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Entries Tagged as 'Banking'

UK Bailed Out Banks Under Fire Over Loan Rates Rip Off

John Williams - Tuesday 09.03.10, 13:51pm

It is a very fine line to tread for the State Owned Banks, do they offer financial assistance in the form of mortgages at cut rates to lenders in a bid to re-vitalise the property market as requested of them by the UK Government, or should they protect the tax payers interest by offering deals [...]

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Tags: Banking · Finance News · Interest Rates · Personal Finance · UK economy

FT Survey Says Bank Bonus Tax Could Reach £2.5billion

John Williams - Friday 05.03.10, 11:36am

A report conducted by the Financial Times suggests that the Chancellor Alistair Darling could be well off the mark when predicting that the UK’s one off tax on bank bonuses would bring £550million in to the Treasury during this financial year.
Instead the Financial Times report says that the 50% tax levied on bonuses over £25,000 [...]

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Tags: Banking · Bonus Culture · Finance News · Income Tax · Tax and Duty · UK economy

Credit Cards – Zero percent transfers not always the best choice

John Williams - Monday 18.01.10, 15:47pm

For many of us the festive season is a time for over indulgence, be it over eating or drinking or over spending on presents for our families and loved ones. It is often our credit cards that take the brunt of the cost for the season and nothing brings on the January blues quite like [...]

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Tags: Banking · Cash Flow · Credit Cards · SME · UK economy · UK interst rates

UK Banks call for an end to cheque books

John Williams - Thursday 17.12.09, 13:00pm

The end is nigh for the humble bank cheque, after more than three hundred years as the payment of choice for many, banks are expected to vote to phase it out in favour of more up to date payment methods.
During the last  forty years credit and debit cards have taken over from bank cheques for [...]

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Tags: Banking · Credit Cards · Finance News · Personal Finance · UK economy

France announce ‘bank bonus tax’

John Williams - Wednesday 16.12.09, 12:46pm

France are to follow the lead outlined by the UK government in Alistair Darling’s recent pre-budget speech and introduce a special one off tax on banker’s bonuses for 2010.
French Finance minister Christine Legarde has said that a bill will be put before the French parliament in January that will commit tax bonus payments of over [...]

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Tags: Banking · Bonus Culture · Europe · Finance News · Tax and Duty · UK economy

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