Falling demand for UK factory made products has left manufacturing confidence at its lowest level since 1980, according to a new survey.
Research by the Confederation of British Industry (CBI) revealed that 46% of manufacturers had experienced a drop in orders with 60% of manufacturers surveyed admitting that they were less optimistic about general business conditions that they were three months ago – the biggest single quarter drop since 1980.
One in three homeowners could still be paying their mortgage when they retire, a new survey today has shown.
Highlighting the depth of mortgage debt in the UK, the survey by Impartial.co.uk reveals that 1.4m homeowners over the age of 55 still have 10 years or more to run on their current mortgage, with the average amount owed by the so-called “baby boomers†totalling a whopping £55,046 on average and could be facing monthly repayment of more than £700.
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