Chancellor too optimistic about economic recovery
January 27, 2009
Downing Street officials have recently admitted that the Chancellor of the Exchequer, Alistair Darling, was too optimistic when he recently predicted that the UK economy could start recovering as early on as the middle of this year. Downing Street has now said that this was the government’s best view at the time the statement was [...]
Brown could dole out billions more to banks
January 27, 2009
Prime Minister, Gordon Brown, and chancellor, Alistair Darling, have recently indicated that whilst it is not being considered as a main option there is a chance that they may consider ploughing billions of pounds more into the banking system from the public purse. The government has already ploughed £37 billion of taxpayer’s money into banks [...]
Bad Credit Loans for Those with a Damaged Credit Record
January 26, 2009
Many more people are finding themselves in financial difficulty these days and are unable to meet their financial obligations. When you miss a payment or are late, this information goes on your credit record and lowers your score impacting your ability to obtain credit in the future. Many lenders are willing to approve loans for [...]
Banks will share additional information about credit card customers
January 26, 2009
Banks have recently revealed that they plan to share more detailed information about credit card applicants and customers in a bid to cut down on a number of problems. However, officials have said that the way in which lenders will share more detailed information could make it more difficult for some to get a credit [...]
A&L offers incentives on current account
January 26, 2009
With a move that could spark yet another current account war amongst UK banks, the Alliance and Leicester has kicked off this year by offering a range of incentives on its current account for new customers that open an account. The bank hopes that by offering these perks it can take custom from rival banks [...]
How to Manage Your Money More Effectively
January 23, 2009
In light of today’s global financial crisis, managing your money effectively has become more important than ever before. This is very difficult to do in the best of times. You do need to keep a check on your money so you know how much you have coming in each month so that you do [...]
More firms could face administration over coming weeks
January 23, 2009
Industry officials have warned that around ten or more national firms could face administration within the first few weeks of 2009, as the global financial crisis and the economic slowdown continue to take their toll on businesses. The warning comes from insolvency experts, who have said that January is the most likely time that firms [...]
Record fines from FSA
January 23, 2009
Recently released figures have shown that the UK’s financial regulator has been handing down record fines in 2008 as a result of its clampdown on mortgage related fraud and mis-selling of insurance to consumers. The city watchdog is said to have handed down fines of around £22 million in total over the course of the [...]
Beware of Using Sites Offering Insurance Comparisons
January 22, 2009
A review of Internet sites that compare insurance costs for consumers suggests that these sites may actually be misleading. According to the Financial Service Authority, many of these sites do not have up to date information about the policies of the insurance providers and therefore provides consumers with inaccurate quotes of the cost of insurance.
Since [...]
Many first time buyers getting help from parents
January 22, 2009
Recent reports have shown that many struggling first time buyers in the UK have been getting assistance from their parents in order to help them to get onto the property ladder in the current climate. Many have been unable to raise the deposits needed for mortgages at the current time, and there has been a [...]
