Money Stand

Home repossession has skyrocketed throughout 2008, the Bank of England has disclosed that more than 500,000 homeowners are now in negative equity however other sources have said the figure could be breaking 1 million. It is expected that 45,000 homes will been repossessed by the end of the year.This figure equates to 123 repossessions per [...]

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On December 1st the government decided to help consumer spending by cutting the rate of standard VAT from 17.5% to 15%, this is the lowest allowed rate of VAT permitted by the European Union and will remain at this low until the midnight 31st December 2009. What is VAT VAT (Value Added Tax) is a [...]

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