Latest News from Money Expert

Rightmove: Starter Home Asking Prices Jump in August

By Danny Lord | Published: 19.09.2016

Property website Rightmove reported signs of a return to form in the housing market as asking prices went up across the UK between August and September. According to Rightmove’s latest monthly report,...

July Sees Slight Drop in Unemployment But Also in Wage Growth

By Danny Lord | Published: 15.09.2016

The latest report from the Office for National Statistics showed that in the month following the EU referendum, wage growth fell, but other metrics showed and otherwise broadly resilient labour...

House Price Inflation and Mortgage Lending Fell in July

By Danny Lord | Published: 14.09.2016

Separate data from the ONS and the CML shows that the housing market cooled somewhat in the month after the Brexit vote, with price growth slowing and gross lending falling. The Office for National...

Lifetime ISA April Launch Confirmed With Fewer Providers on Board

By Danny Lord | Published: 12.09.2016

After doubts were raised about the viability of the intended April launch of the new Lifetime ISA earlier in August, the government has confirmed that the timeframe has not changes, despite some...

Carney Satisfied With Bank’s Response to and Warnings About Brexit

By Danny Lord | Published: 08.09.2016

The Bank of England’s Governor, Mark Carney, has restated the validity of his warnings about the effects of Brexit on the economy, and praised the Bank’s ‘timely and comprehensive’ action in response....

Payday Loan Complaints Increase Over First Half of 2016

By Danny Lord | Published: 06.09.2016

The Financial Ombudsman has revealed that in the first half of 2016, there were more than three times as many complaints related to payday loans than in the last six months of 2015. In the first six...

UK Services Sector Bounces Back from Post-Referendum Slump

By Danny Lord | Published: 06.09.2016

The latest Markit/CIPS Services PMI shows the sector recovering strongly after a sharp contraction in the immediate aftermath of the EU referendum. The headline business activity index was at 52.9 in...

Mortgage Approvals at 18 Month Low but House Prices Remain Resilient

By Danny Lord | Published: 01.09.2016

The Bank of England’s latest mortgage data shows the number of approvals fell to an 18 month low in July, but data from Nationwide shows house price inflation remaining strong in the wake of the...

UK Manufacturing Sees ‘Solid Rebound’ in August

By Danny Lord | Published: 01.09.2016

Following a series of negative releases, the latest Markit/CIPS PMI report shows the UK manufacturing sector to be recovering strongly in August. In July, the manufacturing Purchasing Managers’ Index,...

Third of Young People ‘Heavily Burdened’ with Debt

By Danny Lord | Published: 30.08.2016

National Debtline and the Money Advice Trust have published a survey examining the effects of debt on 18-24 year olds, and found that almost a third are currently lumped with debts that they consider...