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Inflation could remain high for four years
Even if tomorrow’s inflation figures show the first fall in inflation since September, Britons should still expect the annual rise in prices to remain high for the next four years, says the Ernst &...
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Inflation falls to 2.4% in April
The UK’s consumer price inflation rate fell further than expected, to 2.4% in April, according to the Office of National Statistics (ONS). The fall to 2.4%, from 2.8% in March, represented the first...
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Bank of Ireland relieves some customers of mortgage rate hike
Around 10% of the mortgage customers affected by the Bank of Ireland UK’s recent rate hikes are to become exempt after the bank identified specific groups that would no longer qualify for the increase....
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Cheaper mortgages giving hope to first-time buyers
High loan-to-value mortgages are getting cheaper, giving hope to first-time buyers as rent levels and average house prices continue to rise at pace with inflation. According to financial analysts,...
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Co-op launches talking ATM machines to support visually impaired
The Co-operative Bank has introduced 'talking' ATM machines to help blind or partially-sighted people withdraw their cash independently. The machines, available to all Link or Visa card holders,...
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Nationwide’s current accounts attract 1,000 customers every day
Current accounts that return more in interest than standard savings accounts are helping the Nationwide Building Society to attract 1,000 new customers every day. Nationwide, Britain’s biggest...
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Not for our Borough! Windsor Council tells Metro Bank to rethink
Windsor Council has turned down a planning application for Metro Bank to redesign the front interior of a retail unit, but stressed that it is it keen for the growing bank to open a branch in the town....
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Switching Your Bank Account - from September 2013
New rules due to come into force in September should make it easier to switch banks than ever before. So if you're interested in opening a new current account, read on to discover what’s set to change....
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One out, one in. New Co-op chief executive not giving up on bank
Co-operative Bank has appointed a new chief executive as part of a shake-up designed to preserve the stricken bank. Niall Booker, the former head of HSBC in North America, replaces Barry Tootell, who...
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Barclaycard surpasses rivals with 27-month balance transfer card
The longest ever 0% balance transfer deal from Barclaycard could give new customers a whopping 27 months to pay off their existing debts without interest. Barclaycard's new 27-month Balance Transfer...
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Ombudsman receives record number of complaints in 2012
The number of new complaints received by the Financial Ombudsman Service (FOS) exceeded half a million in 2012/13, reflecting an increase of 92% on the previous year. As expected, the mis-selling of...
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Cash payments fall to new low
Cash payments now account for just over half of retail purchases, as use of cards and coupons continues to rise. According to the British Retail Consortium (BRC), which analysed 60% of all retail...
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Unsecured debt levels grow for over-55s
People approaching retirement age are taking out more in unsecured loans, according to Aviva, as the rising cost of living continues to put a dampener on debt repayments. According to the insurer’s...
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MPs brand OFT 'timid' over payday loans
MPs have branded the Office of Fair Trading "ineffective and timid in the extreme" for its failure to control the payday loans industry. The Public Accounts Committee, chaired by Margaret Hodge, said...
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Mortgage rates down as analysts fear a return to boom-and-bust
Mortgage lenders are continuing to slash lending rates to attract aspiring homeowners, while pushing up so-called 'arrangement fees' to compensate. Those with existing equity or a healthy deposit are...
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Hitachi to offer market leading personal loans
Hitachi, best known for its electrical products, is to shake up the market for unsecured personal loans by undercutting high-street providers. Hitachi Personal Finance has offered credit on purchases...
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What do Brits lose to the drainpipe?
Mercifully, Brits aren't known for losing children down the drain-pipe (and we're all thankful for a happy ending in Jinhua). But remarkably, it seems a third of us have lost something down the...
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NS&I hunts winners of unclaimed Premium Bond prizes
The hunt is on to track down 900,000 Premium Bond prize winners, some of whom are owed tens of thousands in unclaimed prize money. National Savings & Investments (NS&I), the government’s...
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Co-op continues boardroom overhaul
The Co-operative Group is continuing the restructure of its management team by appointing a new chairman for the bank and a new Group finance chief. Richard Pym, the former chief of Alliance &...
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Card theft at ATMs on the rise
People are three times more at risk from criminals attempting to steal their cards and data at ATM machines than they were a year ago. According the Financial Fraud Action UK, there were 7,525...
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