House prices "will overtake pre-crisis peak by next year thanks to government"s new help-to-buy scheme"


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House prices 'will overtake pre-crisis peak by next year thanks to government's new help-to-buy scheme'House prices will hit record highs while millions can't afford to buy home 130billion scheme will 'add 1,000 to the price of a property next year' By Becky Barrow PUBLISHED: 20:52 GMT, 31 March 2013 | UPDATED: 07:38 GMT, 1 April 2013 The cost of the average home will jump by nearly 50,000 over the next five years, partly fuelled by the Government’s mortgage lending scheme, a report reveals today. The Centre for Economics and Business Research said house prices will pass their pre-recession peak next year and will go on to hit record highs at a time when millions cannot afford to buy their own home. The economic consultancy predicts the 130billion lending scheme, unveiled in last month’s Budget, will add more than 1,000 to the price of a property next year.

Gold-plated public sector pensions set to cost every family 1,500


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Gold-plated public sector pensions 'set to cost every family 1,500'Last year the net cost of paying the pensions of retired State workers was 8billionThat figure is set to more than double in 2017/18 according to a Treasury watchdog , the net cost of paying the pensions of retired State workers was 8billion. But this figure is set to rocket to 16.2billion in 2017/18, according to the forecast by the Office for Budget Responsibility, the Treasury’s independent watchdog.

Budget 2013: Backlash grows over plan to penalise mothers who don"t work


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An insult to stay at home mothers: Backlash grows over Budget plan to penalise mothers who don't workCritics described plan as a 'slap in the face' for stay at home mothersA Government briefing was inadvertently published yesterdayThe document, designed to help press officers rebuff criticism, was removed By Jason Groves and Becky Barrow PUBLISHED: 23:12 GMT, 19 March 2013 | UPDATED: 08:57 GMT, 20 March 2013 Mothers who stay at home to look after their children do not need as much financial help as those who work, according to the Treasury.

Bank of England to warn living costs "will keep soaring for two years"


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Bank of England to warn living costs 'will keep soaring for two years' rounded off the worst four years for Britain’s economy, outside the aftermath of war, since the 1830s – leaving the UK on the brink of triple-dip recession. ‘The UK is set for a slow but sustained recovery,’ the Bank said last week. Sir Mervyn has said the economy will ‘zig-zag’ in and out of growth for some time, a warning he may repeat on Wednesday.

Minister Norman Lamb pleads with Treasury to "get on with" elderly care reform amid calls to cut fuel bill help for 80% of pensioners


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Minister pleads with Treasury to 'get on with' elderly care reform amid calls to cut fuel bill help for 80% of pensioners Care minister Norman Lamb tells MailOnline the issue of how to fund care for ageing population must be removed from the 'long grass Think tank report by ex-minister Paul Burstow calls for 10million pensioners to lose winter fuel allowance to pay for cap on care bills But campaigners say it would penalise those who saved for their old age there were 2.06million people claiming Pension Credit.

Obama scolds Congress for waiting until deadline to avert fiscal cliff… says he"s "modestly optimistic" a deal will be reached


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'The hour for immediate action is here:' Obama scolds Congress for waiting until deadline to avert fiscal cliff … says he's 'modestly optimistic' a deal will be reachedPresident Barack Obama met with congressional leaders and Treasury Secretary Tim Geithner in search of a compromise to avoid across-the-board tax increases and deep spending cutsMeeting adjourned without a compromise The looming fiscal cliff would likely be triggered on Monday if a budget deal cannot be agreed upon American families could see roughly $4,603 less in their paycheck annually if the U.S. falls off the fiscal cliff | UPDATED: 01:25 GMT, 29 December 2012 President Obama said Friday that if the top two leaders of the Senate can't agree on a budget deal to avert the fiscal cliff of higher taxes and severe spending cuts, then he will send his own proposal to Congress for an up-or-down vote

Pay-as-you-drive Britain: Ministers set to approve plans to introduce tolls on motorways and A roads


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Pay-as-you-drive Britain: Ministers set to approve plans to introduce tolls on motorways and A roads | UPDATED: 13:04 GMT, 22 December 2012 Radical plans to privatise the nation’s motorways and A-roads to create new pay-as-you drive toll roads are set to be given the green light by ministers, MailOnline can reveal. The aim is to pump new private-sector money into the nation’s crumbling road network in a bid to ease the growing gridlock log-jam at a time when cash is tight and raising taxes is politically unacceptable

Early to bed for a week for you, Mr Balls


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Early to bed for a week for you, Mr Balls | UPDATED: 23:41 GMT, 11 December 2012 Labour's Ed Balls again did his boiling-milk impression. He is not having a happy time. Last week he had a stinkeroo of an Autumn Statement

Starbucks accused of treating tax obligations "like church collection plate" as backlash over tax deal intensifies


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Starbucks 'treats tax like a church collection plate': Treasury chief secretary attacks coffee chain Danny Alexander, Chief Secretary to the Treasury, said today paying tax ‘is not a voluntary choice’ Anger that coffee giant been allowed to cut a deal and pay a 'voluntary' 10million a year Anti-tax demonstrators protested outside more than 50 Starbucks coffee shops across the country this weekend | UPDATED: 23:56 GMT, 9 December 2012 Enlarge Tough talk: Danny Alexander, Chief Secretary to the Treasury, said on The Andrew Marr show that the Government would clamp down on companies that dodge tax Starbucks was accused of treating its tax obligations ‘like the church collection plate’ yesterday as the backlash against the coffee giant intensified. A Cabinet minister weighed into the row over the chain’s surprise deal with the taxman to pay a ‘voluntary’ 10million a year in tax. The agreement, revealed last week, followed weeks of damaging publicity about the American-owned company following revelations it had not paid any corporation tax in Britain for three years.

Every little helps: Dead Brits leave George Osborne 54,000 in their wills to pay off national debt (only 999,999,946,000 to go)


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Every little helps: Dead Brits leave George Osborne 54,000 in their wills to pay off national debt (only 999,999,946,000 to go) Chancellor forced to admit in his Autumn Statement that he will not meet his target to get debt under control by 2015New figures show that in first year of the coalition generous members of the public bequeathed 54,634.46 to pay down debtTreasury insists it appreciates the help but only covers 0.0000054% of debt | UPDATED: 16:37 GMT, 7 December 2012 Chancellor George Osborne was forced to admit he will miss his target for getting debt under control by 2015, but some generous people are doing their bit by leaving money in their will for the public finances Dead Britons have left George Osborne 54,000 to help pay off the ballooning national debt from beyond the grave.