REVIEW: Highs and lows of 2011 ... Goodbye to all the gloom, we are working to ...

Good news has been scarce this year. Savers, families, pensioners and investors have struggled with volatile stock markets, low interest rates and an enforced austerity.  There have been breakthroughs, such as the climbdown by banks over PPI mis-selling,  but many of our reports have reflected the challenges of these tough times. In the first of a two-part report, STEPHEN WOMACK reviews the highs and the lows of 2011.

Investors hoping for a calmer ride this year have been disappointed. Stock markets have endured 12 more turbulent months, spooked by the tsunami in Japan in March, the debt crisis in the eurozone and fears of a return to global recession. The FTSE 100 index hit a high of more than 6,100 in February, but in late July and early August markets crashed after the unprecedented downgrading of US debt from its hallowed AAA status.

Volatile trading in September and early October saw swings of up to five per cent a day on the Footsie and it dipped below 5,000. This left investors facing a lottery as the buying and selling prices of mutual funds – unit trusts and open-ended investment companies – moved dramatically in the time between them deciding to trade and a deal being completed. The Footsie is down about eight per cent since the start of the year.

This year has seen austerity grip Britain. Financial Mail warned in the first issue of 2011 that families faced a tax battering as the Chancellor’s tough measures took hold. A combination of rising prices, higher taxes – especially VAT, fuel duty and National Insurance – and benefits cuts have left families struggling.

Average household incomes fell this year by almost £1,000 – the worst annual drop since the  Second World War. And the pain will continue, with George Osborne’s Autumn Statement last month confirming austerity measures such as further public sector pay caps that extend to 2016.

Natwest Home Insurance Uk - News


REVIEW: Highs and lows of 2011 ... Goodbye to all the gloom, we are working to ...
REVIEW: Highs and lows of 2011 ... Goodbye to all the gloom, we are working to ...

Repeatedly, banks such as Lloyds, NatWest, Barclays and Santander denied that there were fundamental flaws in the way that the cover was sold. They ignored the evidence of hundreds of thousands of complaints, often forcing thousands of customers to



Finance news round up

Ms Siew said: “Assura Group has, in recent years, been divesting non-core operational businesses to concentrate on its primary care property portfolio, and is a leading investor and developer of healthcare premises throughout the UK.




NatWest Home Insurance: Get 40% of Discounts | Free UK Offers Blog

You dont just one big discount when you sign up with NatWest Home Insurance, you get 2! 20% off just for buying online (use the voucher code ’20OFF’)and another 20% off when you take joint buildings and contents cover. Thats 40% off quality home insurance with some great features!

Top rated home insurance cover that covers all your electrical and entertainment gear, £25 towards any switching costs and no charges for paying by the month.

Get cover you can rely on from one of the big insurers that is there with amazing service and response at NatWest Home Insurance

Natwest Home Insurance Uk - Bookshelf

Home

Home

Returning to Gilead to care for her dying father, Glory Boughton, the daughter of John Ames's closest friend, is joined by her long-absent brother, with whom ...

At Home, A Short History of Private Life

At Home, A Short History of Private Life

From the Hardcover edition.

Home, A Memoir of My Early Years

Home, A Memoir of My Early Years

Featuring over fifty personal photos, many never before seen, this is the personal memoir Julie Andrews' audiences have been waiting for.

Insurance for Dummies

Insurance for Dummies

Explains how to buy and save on every kind of insurance, including life, health, auto and home insurance, and offers tips on how to get the best coverage for ...

The new life insurance investment advisor

The new life insurance investment advisor

"For anyone who needs to understand different types of life insurance, as well as considerations forpurchasing and managing policies, this book should be on ...