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Loans and Credit News
MPs support an end to "free banking"
The Chairman of the Treasury Select Committee, Andrew Tyrie MP says regulators should "remove obstacles stopping banks from charging." |
Payday lenders sign up to voluntary guidelines
Payday loan companies have pledged to improve transparency and better protect vulnerable borrowers, the Government has announced. |
Catalogue debt on the increase, warns money advice charity
A UK debt helpline received more calls from consumers struggling with catalogue debts than with rent, mortgages or payday loans, it has emerged. |
Bank of England minutes hint that more QE is likely
Bank of England policy makers have hinted that some of their members were on the verge of voting to increase quantitative easing (QE). |
Public sector net borrowing surplus due to Royal Mail windfall
The UK’s public finances recorded a record surplus in April, but it was due to a £28 billion transfer in from the Royal Mail's pension assets latest figures reveal. |
Brits ‘caught in payday loans downward spiral of debt trap'
Consumers relying on payday loans are getting trapped in a downward spiral of debt caused by exorbitant penalty charges, new research reveals. |
UK trade deficit narrows helped by non-EU exports
Official data from the Office for National Statistics showed exports to the US, China and Russia helped the UK narrow its trading gap between imports and exports in March. |
Boom years under Labour fuelled by household debt and borrowing
A new report from the National Institute of Economic and Social Research (NIESR) says that the economic boom of the new Labour years was fuelled by overborrowing. |
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