Key Quotes - Money

Key Quotes - Money

A world perspective in bite-size chunks
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Last update: Monday 23rd November
 
A report calculates that a single person in Britain needs to earn at least £13,900 a year gross to afford a basic but acceptable standard of living. A couple with two children need to earn £27,600. The cost of a minimum household budget has risen by about 5% for most families.
MoneyEvangelicals Now- August 2009
 
The Royal Bank Of Scotland has promised to consider proposals for a low-interest credit card for poor people, after a meeting with Jewish, Christian and Muslim leaders in Europe. The leaders from London Citizens, a community organisation of more than 130 civic and religious groups, want an end to high lending rates which, they say, cripple poor people and bind them into un-payable debts.
MoneySalvationist- August 2009
 
The current global economic crisis shows that capitalism without ethical grounding does not work according to the Vatican. Christians should keep this in mind whether they are business people, policymakers or simply consumers, a top Vatican economist has said. Thomas Han Hong-soon of the Vatican Prefecture for Economic Affairs said that “the root of this crisis is a moral deficit” and that when it comes to business, Christians have not always followed the principles of charity and justice found in the Gospel.
MoneyThe Universe- August 2009
 
The Bank Of England has warned the banking sector could hamper recovery from the recession as it pumped an extra £50 billion into the flagging economy. The surprise move – taking efforts to boost the money supply to £175 billion – appeared to pour cold water on hopes of a quick recovery from the recession. The Monetary Policy Committee (MPC), which left interest rates at a 0.5% record low, saw some hopeful signs but flagged up lower lending levels – with banks making more profits on the loans they are receiving.
MoneyThe Sentinel- 7 August 2009
 
A plasterer fears he could lose his home unless the tax office pays back £2,000 it owes him. Struggling Nigel Hampton says he can not afford to tax and MOT his work van without a tax rebate he has been due for two months. HM Revenue and Customs (HMRC), of which the former Inland Revenue is party told him the £2,108 payment could take another two months to process because of a backlog in the system.
MoneyThe Sentinel- 11 August 2009
 
The scale of the devastation wreaked on the high streets by the recession was revealed today as a report suggested the number of empty shops has doubled in some areas. Vacancies have stroke England and Wales with varying degrees of ferocity as northern regions were hit much harder than elsewhere according to researcher Local Data Company (LDC). The report indicated that the recession had hit independent stores hardest.
MoneyThe Sentinel- 31 July 2009
 
The Prince of Wales cost the taxpayer almost 25 per cent more last year, his accounts have revealed. Money from Parliament’s grants-in-aid and Government departments increased his costs by more than £500,000 from £2.45 million to £3 million. Two long-haul foreign tours, which came to more than £1 million in total, were mostly responsible. Taxpayers pay for his official air and rail travel, residences and communication.
MoneyThe Sentinel- 24 June 2009
 
The Queen looks set to ask the Government for a significant increase in her Civil List as annual accounts revealed yesterday that her reserve funds will run out by her Diamond Jubilee in 2012. During the last financial year, the cost of keeping the monarchy increased by £1.5 million to £41.5 million. The Civil List pays for the running of the Royal household.
MoneyThe Sentinel- 30 June 2009
 
The economic downturn is making Britons mean, with people ignoring friends’ birthdays and refusing to buy rounds in the pub, a survey has claimed. A third said they no longer bought rounds of drinks and one in four had given up buying presents. Others admitted they shunned leavers’ collections at work and no longer sent flowers to say thank you, in the poll of 5,010 people carried out by Moneysupermarket Vouchers during April.
MoneyThe Sentinel- 19 June 2009
 
An amnesty for long-term illegal immigrants could be worth up to £3 billion for the UK’s economy, a report said yesterday. A study by the London School of Economics estimated there are 618,000 illegal immigrants living in the UK, with 71% living in London. A five-year residency plan might see 67% eligible to stay. Only 111,265 have been deported in 10 years since 1998, costing the UK £11,000 a person.
MoneyThe Sentinel- 16 June 2009
 
Thousands of would-be Indian investors were taken in by a man claiming to have divine powers that could magically triple their investments within a fortnight. Ashok Jadeja from Gujarat is now on the run with a fortune reported to run into millions. The homeopathic doctor fooled his victims by invoking a local deity, claiming she had the power to triple money.
MoneyThe Sentinel- 19 May 2009
 
One of Ireland’s top bankers was pelted with eggs as hundreds of angry shareholders voted to pump billions of taxpayers’ money into the institution. Dermot Gleeson, chairman of Allied Irish Bank, ducked to avoid the missiles just moments after addressing a meeting in Dublin. Pensioner Gary Keogh threw two eggs at Mr Gleeson.
MoneyThe Sentinel– 14 May 2009
 
The recession has caused three quarters of UK adults to rethink their core values and reconsider the meaning of life, but hardly any have turned to the church, according to Christian Research. In a survey of more than 2,000 adults, 70 per cent said they were searching for meaning because of the credit crunch, or worries about personal finances or job security, but just three per cent had said they had considered going to church.
MoneyChristianity- May 2009
 
Benefit overpayments are continuing to rise, with the outstanding debt owed to the Department of Work and Pensions (DWP) hitting a record £1.8 billion, the Whitehall spening watchdog said. The National Audit Office said although the DWP managed to recover £272 million in 2007-08, it was outstripped by the £558 million made in overpayments.
MoneyThe Sentinel – 1 May 2009
 
Fast food and pub workers are having their pay cut as new legislation on holidays squeezes employers’ profits, according to a new report today. The rising of statutory holidays to 28 days a year from last month, had “heavily affected” some firms, it was claimed. Income Data Services said that around two out of five of the biggest fast food and pub employers had decided to offset the impact by cutting pay for bank holidays to standard hourly rates.
MoneyThe Sentinel – 5 May 2009
 
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