Weekly news roundup – 17th December 2010

3 min Read Published: 17 Dec 2010

 We’ve trawled the news for you and highlighted the headlines that could affect your finances, so you don’t have to. Click on a headline to be taken to the full story.

Fears as loan sharks offer festive finance

This Christmas more than 250,000 people may borrow from loan sharks, according to new research.

Bank warns of 1994-style crisis for bonds

Sovereign debt concerns and inflation risks could destabilise bond markets in a similar manner to 1994 the Bank has warned in its latest financial stability report.

UK inflation rate rises to 3.3%

The UK Consumer Prices Index (CPI) annual inflation rate rose to 3.3% in November, up from 3.2% in October, official figures show.

Treasury's economic 'Plan B'

It has emerged that the government's most senior official has prepared a policy paper outlining alternatives in the event of a sharp economic downturn.

UK jobless rise sparks fear for labour market

The jobless figure increased by 35,000 in the three months to October as the private sector failed to create enough jobs to offset those starting to be lost in the public sector.

Low interest rates failing to rescue British households from £1.45 trillion debts, says Bank of England

Low interest rates are not fixing Britain's £1.45 trillion of household debt, a damning survey for the Bank of England has found.

Half of households 'struggling with debts'

Bank of England survey on household debt says a quarter of households have seen their monthly earnings fall by more than £100, with only 14% reporting a rise.

VCTs and PETs under threat from simplification shortlist

VCTs, PETs and taper relief have all made it onto the Treasury's tax simplification shortlist.

Housing market slowdown blamed on spending cuts and lack of buyers

UK residential property sales and prices continue to slide for sixth consecutive month, but some estate agents are optimistic.

VAT rise 'to hide price growth'

Many retailers are planning to use next month's rise in VAT to "mask" more extensive price increases, a survey by KPMG claims.

Home owners face repossession amid struggle to sell properties

Home owners are falling behind with their monthly mortgage payments at an alarming rate, charities warn, as estate agents reveal the struggle to sell properties.

BA raises fuel surcharge by £10

British Airways says it will increase its fuel surcharge on long-haul flights by £10 to between £63 and £108.

Food and clothing price rises lift inflation

Consumer prices rose at their fastest pace for almost fifteen years last month, driven higher by the rising cost of food and clothing.

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