UK Finance News

Amid a new flurry of rates designed to get savers pumping money back into banks, The Halifax has announced it’s latest savings plan offering up to 12% return on investment during the first year.
The bank is offering a straight 10% to savers who take out it’s new 10% Regular Saver plan available from yesterday.
The plan [...]

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Despite tears and pleas  from the construction industry, the Bank Of England has kept the interest rate at 5% for another month at least.
Responding to its needs to keep inflation in check, the Bank Of England  decided that cutting the rate was not an option even with a full blown recession staring it in the [...]

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A staggering £13.2bn has been paid out in bonuses to City workers so far this year, down just 1% on the same stage last year, suggesting that the credit crunch has yet to hit the pockets of bankers.
The figures will infuriate the general public, currently caught in the aftermath of the diabolical greed and extraordinary [...]

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Cheltenham & Gloucester one of the UKs biggest mortgage lenders, has pulled its entire home loan range as of close of business on Monday 19 May.
The lender has issued a statement saying that it has withdrawn its entire range of mortgage products and will be replacing them with more expensive products. Most rates will increase [...]

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Bank of England Governor Mervyn King has warned that “the nice decade is behind us” as inflation could hit 4% this year as the economic growth slows severely.
The gloomy governer  spoke this morning of house prices falling and house prices to earnings ratio’s etc, but spoke as a man with little confidence, giving the impression [...]

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