November 2011 Archive

Yorkshire Building Society launches Christmas Saver

Yorkshire Building Society has again announced the return of its popular Christmas Saver product, which will allow people to save for the festive season in 2012.

George Osborne's autumn statement: What the experts say

The Chancellor, George Osborne has presented his autumn statement to parliament

The Chancellor, George Osborne, presented his autumn spending review today and we focus on what experts in each affected area think of his plans.

Chancellor Osborne's autumn statement to admit deficit up by £30bln

The Chancellor will present his autumn statement today

The Chancellor, George Osborne will be forced to admit that the public finances deficit is likely to be £30 billion shy of his stated target by 2014-15.

40% of people in the UK plan to spend less this Christmas

Christmas spending could take a tumble as cash-strapped Britons cut back this year, Which? has said.

New Santander savings bond offers cash upfront

Santander has announced the launch of a new savings bond that offers customers interest upfront.

BOE MPC minutes reveal coyness on further QE but inflation fears

The MPC minutes for November reveal more QE was not on the agenda

The Bank of England's Monetary Policy Committee minutes reveal the committee is in no hurry to introduce more quantitative easing but is unsure of future inflation.

HPC reveals top Lloyds and Barclays staff earn 75 times ave salary

A new report has branded the high level of executive pay "corrosive" to society and threatens to create inequalities last seen in the Victorian era.

Bank of Ireland launches new range of cash ISAs

New cash Isa rates launched through Governor Money

The Bank of Ireland has launched a new range of best-buy ISAs through Governor Money with new rates for cash Isas, which could help savers maximise their investments.

Nationwide BS reports 17% rise in half-year pre-tax profits

A 17 per cent growth in pre-tax profits has been recorded by Nationwide Building Society.

Euro debt crisis leads to better savings deals for Brits

The euro debt crisis has led to better rates for UK savers

A silver-lining to the euro debt crisis is that banks and building societies have problems in borrowing so savings rates are rising as they try and encourage deposits.

Northern Rock sold by government to Virgin Money for £747m

Northern Rock has been sold to Virgin Money, the Treasury has announced

Government owned bank Northern Rock has had its less risky banking operations sold to Virgin Money for £747 million, the Chancellor, George Osborne has announced.

Which? undercover investigation finds banks give bad advice

Many banks are failing to give good advice to their customers, an undercover investigation has found.

Five bank accounts that provide a return against inflation

Research finds only five savings accounts giving real returns

The Office for National Statistics (ONS) announced today that the Consumer Prices Index (CPI) fell to five per cent. We reveal five ways to beat inflation.

Loughborough BS launches new savings account paying 4.00%

Loughborough Building Society launch a new savings account

The Loughborough Building Society has launched a new monthly savers account that pays a 4.00% AER/Gross variable rate with a savings limit of £2,400 PA or £200 a month.

How to save and pay for Christmas in just five weeks

How to save and pay for Christmas in just six weeks

Christmas is fast approaching and if finances are looking tight then it is time to set a budget and follow a plan to pay for Christmas without incurring any debt.

Big four banks meet Project Merlin targets for third quarter

Banks have met their lending targets for the 3rd quarter under Project Merlin

The four banks that have signed up to the lending targets to UK businesses under Project Merlin have met 3rd quarter targets but doubts remain over their lending policies.

Bank of England to cut UK growth forecast to just 1%

It is an important week ahead for the Bank of England

The Bank of England will cut its forecast for economic growth to just one per cent for 2011 and a similar amount for 2012 as it acknowledges the possibility of recession.

Close Brothers launch fixed term savings account paying 4.25%

Close Brothers have launched a new fixed term deposit savings account

Close Brothers Savings has announced the launch of a new Premium Gold fixed term deposit account that could benefit savers looking for a safe haven.

Cahoot launches two-year fixed rate savings bond paying 4.01%

Cahoot is launching a new two-year fixed rate savings bond

Cahoot will launch a new issue of its two-year fixed rate savings bond that pays 4.01 per cent AER on November 14th.

Bank of England keeps base rate at 0.5% and QE at £275 bln

The MPC has voted to keep base rate at 0.5 per cent for a 32nd month in a row

The Bank of England's Monetary Policy Committee (MPC) has voted to keep rates at 0.5 per cent for a 32nd consecutive month and to retain quantitative easing at £275 bln.

Preview: Bank of England's MPC November interest rate meeting

The Bank of England's Monetary Policy Committee meets today and tomorrow

The Bank of England's Monetary Policy Committee (MPC) will announce their decision tomorrow on whether to raise base rate from 0.5 per cent or to issue more QE.

HSBC shares drop by 6% as Lloyds warns it will miss targets

HSBC has warned of difficult economic conditions as it unveiled 3rd quarter results

Shares in HSBC fell by six per cent today as underlying profits dropped by 36 per cent in the third quarter and Lloyds, like RBS, warns that it will miss key targets.

Payments Council research shows Britain's changing banking habits

The ways people in the UK are accessing their bank accounts are changing, with many now preferring online methods.

Parliament demands sweeping changes to Bank of England

A new parliamentary report recommends new governance rules for the Bank of England

A new report from an influential parliamentary committee has recommended that the Chancellor should take control of the Bank of England when taxpayer funds are at stake.

Lloyds posts financial loss of £3.9 bln due to PPI claims

Llloyds Banking Group made a loss of £3.9 billion in the first nine months of 2011

Lloyds Banking Group has reported a loss of £3.9 billion for the first nine months of 2011, in part due to having to pay out £3.2 billion in settling PPI claims.

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