Weekly news roundup – 8th October 2010

2 min Read Published: 08 Oct 2010
healingdream / FreeDigitalPhotos.net
healingdream / FreeDigitalPhotos.net

 The weekly roundup of the headlines most affecting your personal finances. Click on a headline to read the full story.

Gold jumps to record high on fresh economic concerns

Gold climbed to a record high in London and New York, stimulated by Japan's decision to cut its key interest rate and escalate its asset purchase programme.

Warren Buffett: I can't imagine anyone having bonds in their portfolio

The legendary investor has warned on the dangers of chasing the bond rally and launched a fresh attack on the casino culture on Wall Street.

IMF worries over financial system

The International Monetary Fund says the global financial system remains the weak link in the economic recovery.

Banks call halt to current account interest

Majority of accounts no longer receiving interest payments, making the fixed-bond market more attractive for savers.

IMF warns UK house prices could fall again

International Monetary Fund researchers say the house price correction could last eight years in total.

UK house prices fall by record 3.6pc in a month

The UK housing market suffers biggest monthly drop since records began, according to Halifax.

UK interest rates on hold at 0.5%

The Bank of England holds UK interest rates at 0.5% and does not expand the quantitative easing programme.

Bubble fears as emerging markets soar

Fund managers are piling into emerging economies, driving their currencies and markets to post-crisis peaks. But how long can the party last?

Energy bills 'may double over next decade'

Consumer groups say Ofgem's cost to households of upgrading the UK's energy network – £6 a year – is the 'tip of the iceberg' Householders face a massive price hike.

Pension funds overcharging

Fees accounting for large sums, BBC Panorama finds.

Child benefit to be axed for those earning over £44,000 a year 

UK banks may need fresh bailout, thinktank warns

Britain’s banks may need a fresh state bailout as their borrowing needs will more than double to £25 billion a month next year, the New Economics Foundation has warned.

Currency exchange firm collapses

Thousands of people in the UK face uncertainty over travel money after a currency exchange firm goes into administration.

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