September 2011 Archive

Virgin Money launches "all round" credit card

Virgin Money has launched its brand new All Round Credit Card, offering 16 months at zero per cent interest on balance transfers.

Tesco Bank cuts interest rate on loans up to £15K

Tesco Bank has slashed its interest rate on loans between £7,500 to £14,999 from 7.4 per cent APR to 6.7 per cent APR representative.

Which? - Payday loan market rife with poor practice

The payday loans market is full of bad practice, according to Which?

Consumer group Which? has highlighted several examples of poor practice in the increasingly popular payday loans market.

Cameron says no change to deficit reduction plan

David Cameron has defended the governments deficit reduction policy

David Cameron, has told ABC News that the UK economy is not in trouble because it has a plan and that there will be no change to the deficit reduction plan.

G20 leaders discuss orderly default

Reports suggest political leaders are preparing for a further Greek default

Reports suggest that leaders in Washington this weekend are preparing the ground for the announcement next month at a G20 meeting in Paris of a Greek orderly default.

How to get a loan if you have bad credit

If you are struggling to pay bills each month there is help out there

If you are struggling financially, options for loans can be hard to find. Kate Saines shows you the best options for borrowing and repairing your credit rating.

Clegg: "Deficit reduction essential to protect the economy"

Nick Clegg will defend the government's plans in his conference speech

Deputy prime minister Nick Clegg is set to defend the government's programme of spending cuts in his speech to the Liberal Democrat conference.

Public sector borrowing reaches £15.9 billion in August

Government borrowing reached £15.9 billion in August, says the ONS

Official figures show government borrowing leapt to a record August high, reaching £15.9 billion and means that the government's target for this year is unlikely to be met.

Sainsbury's Finance launches credit card with rate of just 6.9% APR

Sainsbury's Finance has launched a new low rate credit card

Sainsbury's Finance has launched a new credit card that offers zero interest on balance transfers for 15 months and has a rate of just 6.9 per cent APR.

Deficit reduction policy at risk from £12bn black hole in public finances

The Chancellor, George Osborne faces some tough decision ahead of his autumn statement due on Nov 29th

An investigation by the Financial Times reveals that there is less spare capacity in the economy than previously estimated by the Office for Budget Responsibility putting at jeopardy plans to clear the deficit during this parliament.

Public sector cuts mean 110,000 jobs go in second quarter

More than 110,00 public sector workers lost their jobs in the second quarter

The fall in public sector employment of 110,000 between April and June is the highest quarterly fall since comparable records began in 1999, the Office for National Statistics has said.

MPC member Adam Posen calls for more quantitative easing

MPC member Adam Posen has called for a further round of quantitative easing

In a radical speech and newspaper article, Adam Posen, a member of the Bank of England's Monetary Policy Committee has called for an immediate injection of cash into the economy and the setting up of a state-run bank.

UK trade deficit remains level in July, says ONS

Exports increased but the UK's trade deficit remained level in July

The Office for National Statistics (ONS) has published figures that reveal that although export levels have increased, so have import levels, meaning that the UK's trade deficit remained level in July.

PPI pushes up complaints to banks and Lloyds top the list

Lloyds has received more complaints than any other UK bank in the first six months of 2011

Lloyds were the most complained about bank in the UK in the first six months of 2011 as payment protection insurance (PPI) complaints helped push total complaints up by more than 50 per cent to 149,925.