UK Finance News

Pre-Christmas independent research released by Money.co.uk today,  suggests that the majority of Brits have made no provision for Christmas expenses this year, increasing the likelihood of a major hit on credit cards and the like over the festive period. Worryingly almost 5 million (10%) of Britons have admitted that they are still paying debts off [...]

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The British Bankers Association have denied claims from consumer groups that the UK’s high street banks are ‘profiteering’ from charging high interest rates on personal finance, despite the obvious evidence that interest rates on personal loans are at a seven year high, while the base rate is at an all time record low.
Consumer groups say [...]

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Research conducted by Newcastle Building Society, the biggest building society in the Nort East, has found that savers are risking getting lower returns on their investments by not utilising the financial information and support that is freely available to them on the market.
With the base rate at an all time low many savers have already [...]

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The Bank of England have announced that they will pump another £25billion into the quantitative easing programme, taking it to a total of £200billion in what analysts believe will be the last expansion of the scheme to revive the UK economy.
The bank say that it will take another three months to complete bond purchases through [...]

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While repossessions dropped by 10% in the last figures issued by the Council of Mortgage Lenders covering April to June 2009, there were still over 11,400 repossessions made during that period.  Surprisingly a quarter of those were voluntary-homeowners who have fallen into mortgage arrears but rather than seek help available from the Government or their [...]

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