Repossessions drop to lowest level in 5 years

The number of repossessions has fallen to its lowest level since 2007 – despite the continued weakness of the economy. A total of 8,200 properties were seized in the third quarter of this year, down from 8,500 over the summer and the lowest seen in a single quarter since 2007, the Council of Mortgage Lenders…


Manufacturing industry figures disappointing

Manufacturing figures in relation to output rose just 0.1% in September against hope of a 0.3% increase, in a disappointing performance after a 1.2% decline in August, according to data published by the ONS. David Kern, chief economist at the British Chambers of Commerce, said: “The manufacturing figures are disappointing and slightly worse than expected. The wider industrial…