Sixteen million workers unlikely to get pay increase

The effects of the recession and the financial crisis has left many companies across the UK reeling, and this has impacted not only on the levels of job cuts, which have been rising, but also on pay for employees that continue to be employed by these companies.

No change in base interest rate

Following this week’s Monetary Policy Committee meeting the Bank of England has announced that the base interest rate will be kept on hold at just 0.5 percent.

No change for UK base rate

After a series of six base rate cuts between October of last year and March of this year, the Bank of England has decided to keep the base interest rate on hold following the latest Monetary Policy Committee meeting. March saw the base rate fall to an all time low of 0.5 percent, and following [...]

Many seek safety with National Savings & investments

Many worried savers that no longer want to trust their hard earned cash with regular High Street banks seem to be turning to safe havens such as National Savings & Investments, according to a recent report, with an increasing number of people opting to put their money into NS&I rather than continue putting their trust [...]

Mandelson wants banks to be given a break

There is no doubt that banks have been given a hard time of late, both by consumers and by politicians, and they have been slated for irresponsible lending, huge bonuses for executives, and more. However, Business Secretary, Lord Mandelson, has now decided that it is time to cut the banks a break.
Mandelson said that it [...]

Low base rate could mean end to free banking

For many years people in the UK have enjoyed free banking services, although some would argue that the various charges and fees that are imposed under certain circumstances counteract the offer of free banking. However, banking services have essentially been free other than for those that have decided to upgrade to a paid premium account.
However, [...]

Lower interest rates improved consumer confidence in March

According to a recent report there was an increase in consumer confidence in the UK for the months of March, with consumers being more optimists as further cuts in the interest rate left many with more money in their pockets due to lower repayments. This is despite the gloom that is being created by job [...]

Interest rates could go back up

A member of the powerful Monetary Policy Committee, which votes on base rate changes each month, has recently said that whilst the base rate in the UK has declined rapidly over recent months, falling from 5 percent in October to just 0.5 percent by March, there could also be a rapid climb in the base [...]

Industry professionals think that quantitative easing will work

According to a number of industry experts the quantitative easing programme that the government has brought in to try and get the economy back on its feet will work. This month the Bank of England decided to keep rates on hold following the April Monetary Policy Committee meeting in favour of ploughing money into the [...]

Consumers turning to building societies instead of banks

According to recently released figures many people that were traditionally fond of placing their hard earned savings in to their favourite High Street bank accounts are now turning to building societies to fund a safe haven for their cash after losing confidence in the High Street banking system. This comes after a plethora of problems [...]

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