‘General’ News
Carphone Warehouse ‘aiming to sell 1m laptops’
Posted 2008-08-14
Communications firm Carphone Warehouse has set an ambitious target of selling one million laptops a year as it battles the effects of the credit crunch. The company is pumping £3 million into training staff to offload the...
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Shoppers Pay for Last Minute Christmas Shopping
Posted 2007-12-14
For the last five years, have you found yourself vying for a parking space or fighting over the last green iPod on the day before Christmas? If so, you aren’t the only one. According to a study released by the...
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Long Lines at the ATM?
Posted 2007-12-13
Did you see the long line at the ATM yesterday? Besides the typical Christmas spending, which APACS predicted would approximate £53 billion this year (a rise of 4% over 2006), there is another reason for the influx at the bank....
Abbey Studies Health of Britons’ Personal Finances
Posted 2007-12-11
If an unbiased person were to rate your personal finance habits, how do you think you would score? If you’re like the majority of Britons, your finances aren’t all that healthy. Abbey has recently released findings from their survey, which...
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Will The Bank of England Cut Interest Rates?
Posted 2007-12-6
In what Global Insight’s Howard Archer considers “one of the tightest calls ever,” speculations abound as to whether or not the Bank of England will decide to cut interest rates today during the Monetary Policy Committee’s monthly meeting. Those who claim the Bank of England will cut rates point towards the credit crisis as their main reasoning. The chain of effects resulting from the sub-prime mortgage collapse, with banks increasing their lending rates and consumers suffering, has prompted the Bank of England to hold rates steady since July 2007 after increasing it five times since August 2006. These analysts claim that the Bank of England will cut rates to 5.5%, from its current 5.75%. Explaining the debate the Monetary Policy Committee must have, Reuters states that the committee must balance a “sharp economic slowdown against rising price pressures”. ...
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Sub-Prime Mortgage Collapse Affects Financial World
Posted 2007-11-20
The results of the current credit crisis continue to unveil. The problem began with the huge number of Americans unable to pay their escalating mortgages. The US sub-prime mortgage sector subsequently fell out, and when it emerged that many major...
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Welcome to 1 Hour Cash
Posted 2007-11-1
If you can dedicate just one hour a week to reading our blog, we believe you will be firmly on the road to financial freedom. Its all about understanding UK finances, restructuring your debts and investments and reaching financial freedom. Enjoy! ...