www.inthenews.co.uk | http://www.inthenews.co.uk The latest news from www.inthenews.co.uk en-gb Mon, 12 May 2008 16:04:40 GMT Copyright: (C) www.inthenews.co.uk, http://www.inthenews.co.uk http://www.inthenews.co.uk Rise of the £1 million property The sale of properties valued at more than £1 million in the UK is continuing to flourish despite the credit crunch, Halifax claims. http://www.inthenews.co.uk/News/news/property/rise-1-million-property-$1222211.htm House prices 'dip slightly' in April The average house price in England and Wales fell by 0.2 per cent in April, the Financial Times has claimed. http://www.inthenews.co.uk/News/news/property/house-prices-dip-slightly-in-april-$1222135.htm Dramatic increase in UK repossessions The number of mortgage possession claims in Britain has soared, the government has revealed. http://www.inthenews.co.uk/News/news/property/dramatic-increase-in-uk-repossessions-$1222082.htm Interest rate freeze from Bank of England Interest rates are to be held at five per cent, the Bank of England has announced. http://www.inthenews.co.uk/News/news/finance/interest-rate-freeze-from-bank-england-$1221927.htm Mandelson describes 10p tax policy as "very big mistake" Peter Mandelson has described the scrapping of the 10p tax rate as a "very big mistake". http://www.inthenews.co.uk/News/news/politics/mandelson-describes-10p-tax-policy-as-very-big-mistake-$1221920.htm Food price inflation hits 4.7 per cent in April Food prices are still rising and increased 4.7 per cent in April, driven by high wholesale costs. http://www.inthenews.co.uk/News/autocodes/countries/ukraine/food-price-inflation-hits-47-per-cent-in-april-$1221770.htm Consumer sentiment plumbs new depths UK consumers are feeling at their most downbeat since May 2004, a survey claimed on Wednesday. http://www.inthenews.co.uk/News/news/finance/consumer-sentiment-plumbs-new-depths-$1221700.htm Lloyds TSB seen surviving credit crunch High street bank Lloyds TSB has announced substantially smaller damage from the credit crunch than its rivals, suffering a £387 million writedown. http://www.inthenews.co.uk/News/news/finance/lloyds-tsb-seen-surviving-credit-crunch-$1221563.htm Credit crunch could get worse, Bank of England warns The Bank of England (BoE) has warned the reluctance of banks to take on risk by refusing to extend credit could fuel the credit crisis. http://www.inthenews.co.uk/News/news/finance/credit-crunch-could-get-worse-bank-england-warns-$1221026.htm World economy has 30% risk of stalling The world economy has a 30 per cent chance of slowing sharply in the next two years, according to a report. http://www.inthenews.co.uk/News/autocodes/countries/india/world-economy-has-30-risk-stalling-$1220992.htm Federal Reserve cuts interest rates to two per cent The US Federal Reserve has today announced a quarter-point cut in interest rates. http://www.inthenews.co.uk/News/news/international-affairs/federal-reserve-cuts-interest-rates-two-per-cent-$1220978.htm 33 per cent house price fall warning issued A member of the Bank of England's monetary policy committee has warned house prices in the UK could be set to fall by a third. http://www.inthenews.co.uk/News/autocodes/countries/united-states-america/33-per-cent-house-price-fall-warning-issued-$1220858.htm Consumer confidence at 16-year low The outlook of UK consumers fell to its gloomiest since November 1992 in April, research has shown. http://www.inthenews.co.uk/News/news/finance/consumer-confidence-at-16-year-low-$1220802.htm Stocks fall as US awaits Fed Reserve interest rate decision The US Federal Reserve has begun a two-day meeting that is expected to result in a quarter-point cut in interest rates. http://www.inthenews.co.uk/News/news/international-affairs/stocks-fall-as-us-awaits-fed-reserve-interest-rate-decision-$1220795.htm Bank puts mortgage approvals at 15-year low The Bank of England has admitted that UK mortgage lending has fallen to a 15-year low. http://www.inthenews.co.uk/News/news/property/bank-puts-mortgage-approvals-at-15-year-low-$1220690.htm