Loans and Credit News
Woman warns of scam mail letters after losing £200k in 56 yearsA woman from Surrey has appeared on a Surrey Council website to warn other residents over sending money to scam firms after spending over £200,000 in 56 years. |
Bank lending to business shows "significant" improvementThe lates quarterly Bank of England credit conditions report shows an increase in lending to households for mortgages and importantly for the rebalancing of the economy a rise in small business lending. |
Think tank warns debt crisis will hurt millionsThe Resolution Foundation predict that millions of UK households could face “perilous” levels of debt when interest rates begin to rise. |
ONS upgrades UK economic growth for 2013Official figures show the UK economy grew by more than expected in the first half of 2013, with annualised growth of 1.9 per cent, up from 1.5 per cent. |
HMRC underestimates Swiss tax collection target by £2.5bnHM Revenue and Customs (HMRC) has been accused of “losing its nerve” when chasing big, multinational companies for tax owed, according to Margaret Hodge, head of the Public Accounts Committee. |
Ban payday loan adverts, urge MPsMPs call for a ban on payday loan advertising on children’s television or during their programmes, this comes after Ofcom research revealed how much they are exposed to the industry. |
UK households more upbeat about financesThe latest Markit household finance index suggests the improving economy is helping UK households feel more upbeat about their finances as we head into 2014. |
UK economic output to reach new record high in 2014The British Chambers of Commerce predicts the UK economy will finally surpass its pre-recession peak in the second half of 2014 and that interest rates will go up in late 2015. |
Debt inducing payday loans 'normalised' by TV advertsThe payday loan industry has received fresh criticism after reports emerge about the amount of children watching their adverts. |
OBR & IFS discredit Chancellor's claims on disposable incomeThe Office for Budget Responsibility has joined the Institute for Fiscal Studies in disproving data presented by the George Osborne in his Autumn Statement on disposable incomes. |
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