his investment money. Along with his wife, Clare, he spent six weeks travelling round China, taking nine internal flights and visiting as much as they could of the vast country.

Bovis Homes warns of profits fall

Tuesday, 6 May 2008

Bovis Homes today warned that a 30-per-cent slide in reservations so far this year would leave half-year profits "significantly lower" than expected.

Lenders pledge to pass rate cuts on to mortgage-payers

Wednesday, 23 April 2008

Homeowners have been promised a cut in interest rates when the inter-bank lending rate goes down after a Downing Street summit over the credit squeeze between the Chancellor and mortgage lenders.

Tough-talking Clinton vows to 'obliterate' Iran if it ever dares to attack US ally Israel

Wednesday, 23 April 2008

As Pennsylvania went to the polls yesterday, Hillary Clinton sought to burnish her reputation as a hawk by warning Iran that as president she was prepared to "obliterate" the country, should it launch a nuclear attack against Israel.

Chancellor will urge lenders to pass on rate cuts to borrowers

Tuesday, 22 April 2008

Banks and building societies will be urged at a crisis meeting with the Chancellor today to pass on cuts in interest rates and give greater flexibility to customers in trouble with their mortgage repayments, after the biggest bank bail-out in a generation.

Darling hails banks rescue package

Monday, 21 April 2008

Chancellor Alistair Darling today welcomed the Bank of England's £50 billion rescue package for banks hit by the credit crunch.

Bank of England to unveil £50bn rescue package

Sunday, 20 April 2008

The Bank of England is set to unveil a rescue package of around £50bn to shore up the UK's fragile banking system, while Royal Bank of Scotland, the country's second-biggest bank, will ask shareholders for around £10bn of new money as it discloses even more writedowns from the sub-prime fiasco.

Property woes increase as slowdown bites

Saturday, 19 April 2008

Britain's increasingly beleaguered property market was hit by further setbacks yesterday with a double whammy of bad news from the residential and commercial real-estate sectors.

Negative equity 'will hit over one million homes'

Friday, 18 April 2008

More than one million householders – about 10 per cent of all mortgage-holders – could soon find themselves with homes worth less than the debt outstanding on them, according to the Government's former adviser on the housing market.

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