Last week, around 50,000 Natwest customers received letters telling them that they would not be covered if fraudsters used their cards to pay for things without their knowledge. Understandably, many of these customers were worried, and Natwest have now released an apology and said that this is not the case. There have been plenty of […]
Economists Predict Winter Cut to Interest Rates
There have been yet more predictions of a cut in the interest rate set by the Bank of England, bringing it down from its already record-low 0.5% figure. The Bank has kept interest rates there for two and a half years now, and some economists are predicting a further fall. Despite expectations of a drop […]
Bank of England Policy Maker Warns QE has “lost its bite”
The policy of quantitative easing (QE), wherein the Bank of England has been printing money and giving it to the banks in order to stimulate lending, has begun to receive criticism from within the Bank itself. There were already analysts in the city and commentators throughout society that had claimed it was not doing what […]
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 […]
British Workers are Spending More Time Doing Less
Figures from the Office of National Statistics have demonstrated that British workers are currently producing less GDP per hour of work than their contemporaries in Canada, Germany, Italy, France and the US. Of the G7 nations, only Japan’s workers were producing less GDP per hour. Plenty of people and newspapers have jumped on these figures […]
British Banks Promise to Change Their Ways
With the British public’s opinion of the major high street banks in the gutter, it’s rather unsurprising that they are doing their best to change their image. If anything, it’s shocking that is has taken this long and there have been so many scandals that not much surprises the public anymore. Since the beginning of […]
Lloyds Being Investigated By FSA for Mis-selling Financial Products
The Lloyds Banking Group is being investigated by the Financial Services Authority (FSA) for mis-selling its financial products to its retail customers. The investigation into the Lloyds group was announced today by the financial regulator, which has promised to look at the whole financial industry for the mis-selling of products. The FSA announced that it planned 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 […]
What Alternative Therapy spa treatments are there?
There are plenty of treatments that guests can enjoy during a spa break, some of the most well known and popular being massages, facials and manicures. Alternative therapy treatments are available in many health spas, but the word ‘alternative’ may scare some people away. These treatments are based on ancient traditions and are great for relaxing […]
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 […]