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Category: Finance

Pension Protection Fund Levy Will Not Rise

The Pension Protection Fund (PPF) have said that they will not increase the level of the levy during 2013/14, which has drawn a sigh of relief from the many businesses that pay into it. The Pension Protection Fund is set up so that employers who have guaranteed pensions for their employees do not have to […]

Banks Keen to Use Libor Fixing Inquiry to End Free Banking

The parliamentary inquiry into the Libor fixing scandal may be used by the leading banks to end the system of free banking that UK customers have enjoyed for so many years. In the UK, unlike many other countries throughout Europe and the world, most accounts carry no fees, and you are free to withdraw cash […]

Spiraling Food Prices and Cost of Fuel Could End Falling Inflation

The pressure easing on millions of British households from falling inflation could be short lived as warnings emerged that fuel prices could head for £1.50 per litre combined with poor harvests affecting food costs. The price of crude oil has been forced up in price due to rising tensions in the Middle East along with […]

Bank Rating Downgrades Mean Interest Rates on Loans & Mortgages Set to Climb Again

British households are likely to be set for more financial pain, with interest rates likely to rise on their loans and mortgages money experts have warned today. Some of Britain’s top banks last night suffered a downgrade in their credit rating by Moody’s the credit agency amid rapidly increasing fears of a financial meltdown in […]