A new report from PricewaterhouseCoopers (PwC) predicts that house prices in the UK will likely remain in the doldrums for an extended period of time. The report forecasts just a 12 percent chance that house prices wil return to pre-crisis levels by 2015 and barely over a 50 percent chance that they will return to [...]
Members of a British Airways pension scheme are are scheduled to meet Monday to discuss trustees’ changes to their pension payments. The group of retired pilots, engineers and staff are protesting the plan which would link their pensions payments to a lower measure of inflation. If the plan is adopted, it could reduce their pension [...]
A new survey has found that 28 percent of small businesses that applied four loans were turned down outright last year, against only 4 percent reporting a flat rejection form lenders in 2007, before the financial crisis began. The research also showed that fewer banks were approving overdrafts by smaller businesses, with 72 percent approved [...]
