UK Finance News

Although ninety percent of the UK adult population believe they are good at handling personal finances, a recent survey by Capital One suggests that their confidence does not always add up.
The research shows that over 50% of credit card holders for instance have not reviewed their monthly payments or balance in the last year.
That figure [...]

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Metro Bank will open its first branch in Central London on July 29th.
Britain’s first new high street banking group since the 19th century will open its doors on Thursday promising a return to traditional banking practises from its ultra modern premises.
The flagship branch is the first of twelve planned openings across Greater London during the [...]

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The new UK coalition government announced today that it would focus on reducing the record deficit running at 11% GDP as a priority during their elected term.
“The deficit reduction programme takes precedence over any of the other measures in this agreement, and the speed of implementation of any measures that have a cost to the [...]

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The Director General of the Institute off Economic Affairs (IEA), Mark Littlewood, has blasted politicians at home in the UK and across Europe for jumping on the bandwagon to promote support for an international levy on bank assets.
The IEA are particularly at odds with the Conservative party over the issue, David Cameron’s party have not [...]

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The Daily Express has reported that Virgin Money have secured the financial backing required to launch a bid for the British banking assets of 320 Royal Bank of Scotland (RBS) branches, as the company seeks to increase it’s foothold in the retail banking market.
Virgin Money will face stiff competition for the RBS business as other [...]

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