News & Events | WDM - Part 205

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Fresh warnings of UK housing bubble July 17, 2014

Governor of the Bank of England (BoE), Mark Carney, has restated concerns that a continued increase in house prices will put the UK at risk of a housing bubble. Official figures show that house prices have increased by 10.5% in the year to May. This figure and high levels of mortgage debt were the major
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Energy price complaints reach all-time high July 17, 2014

Independent ombudsmen have reported a massive increase in the number of people making complaints about energy bills this year. In the first six months of 2014, the number of official complaints was greater than the whole of the previous year, reaching 22,671. Figures for 2013 showed the number of official complaints was 17,960 in total.
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Survey shows employers’ call for focus on key skills in education July 10, 2014

A survey of 291 companies undertaken by the Confederation of British Industry (CBI) has shown a call for the education system to better prepare young people for the world of work. The CBI/Pearson Education and Skills survey asked the companies – who collectively employ nearly 1.5 million people – their concerns and interests in the
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Payday lender complaints double July 10, 2014

According to a recent document published by the Financial Ombudsman, complaints about payday loans have more than doubled in the past two years. The number of such complaints increased from 296 in 2012 to 794 in April 2014, although it is also suspected that many more people would have made complaints but felt powerless to
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Think tank says fall in wages could be worse than reported July 10, 2014

According to the Resolution Foundation, official figures on the fall in real earnings of households may have been underestimated. Data published by the Office for National Statistics (ONS) was analysed by the think tank, which says the ONS report may have overstated real-term household incomes by up to 20%, meaning a much steeper decline. Critical
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