Finance News Archive History

Finance News RSS Feed

  • Credit cards shed in favour of payday loans
    Britons shed almost one million credit cards in 2011, a report has said, as consumers look towards other credit sources, and especially payday loans.   Credit cards are facing a "mid-life crisis", said Simon Westcott of ...
    Tue 7th Feb, 2012
  • '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)
  • Road casualties falling, but stay insured!
    Increasing numbers of speed cameras, speed bumps, and laws on drink-driving have frustrated drivers over recent years, but statistics show that casualties are falling as a result.   A report released by the Department of ...
    Thu 2nd Feb, 2012
  • New Nationwide Select Credit Card blows competition away
    The new Nationwide Select credit card offers a stunning combination of features that makes it the best all-round credit card on the market by a considerable margin.   The card's extensive benefits cover a broad range of ...
    Wed 1st Feb, 2012
  • Last day for Barclaycard’s 24-month balance transfer credit card
    The longest ever Barclaycard offer on balance transfers (0% for 24 months) is set to end at midday tomorrow.   The Barclaycard Platinum credit card offers the opportunity for consumers to freeze their interest on a balance ...
    Tue 31st Jan, 2012
  • Shrinking housing market looks to 95% mortgages
    Lenders are preparing to offer a 95% mortgage to boost an ailing housing market that depends heavily on buy-to-let and those unable to afford their own homes.   Contraction in supply and demand has ground housing market ...
    Mon 30th Jan, 2012
  • Lloyds Group axes charity credit cards
    Halifax and Bank of Scotland are to withdraw their charity credit cards from the end of February.   A statement from Lloyds Banking Group said that its decision was based on the limited demand for charity credit cards in ...
    Mon 30th Jan, 2012
  • 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
  • Credit cards and mortgages signal low borrowing
    Net lending for consumers and businesses remains 'subdued' on the back of the tough financial climate.   Concerned consumers paid off more credit card debt than they borrowed in December, according to the British Bankers’ ...
    Thu 26th 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
  • Saving on car insurance and motoring costs
    As car insurance stokes up a political storm, motorists have all the more reason to shop around carefully for the best deal.   Car insurance has become the centre of a political wrangle recently. According to the AA, the ...
    Tue 24th Jan, 2012
  • Mortgage lending up in 2011, but outlook remains uncertain
    Overall, mortgage lending increased in 2011 after lending activity increased for five consecutive months to December. The housing market faces a tougher 2012, experts warn, but there could be room for optimism.   Lending in ...
    Tue 24th Jan, 2012
  • Brits will use credit cards in 2012 but hope to find cutbacks
    Brits expect to rely on their credit cards in 2012, but there is renewed determination to make cutbacks as austerity moves into the household.   Over a quarter of Brits expect to owe money on their credit cards this year, ...
    Mon 23rd 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
Page 1 of 182