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Money to extend a council tax freeze in England to 2012-13 has been unveiled by Chancellor George Osborne.The government cannot force councils to freeze bills but it is offering to give those that limit spending rises to 2.5% the money they need. Money would also be offered to the Scottish and Welsh administrations, which will choose [...] More complaints were made about Barclays than any other banking brand by UK customers in the first half of the year, figures have shown.The bank received 251,563 complaints, with 53% of closed cases upheld in customers’ favour, the Financial Services Authority (FSA) figures show. Barclays said it had cut complaints by 14% compared with a year [...] Household budgets could be squeezed for the next 10 years as the impact of tax rises and cuts is felt, the Institute for Fiscal Studies (IFS) has warned.Its survey suggests families have seen the biggest fall in living standards in 30 years in the last financial year. It warned those on lowest incomes were likely to [...] The number of mortgage borrowers in negative equity – where their loan is bigger than the value of their house – is 827,000, lenders have calculated.The Council of Mortgage Lenders (CML) said the figures, for the first quarter of 2011, suggest the problem is not as great as in the early 1990s. Then, an estimated 1.6 [...] The top rate of tax could be replaced with a mansion tax or a levy on the richest in society if it is scrapped, according to a senior Liberal Democrat Cabinet minister.The remarks from Vince Cable, the Business, Innovation and Skills secretary, will upset the Tory right which is putting increasing pressure on the Coalition [...] The governor of the Bank of England has said that fears of home repossessions are overdone as UK interest rates are set to remain low. UK Homeowners added £5.8 billion into their properties in the first quarter of 2011- marking three years in which they have injected equity, according to the Bank of England.The Bank’s economists think that while some people may be trying to cut debt, the shift to equity injections more likely reflects falling house sales. Households have now [...] The consumer group Which? has accused banks and building societies of raising interest rates on homeowners who have standard variable rate mortgages. More than 40% of mortgage borrowers are now on standard variable rates- which generally start after cheap introductory mortgage deals [...] A scheme aimed at preventing people losing their homes in England proved to be below target but above budget new research finds. The National Audit Office [...] Mortgage lending by the UK’s main banks is still very subdued claims the British Bankers’ Association (BBA). However, this was still 10% fewer than in March 2010 and suggests that activity in the coming months will remain [...] Registered Office in England, 24 Charlton Drive, GL53 8ES, UK- 3506015 • Data Protection Registration Number- PZ5407728
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