UK Finance News

Family shopping bills have risen by 21% says a reports by mySupermarket, the website that compares supermarket prices across the UK.
Despite official inflation figures suggesting that food and non alcoholic drinks had risen by 7.8% since June last year, mySupermarket’s analysis of 24 staple items sold in the top three UK supermarkets shows a mind [...]

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UK banks are falling over themselves to retain and increase their share of the market. As the credit crunch takes hold and deposits dwindle the High Street bank has once again become Joe Public’s best friend.
Special rates for regular savers have been launched in the last couple of weeks, with rates of 10% fixed for [...]

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Figures released by the Council Of Mortgage Lenders show that 23,000 people who took out 100% mortgages in the last twelve months could find themselves with negative equity in their property.
This in itself is not a new phenomenon and was most recently seen in the property collapse during the nineties. Thousands were in the same [...]

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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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