Compare Money Transfer News - August 2011
PricedOut: Latest generation face tough housing future
(August 31, 2011)Many people may look to uproot their lives and make an overseas money transfer as a generation of Brits could be locked out of the housing market, according to PricedOut.org.uk.
Katy John, press officer for the group that campaigns for affordable houses, has said that potential first-time buyers are stuck between a rock and hard place, [...]
Documentary maker: Micro-financing works
(August 30, 2011)Philanthropists looking to help out small businesses in the developing world may start making international money transfers as documentary maker Stacey Dooley champions the micro-financing schemes.
Relatively small loans made to help individuals start their own businesses can have a huge impact, the well-known documentary maker explained.
Two international organisations, Care International and the Co-operative, have joined [...]
TV presenter: Dublin festival to be big tourist draw
(August 26, 2011)Thousands of tourists will soon be making international money transfers as they flock to Ireland to attend the Dublin festival, according to presenter Mariella Frostrup.
Dublin festival is hopes to be the biggest ever exhibition of contemporary arts in its history and will attract significant international attention, says the broadcaster.
"Ireland has always been synonymous with the [...]
UK companies buck insolvency trend
(August 26, 2011)Large companies in the UK are bucking the national trend with insolvencies dropping in July 2011, according to the Insolvency Index by Experian.
It was reported that 13 per cent fewer large firms failed during July 2011 when compared to July 2010, potentially encouraging international investors to make an overseas money transfer into the UK economy.
While [...]
Net migration into the UK climbs 20%
(August 25, 2011)The UK is set to become an even more diverse society as net migration into the country is up by 20 per cent compared to last year, according to the Office for National Statistics (ONS).
Net migration saw an increase of 240,000 in 2010, potentially creating a boom in people sending money home.
The new figure, up [...]
Guardian Business podcast: Debt crises causing investor panic
(August 24, 2011)Global instability is seeing a "panic" in the markets as an economic slowdown creeps across the US and eurozone, according to Larry Elliott, the Guardian's economics editor.
Looking at the erratic international money transfers made by businesses looking for money safe havens, the expert said that the problems in the US concerning its debt ceiling and [...]
Survey: Younger generations travelling more
(August 23, 2011)Young people are increasingly making international money transfers as they travel overseas by as much as three times more than the Baby Boomer generation, according to research conducted by the Post Office Travel Insurance group.
Those aged between 18 and 24 years old (Generation Y) are far more likely to have travelled abroad than their parents' [...]
SingleWithKids: Carefully budget holidays
(August 19, 2011)Families looking to go abroad need to exercise financial caution in their choice of holidays, according to SingleWithKids.co.uk.
Single parents were advised to set out a budget before making foreign money transfers and heading out for their overseas excursion.
Chrissie Lewandowski, a partner with the group, explained that many families were under the mistaken impression that they [...]
BuyAssociation: Investors compete for Spanish property
(August 19, 2011)Property hunters may look to make overseas money transfers to scoop up homes in Spain, according to BuyAssociation.
Paul Collins, editor for the group, claimed that interest in Spanish property has increased and that competition is heating up.
"Competition for buyers continues to increase, so it is likely there will be more incentives to tempt purchasers through [...]
ONS: Tourism spending up
(August 19, 2011)Travellers may have been making an increased amount of foreign money transfers as jetsetters increasingly hop between countries, according to data provided by the Office for National Statistics (ONS).
In the period between April and June, compared to the previous three months, visits to the UK by overseas residents increased by six per cent to 7.9 [...]