May 2012 Archive

Is austerity Britain's bubble about to burst?

Aviva's report says expenditure is outpacing income in the UK in 2012

Aviva Family Finances report reveals that 70% of people want the government to change tack from austerity to promoting growth and in the past year savings and income has risen but so has debt.

Leeds BS relaunches unlimited access postal account

Easy access postal saver unveiled at the Leeds

Leeds Building Society has brought out a new version of its Unlimited Access Postal Account, paying a current best buy rate of 2.75 per cent gross p.a./ AER.

FSA: Banks must clearly display deposit compensation details

The FSA has demanded that banks and building societies must display information explaining to customers which deposit guarantee scheme applies to their deposits.

Post Office launches new issue of Online Saver paying 3.17%

The Post Office has launched a new issue of its Online Saver account

The Post Office has unveiled a new issue of its Online Saver account that pays 3.17 per cent which includes a bonus of 1.52% for 12 months.

Inflation drop ‘good news for UK savers’

April’s dip in inflation to three per cent, down from 3.5 per cent in March, is a welcome boost for savers as 46 saving accounts on the market now beat inflation.

RBS issues special £10 note to celebrate Queen's Golden Jubilee

The new RBS £10 note celebrating the Queen's Golden Jubilee

The Royal Bank of Scotland has issued a commemorative £10 note to celebrate the Queen's Golden Jubilee, drawing on royal links to the Scottish bank.

Yorkshire BS launches short term fixed rate bond

Yorkshire Building Society has introduced a new savings bond offering a competitive rate and a choice of monthly or annual interest payments.

Inflation falls to 26 month low paving way for more QE

Inflation has fallen to its lowest level for 26 months

The consumer prices index (CPI) measure of inflation has fallen to a 26-month low and could pave the way for a resumption of quantitative easing, analysts say.

C&G unveils new fixed rate cash ISA range

Cheltenham & Gloucester has introduced a new fixed rate cash ISA range, offering one, two, three, four and five year accounts that can be opened with £1.

Saga’s new online account rewards bigger balances

New savings account can be opened with £1

Saga has launched an easy access online saver paying 3.05 per cent AER variable on balances of £20,000 or more and 2.6 per cent on balances below £20,000.

BoE's King bows to pressure and agrees to three separate probes

The Bank of England is to be investigated over its handling of the financial crisis

The Bank of England is to undergo three separate investigations into its handling of the financial crisis, its forecasting record and its support to the banking sector.

NS&I boosts investment account interest rate

New interest rate on NS&I investment account

National Savings & Investments (NS&I) has relaunched its Investment Account, making it a postal only account but offering a higher interest rate.

Tax Commission calls for 30% flat tax rate on income and capital

The 2020 Tax Commission is calling for changes to the UK tax system

A new report by the 2020 Tax Commission says that a flat rate of 30 per cent tax on both income and capital will raise GDP over 15 years and end the UK's "punitive" tax system.

G8 summit ends with pledge for eurozone focus on jobs and growth

US President Barack Obama ended the G8 summit urging the eurozone to focus on jobs and growth

The G8 summit has ended with US President Obama urging the eurozone to focus on jobs and growth.

Posen to step down from Bank of England in the summer

B of E MPC member Adam Posen admits he may have been hasty in changing his vote on more QE

Adam Posen, a member of the Bank of England's Monetary Policy Committee will leave his position in the summer and admits he may have been wrong to switch his vote in April to a no for more QE.

UK household wealth up by £2.36 trillion since 2001

House price increases have contributed to the total increase in UK household wealth, say Lloyds

The combined increase in wealth enjoyed by the UK as a whole has reached £2.36 trillion, mainly due to the rise in house prices, new research from Lloyds says.

Santander moves to reassure UK customers that money is safe

Santander has moved to reassure its UK customers

Santander has admitted that some customers have been withdrawing funds but that its UK operations are separate to Banco Santander in Spain.

Downbeat inflation and growth forecasts means more QE likely

Sir Mervyn King presented the Bank of England's Quarterly Inflation report yesterday

The Bank of England published its Quarterly Inflation Report on Wednesday and predicts inflation will stay above two per cent with growth down to 0.8 per cent this year.

Taxpayers "fortunate" to escape with £2bn Northern Rock loss

The loss to the UK taxpayer on the disposal of Northern Rock is expected to be £2bn

The National Audit Office reports that the sale of Northern Rock to Virgin Money minimised losses to the taxpayer but concludes that taxpayers will lose £2bn overall.

Study warns Brits underestimate cost of key events by £132k

Average student debt is now around £43,500

UK consumers are vastly underestimating the cost of life’s major events including getting married, raising a first child or going to university, a study reveals.

BoE cuts growth forecast and warns of higher inflation

Sir Mervyn King has warned of a storm coming the UK's way from Europe

The Bank of England has released its Quarterly Inflation Report and Sir Mervyn King has cut the growth forecast for 2012 to 0.8 per cent and says inflation will remain above 2% for at least the next year.

Bank of England to cut growth forecast again

The Bank of England's Quarterly Inflation Report is published tomorrow

The Bank of England publishes its Quarterly Inflation Report tomorrow (16th May) against a background of a double-dip recession and stickier than expected inflation.

Leeds BS launches easy access ISA range

Leeds Building Society has released a new selection of fixed rate cash ISAs, offering penalty-free access to 25 per cent of the funds at any time.

AA launches new easy access savings account paying up to 3%

The AA has launched a new easy access savings account that pays interest of three per cent on balances higher than £10,000.

Millions to get tax refunds earlier as HMRC starts PAYE year-end

HMRC's annual PAYE reconciliation agrees the correct amount of tax for millions

HM Revenue & Customs are starting their end-of-year PAYE reconciliations earlier which means up to 3.5 million people will receive refunds earlier than normal.

First | Previous | Showing 1 to 25 of 40 | Next | Last