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  • 'A nation of savers'? Average UK savings remain miles behind Chinese
    The Bank of England recently reiterated an old adage of the UK being 'a nation of savers'. But how true is that remark? New research investigates.   The proportion of disposable income saved by UK households has been ...
    Fri 3rd Feb, 2012
  • Comment: "All in this together"? Banking bonuses in the UK and Australia
    Plenty of financial concerns have struck the UK and Australia in parallel in recent months, and not all directly as a cause of the global slowdown either.   There’s been the odd banking scandal; there’s been the issue ...
    Thu 2nd Feb, 2012 (2 Comments)
  • Clegg wants faster increase in tax threshold
    Lib Dem leader Nick Clegg’s speech at the Resolution Foundation yesterday spoke of his ambition to see the coalition move harder and faster in raising the tax threshold.   The coalition agreement includes a dedication to ...
    Fri 27th Jan, 2012
  • HSBC hits Project Merlin target for lending to SMEs
    HSBC has confirmed that it met its target for Project Merlin in 2011, and vowed to continue to lend even more to small and medium-sized enterprises throughout 2012.   Project Merlin was designed to commit banks to lend more ...
    Fri 27th Jan, 2012
  • Saving Grace: How much compensation are you entitled to if a bank fails?
    Any ideas? Don't worry if not. You're in the majority. UK savers are protected for up to £85,000 per person per financial institution.   And despite a multi-million-pound television advertising campaign designed to raise ...
    Wed 25th Jan, 2012
  • NS&I slashes rate on its Direct Saver
    The popular NS&I has controversially cut the rate on its Direct Saver account as millions prepare to switch over to it in 2012.   NS&I’s year-to-date net financing total has reached £4.8 billion, well above the £2 ...
    Wed 25th Jan, 2012
  • Women with savings goals, but men plan to save more
    A free tool available to Natwest customers to help them achieve their savings goals has revealed interesting new data about saving priorities based on age, gender and location.   The number of women using the tool to ...
    Wed 25th Jan, 2012
  • UK a nation of savers, says Bank of England Governor
    Bank of England Governor Sir Mervyn King described the UK's pathway to recovery as arduous and uneven, but he has outlined an opportunity for the bank to engage.   UK households as a whole "have been net savers, rather than ...
    Wed 25th Jan, 2012
  • Reminder: Avoid penalties on your tax returns
    Which4U wishes to remind any visitors who have not yet filed their 2010/2011 self-assessment tax returns to HMRC that they only have a week left to do so before incurring a £100 penalty.   Any outstanding self-assessment ...
    Tue 24th Jan, 2012
  • Greece close to averting Eurozone crisis
    Greece has come came close to negotiating a deal that could have major ramifications for the ensuing financial crisis in the Eurozone.   With major debt repayments of €14.5 billion due in March, Greece is currently on the ...
    Mon 23rd Jan, 2012
  • New wave of inflation-linked bonds
    In what may spark another wave of inflation-busting savings products, the Post Office has launched a new issue of its inflation-linked bond for a limited period.   Applications for the bond are open from today (Thursday ...
    Thu 19th Jan, 2012
  • Growth ISAs still the only way to beat inflation
    While many will understandably breathe a sigh of relief at the falling rate of inflation, the majority of savers continue to lose out.   Despite the slide in the cost of living, the low base rate means that savers are still ...
    Wed 18th Jan, 2012
  • Consumers show unremitting loyalty to their banks
    The average UK bank account holder has had their main account for more than 20 years, according to research from Halifax.   One in ten people still use the bank account that they opened as a child, while a third of adults ...
    Wed 18th Jan, 2012
  • Small business confidence plummets
    Small business confidence plunged in 2011 under the weight of low consumer demand and high inflation, notes the ‘Voice of Small Business’ index.   This index, which represents 1,600 responses from businesses across the ...
    Tue 17th Jan, 2012
  • Savers and spenders could gain from falling inflation
    In better news for savers and spenders, intense competition between desperate retailers over the festive period is set to trigger the steepest monthly fall in inflation since 2008.   The Bank of England's Consumer Prices ...
    Mon 16th Jan, 2012
  • ‘Committed young Britons’ saving responsibly for emergencies and home deposits
    Young adults, and particularly young males, are motivated to save strongly and have mature goals, according to new research.   NS&I’s Savings Survey reports that young males (aged 25-34 years) are among Britain’s most ...
    Mon 9th Jan, 2012
  • Virgin Money unveils its savings account rates. How do they compare?
    Earlier this week, Virgin Money completed its takeover of Northern Rock. Today, it released its savings account rates: a 2.85% instant access account and a 2.85% cash ISA.   Both accounts are instant access savings ...
    Fri 6th Jan, 2012 (1 Comment)
  • Make much more of your tax-free ISA allowance
    Banks are under the spotlight again after it was revealed that the majority of cash ISAs offer shambolic rates of interest.   Research has shown that tax-free savings have only benefitted savers to the tune of 0.53% on ...
    Thu 5th Jan, 2012 (2 Comments)
  • New Year’s Resolutions: Savings and Balance Transfers
    More Brits are pledging to sort out their finances as a New Year resolution, as surveys of financial regrets show how priorities are changing.   According to First Direct, almost half of Brits have been unhappy with their ...
    Tue 3rd Jan, 2012
  • Households add to debts and demolish savings to fund Christmas
    Despite subdued levels of spending across the year, household debts are now rising and savings are shrinking as Christmas approaches.   Lower spending has slowed the recovery throughout 2011, the Bank of England’s recent ...
    Mon 19th Dec, 2011
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