Many over 55s have a substantial amount of debt. Figures show that large amounts of people approaching retirement are falling to save anything to help support them when they finally do leave work. Reports paint a picture of a divided Britain with a growing gap between the ‘super’ rich and the very poor. More than [...]

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The Council of Mortgage Lenders (CML), which represents lenders who offer around 94% of all residential mortgage lending in the UK, has today reported UK mortgage lending grew in August. According to the Council, lending was 6% higher in August on a monthly basis, attributed to seasonal factors. The figures come after July saw a [...]

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Here’s a little good news in a dour financial market: Americans are doing better and better at making their car payments on time. A new survey from credit reporting agency TransUnion says that the percentage of borrowers who were 60 days late or more on their auto loans fell during the second quarter of this [...]

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A few months have passed since I last offered an update on the state of the housing market. Since then, there have been a number of developments which suggest that 2011 could witness double-digit declines in housing prices, and that the long-awaited double-dip will finally materialize. In an analysis of the housing market, it’s difficult [...]

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For those of you GLG News readers who are fascinated by the new breed of reality show that carries with it a good chance to watch a real disaster unfold in slow motion before your eyes, let me be the first to recommend you start paying attention to today’s announcement about a massive new development on [...]

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