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Archive for October, 2008

Couple pay for honeymoon by picking up litter

Posted by admin On October - 7 - 2008

A couple from a small town in Hampshire paid for their honeymoon flights by collecting and recycling litter. John and Ann Till spent nearly three months collecting thousands of bottles and cans and took them to an automated recycling machine at their local Tesco supermarket.

John and Ann stumbled across the idea when they went to fill up their car at their local Tesco supermarket. For a trail period at the store, automated recycling machines had been installed, which gave users 1 point for every four items they recycled.

Each point the couple made was converted into BA air miles and the couple amassed a massive 36,000 air miles in three months. The air miles were used to fly the couple back business class from their honeymoon in the US.

The couple searched for hours a week and collected bottles and cans off the street and from friends and family. They also maximised their points by cutting cans and bottles in half as they posted up to 600 items at a time.

The couple married in August and travelled around the US on their honeymoon before taking their free business class flights home. The couple added that it was funny to think that litter louts of their town had paid for their flight home.

UK house prices keep on declining

Posted by admin On October - 6 - 2008

UK house prices have dropped a further 1.7% in September, making it the 11th month in a row that house prices have fallen. Nationwide, who released its results last week, stated that house prices were down 12.4% since last year. This means that the average UK home is now worth more than £20,000 less than this time last year.

House prices dropped throughout the UK, with the South of England falling more than the North. The rate in which the house prices have fallen has stabilised over the past couple of months, but Nationwide warned that the next year or so would be difficult.

In England the South was hit harder be declines, with the South West and East Anglia showing an 11.4% fall. Scotland saw a 4.6% drop, and Wales saw the smallest fall of 1.9% from July to September.

Shares slightly up ahead of US rescue plan vote

Posted by admin On October - 1 - 2008

Worldwide shares have risen this morning on the news that a revised plan for the $700 billion US bailout plan will be voted on later today. The US Senate is due to meet and vote on the revised plan, and it is hoped that the changes are enough to get the bill passed.

The bailout plan is similar to the one that was rejected by the US House of Representatives earlier this week, but now includes a new clause that will raise the guarantee on savings from $100,000 to $250,000. For the revised plan to be passed by the Senate, it must be backed by at least 60 out of the 100 senators. Then the plan will be taken back to the House of Representatives at their meeting on Thursday.

UK shares sore a rise on the impending US Senate vote, and were also bolstered by the news that the Bank of England is set to put an additional £17 billion into the financial markets.