Energy regulator Ofgem has warned that the UK faces a number of challenges to its power supplies over the next ten to fifteen years with existing power stations coming to the end of their lives and an increasing need to import gas via volatile global markets.
“These are big challenges. Britain faces a tough challenge in [...]
UK Finance News
Entries from October 2009
UK Finance: Ofgem warns consumers to expect higher utility bills
John Williams - Wednesday 14.10.09, 15:32pm
Tags: Personal Finance · UK economy · Utilities
UK Finance: CEBR predict low interest rate ‘for years’
John Williams - Monday 12.10.09, 12:42pm
The Centre for Economics and Business Research (CEBR) has predicted years of low interest rates, tax rises and spending cuts for the UK in the latest economic forecast.
The CEBR believes that the record low interest rate will remain at its current level of just 0.5% until at least 2011 and do not foresee the rate [...]
Tags: Europe · Finance News · Interest Rates · Personal Finance · Property Market · Savings · UK economy · UK interst rates
UK Finance: RBS limits credit card to existing clients only
John Williams - Monday 05.10.09, 16:11pm
The Royal Bank of Scotland (RBS) have announced that it will be withdrawing its RBS and NatWest credit card facilities from customers that do not bank with the group.
The move from the UK’s second biggest card provider is seen as a way of limiting the danger of accepting customers that cannot afford to repay their [...]
Tags: Banking · Credit Cards · Personal Finance · UK economy
