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Anger over 'no job' Whitehall staff - Ananova
Nearly 3,000 civil servants at HM Revenue and Customs are being paid full salaries despite having no official role, the Tories have said. In total, £132 million a year is being spent on 4,600 "non-jobs" across the whole civil service, according to ...

How 4,000 civil servants are paid an estimated £133m a year despite ... - Daily Mail
Concerns: Francis Maude, Tory Cabinet Office spokesman, said, 'Labour ministers are treating Whitehall like a glorified job creation scheme.' More than 4,000 civil servants are being kept on the Whitehall payroll despite having no work to do, it was ...

Taxpayers foot £132 million bill for civil servants with no job to do - Daily Telegraph
The figures have emerged at the start of a year in which economists suggest one million private sector jobs could be lost. Using a series of Parliamentary Questions, the Conservatives uncovered what they say is an "invisible army of Whitehall civil ...

Bank of England cuts interest rates to lowest ever - This is Southampton
The Bank of England made history today by slashing interest rates to an all-time low of 1.5%. Rate-setters cut borrowing costs from 2% to 1.5% - the lowest since the Bank was founded in 1694 - but disappointed those looking for an even bigger move to ...

American Bank Incorporated - Chicago Tribune
Comic Masters won't be fooled again. Since being victimized by a counterfeit bill about two years ago, employees at the comic store in the Whitehall Mall give bills a good look and swipe them with a special pen before shoving them into the register ...

When people lose their homes, so do their pets - Allentown Morning Call
It's the type of heartbreak that's become too familiar to volunteers at Forgotten Felines and Fidos. A Lehigh Valley woman who had fallen on hard times was evicted from her home and living out of her car. She could no longer afford to keep her cat ...

Chancellor Alistair Darling on brink of second bailout for banks - Times Online
Alistair Darling has been forced to consider a second bailout for banks as the lending drought worsens. The Chancellor will decide within weeks whether to pump billions more into the economy as evidence mounts that the £37 billion part ...

Savers promised £4bn cut in taxes by Tories - This is Money
In a bold return to the Tories' favourite election territory, he proposed scrapping tax on interest from savings of those earning up to £43,000 a year. In addition, he and shadow chancellor George Osborne held out the prospect of a £2,000 rise in ...

Lending drought may force fresh UK bailout - Independent
ALISTAIR DARLING has been forced to consider a second bailout for banks as the lending drought worsens. The chancellor will decide within weeks whether to pump billions more into the economy as evidence mounts that the £37bn (€38.7bn) part ...

Gordon Brown to blitz credit crisis with fresh ideas - Times Online
For Gordon Brown, government activism is now everything. So expect a flood of initiatives over the coming weeks, starting today with a three-day tour of Britain culminating in the third away-day Cabinet meeting on Thursday, this time in Liverpool ...

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Today's Mortgage Terms starting with S

  • Second Mortgage: An additional mortgage that has rights that are secondary to the first mortgage.
  • Seller’s Market: Market conditions that are favorable to sellers. There are more buyers than properties available for sale. The buyers may be forced to compete and pay more for the same property.
  • Settlement Costs: Money paid by the borrowers and sellers to complete the closing of a mortgage.
  • Settlement Cost (HUD Guide): HUD publishes a booklet that gives an overview of the lending process and is given to consumers after completing their loan application.
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