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 […]
Tag: Money
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 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 […]
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 […]
Vince Cable Tells Investors to Curb Daredevil Casino Traders
Vince Cable, Business Secretary yesterday issued a call for British bank shareholders to help curb the ‘daredevil’ behaviour of the UK’s ‘casino banks. The Business Secretary made the call in a speech to the Association of British Insurers, which are one of Britain’s most powerful and influential investor groups. Cable said that the Government could […]
Students Targeted by Scammers to Steal Loan Payments
Students have been warned that they could be targeted by scammers who are trying to steal their student loan payments. The Student Loans Company (SLC) has said that at the moment fraudulent emails are being sent to students by fraudsters pretending to be reputable finance companies. The emails request personal details including bank details in […]
Holidaymakers Told To Buy Euros Now As Pound Soars
British holidaymakers who are planning on taking a holiday in Europe have been advised to buy their euros now. The pound against the euro has hit a 20 month high price which could benefit Brits heading to Europe on their holidays. The exchange rate for sterling to euro transfers has risen 2.7% since the start […]