UK Finance News

UK supermarket Tesco are anxious to build on their personal finance and banking arm having last year bought out partners RBS amid plans to offer banking services in-store.
There is little doubt that Tesco will cause a stir amongst the traditional banking system in place in the UK and the high street banks will need to [...]

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Conservative MP Nadine Jones has said on her blog that Westminster has become ‘unbearable’ over the last two weeks as The Daily Telegraph continues it’s serial publication of MPs expenses. She warns that some MPs are ‘beginning to crack’ and ‘everyone fears a suicide.’
The poor woman goes on to suggest that the Telegraph expenses disclosures [...]

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The ratings agency Standard & Poor (S&P) has lowered it’s outlook on the UK to negative, claiming that Government spending will be hard to rein in amongst political uncertainty surrounding a forthcoming election.
S&P Credit Analyst David Beers explained in a statement:
“We have revised the outlook on the UK to negative due to our view that, [...]

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At long last  Michael Martin bowed to pressure from within Parliament to resign his post as House of Commons speaker yesterday, a word in the ear from PM Gordon Brown seemingly bringing the speaker to his senses, but there is absolutely no chance that the scandal raised over MPs expenses will go away.
Quite rightly, the [...]

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A mixed bag of reports in the personal finance pages over the last couple of days show that while mortgage lenders are at last passing on rate cuts to many home buyers, those using fixed rate mortgages are actually seeing an increase in their repayments.
Although interest rate charges are still much higher than the Bank [...]

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