A doomsday scenario by the Centre for Economics and Business Research think-tank says unemployment could rise from its current level of around 2.4m to 3.8m. At the same time national debt could soar to £2 trillion.
The 1980s witnessed widespread unrest when unemployment hit three million under the Tories.
But now the study by the CEBR [...]
It must also be safe given that the Government will only guarantee up to £50,000. F.E., Hitchin, Hertfordshire
Danny Cox, head of financial planning strategy at independent financial adviser Hargreaves Lansdown, replies: This will depend on how much income is needed.
The average cost of nursing care is £627 per week. This represents [...]
Simon Moon from This is Money replies: Damage to power cables in Dartford left more than 90,000 homes over a wide area of South East London without electricity for several days in July.
Such was the scale of the problem that emergency generators were brought from as far afield as Scotland to ensure that [...]
James Jones, consumer education manager at credit reference agency Experian, replies: Although you don't say as much, the chances are that the credit report you checked was from Experian.
If this is the case, the code D shows the Next account is 'dormant' which basically means you aren't using it.
I know you say you've [...]
Paul Tustain, of gold traders Bullion Vault, believes that private investors, are buying because they believe that, in the long term, the price of bullion reaching $2,000 is a significant possiblity.
And US investment firm, Moonraker Fund Management, say that 20 out of 22, or 91%, of hedge fund managers that it interviewed are buying [...]
Npower sent an estimated bill for £929.62. We queried this and gave them the actual reading. Now we are getting threatening letters demanding payment.
At the same time, EDF claimed not to have received our meter readings. It sent a bill for £1,124.67 to cover our first quarter.
They too said they would sort it out, but [...]
Go surfing
Before thinking about the seaside, surf the internet first. A good starting point is the website lastminute.com.
Not only does it have details of cheap flights and hotel packages, there's also a popular section on cheap days out in the UK at theme parks and local attractions.
Try travelsupermarket.com which searches everything from flights and hotels [...]
Interest rates on credit cards, personal loans and new mortgages are up while savers suffer the lowest returns on record.
Fees on several bank accounts have been increased, and some have cut the minimum repayments taken on credit cards leading unwary borrowers to pay more interest and stay in debt for longer.
Charges for using debit [...]
All the big lenders, including those saved from ruin by the taxpayer, are ramping up loan rates at the expense of families and businesses, a Daily Mail investigation has found.
Bank base rate has plunged to a historic low of 0.5%, but business organisations say their members are going to the wall because they cannot [...]
The last time the index recorded consecutive growth over ten days was at the start of 2004. But many private investors - and market analysts - remain unsure as to whether the recent recovery can be sustained.
Such nervousness explains why many are shunning traditional equity-only investment funds in favour of vehicles that aim to [...]
© 2008 Daily Financial News