Charlie Bean, new deputy governor of the Bank of England, said rising oil prices would put the economy under further strain, prolonging the misery for consumers.
But he appealed to workers not to push for higher wages in the wake of rising inflation.
Mr Bean said the UK was facing 'the most challenging set of circumstances [...]
Filing for bankruptcy may provide an instant relief to the people in debts who are been regularly threatened by their creditors to pay their bills. You can get your debts discharged after filing bankruptcy. Though it may stop the creditors and collection agencies calling you repeatedly to pay your bills, it can also cause a [...]
Financial freedom means many different things to different people. To a teenager, it might mean having their own place and cutting your ties with the Bank of Mom and Dad. To someone in retirement age it might mean never having to work again. Still to others, financial freedom simply means never having to worry about [...]
And an individual living alone will need £326,700 to retire 'comfortably' says the 2008 Cost of Retirement report from Life Trust Insurance.
'It has never been more necessary to understand the true cost of modern retirement. People are living longer, healthier lives,' says Andy Briscoe, of Life Trust.
'This is great news [...]
The planet's most famous investor Warren Buffett, once quipped: 'Rule No.1: Never lose money. Rule No.2: Never forget rule No.1.'
As the richest man in the world, worth an estimated $62bn according to the Forbes rich list, it's probably wise to listen to whatever he says when it comes to making money. And people [...]
The FTSE index of Britain's 100 biggest companies fell 146 points - 2.6% - to close at 5,479 points. The drop wiped more than £30bn off the index.
The new level is about 1,000 points lower than at the start of the year.
The slump is a particular worry for those with money invested in pension [...]
With more than £12.6bn expected to be spent each month, big names including RBS/NatWest, Barclaycard, Capital One, HSBC , Nationwide and Mint are among those that have put up their rates in recent weeks, a Money Mail investigation has revealed.
It means that thousands of families splashing out on summer holidays will be caught out [...]
© 2008 Daily Financial News