UK Finance News

The chief executive of the British Bankers’ Association, Angela Knight has spoken out in defence of high street banks who have been under increasing pressure to make more funds readily available for small and medium sized businesses in the UK.
In an article on the BBC news site Knight reiterates the recent findings of the Bank [...]

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It is still early days for the new coalition government to get tough with high street banks, but according to recent research the traditional UK banking sector is still not fulfilling its promise to make more funds available to small businesses.
The Forum of Private Business claims that business owners are finding it more difficult than [...]

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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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One in every thirty six one pound coins in circulation are fakes we are being told by the Royal Mint, who have been prompted to start a campaign showing the UK public how to spot the odd ones out.
Almost two million of the counterfeit coins were returned to the Royal Mint during this last financial [...]

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Recent research by Yorkshire Building Society shows that the number of mortgage borrowers now on their respective lenders’ SVRs (Standard Variable Rates) is over 2.3 million, representing 28% of the total mortgage market.
Typically these households have come off fixed term discounted mortgage deals which were available two or more years ago.  Lenders SVRs, currently averaging [...]

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