UK Finance News

As if UK savers needed reminding the latest finance news from the Bank of England tells us that their combined efforts with the government to revitalise the economy, has left savers with the lowest interest rate on record.
While the emphasis has been on cutting interest rates to encourage high street banks to stimulate the economy, [...]

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Gordon Brown has turned into one of those irritating child’s toys, the one where you pull a string and it repeats the same few daft sentences every time. You can tell when the string has been pulled as Browns jaw drops momentarily before the recording starts.
Brown was in a Dundee tyre factory ahead of a [...]

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As strongly predicted the Bank of England has cut the base interest rate by half to just 0.5%, but more interestingly the bank also announced plans to introduce a further £75billion into the economy in an attempt at quantitative easing. Despite already agreeing to help out banks with guarantees on ‘toxic assets’ banks are still [...]

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The Nationwide policy of not charging customers to use their debit and credit cards abroad is about to change warns the mutual. After years of not passing on charges levied by Visa,  Nationwide has now decided to pass on the fee to all users outside of Europe.
From May 6th using a Nationwide credit card will [...]

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Economists are predicting a further interest rate cut to be announced this week by the Bank of England, creating an all time low rate of 0.5% and the sixth cut in as many months.
Despite the interest rate cuts made so far, there is little sign that banks are any more willing to lend than they [...]

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