Archive for January, 2007
Improvement in US public finances only the “calm before the storm”
In the US Ben Bernanke stepped up the pressure on Congress to address the budgetary impact of soaring spending on entitlement programmes on Thursday, warning that they could one day cause a “fiscal crisis†in the US.
The Federal Reserve chairman told the Senate budget committee that the recent improvement in US [...]
Debt Awareness Week
IVA.co.uk is to hold the UKs first Debt Awareness Week from 29 Jan – 2 Feb 2007.
- Consumer groups, MPs and debt consultancies alike are backing the initiative.
- Events are planned throughout the week and will be announced periodically throughout January.
- The key event will be The Great Debt Debate on [...]
Income Multiples rise say lenders
New mortgage figures show that the amounts first-time buyers are borrowing as a proportion of their salaries has hit a record.
The average first-time buyer “income multiple†now stands at 3.29 times household earnings, said the Council of Mortgage Lenders. A year earlier the ratio stood at 3.08 while in early 2002 [...]
