singular_me
21st May 2014, 05:31 AM
I read a short while ago that UK national debt is about 900% of GDP... do the math?
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More than half a million face having their homes repossessed
Wednesday 21 May 2014
‘More than half a million Britons are facing eviction from the homes they own or rent, according to a new analysis of possession claims served on households by the courts during the past year.
The scale of the crisis equates to more than 4,000 households being at risk of losing their home each week, Shelter warned today, while more than 215,000 possession claims have been served on people since April last year.
In some parts of the country the situation is so bad that one in 34 households is in danger of being repossessed, according to the charity’s analysis of county court records from England between April 2013 and March 2014.’
Responding to the news, Housing Minister Kris Hopkins said: “Official Government statistics show repossession claims are falling and in the last quarter were at their lowest for a decade. This has only been achieved because of this Government’s long-term economic plan, which is fixing the broken housing market and tackling the record deficit we inherited.”
He added: “We have kept interest rates low, home ownership is now at its most affordable rate since 2007 and mortgage approvals are at a six-year high. However, anyone facing the prospect of losing their home should seek advice and speak to their lender early so they have as many options as possible.”
The situation is likely to worsen, with more than two million homeowners set to struggle to make repayments on their mortgages if interest rates rise, according to a new report published on Monday by the Resolution Foundation.
http://www.independent.co.uk/news/uk/politics/eviction-britain-more-than-half-a-million-face-having-their-homes-repossessed-9405473.html
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20 May 2014
‘As many as four in five older workers could miss out on the full flat-rate state pension of £155 a week when it is introduced in 2016.
And millions face losing thousands of pounds in inflation-linked increases on company pensions.
The devastating blows, which throw into chaos the plans of those within two years of retirement, have been revealed in a Money Mail investigation into the small print of the new flat-rate pension.
A major pledge of the new pension was that everyone who had paid all their National Insurance contributions would be guaranteed to get £155 a week.
But we have uncovered a series of nasty surprises that are highly complex and technical. And they are likely to mean that many who expected to get the new £155 payout could get far less — and, disturbingly, not even the Government has calculated how much less.’
http://www.dailymail.co.uk/money/pensions/article-2634215/Why-millions-WONT-155-new-state-pension-theyre-expecting.html
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More than half a million face having their homes repossessed
Wednesday 21 May 2014
‘More than half a million Britons are facing eviction from the homes they own or rent, according to a new analysis of possession claims served on households by the courts during the past year.
The scale of the crisis equates to more than 4,000 households being at risk of losing their home each week, Shelter warned today, while more than 215,000 possession claims have been served on people since April last year.
In some parts of the country the situation is so bad that one in 34 households is in danger of being repossessed, according to the charity’s analysis of county court records from England between April 2013 and March 2014.’
Responding to the news, Housing Minister Kris Hopkins said: “Official Government statistics show repossession claims are falling and in the last quarter were at their lowest for a decade. This has only been achieved because of this Government’s long-term economic plan, which is fixing the broken housing market and tackling the record deficit we inherited.”
He added: “We have kept interest rates low, home ownership is now at its most affordable rate since 2007 and mortgage approvals are at a six-year high. However, anyone facing the prospect of losing their home should seek advice and speak to their lender early so they have as many options as possible.”
The situation is likely to worsen, with more than two million homeowners set to struggle to make repayments on their mortgages if interest rates rise, according to a new report published on Monday by the Resolution Foundation.
http://www.independent.co.uk/news/uk/politics/eviction-britain-more-than-half-a-million-face-having-their-homes-repossessed-9405473.html
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20 May 2014
‘As many as four in five older workers could miss out on the full flat-rate state pension of £155 a week when it is introduced in 2016.
And millions face losing thousands of pounds in inflation-linked increases on company pensions.
The devastating blows, which throw into chaos the plans of those within two years of retirement, have been revealed in a Money Mail investigation into the small print of the new flat-rate pension.
A major pledge of the new pension was that everyone who had paid all their National Insurance contributions would be guaranteed to get £155 a week.
But we have uncovered a series of nasty surprises that are highly complex and technical. And they are likely to mean that many who expected to get the new £155 payout could get far less — and, disturbingly, not even the Government has calculated how much less.’
http://www.dailymail.co.uk/money/pensions/article-2634215/Why-millions-WONT-155-new-state-pension-theyre-expecting.html