Latest News

Bankruptcies on the rise

Friday, 07 November 2008 | News

The number of people going bankrupt jumped by over 12% over the summer, while the number of companies going bust has leapt by 26% over the past year, according to new figures from the Insolvency Service.

Lenders pull tracker mortgages

Friday, 07 November 2008 | News

Several lenders, including the mortgage arm of Lloyds TSB, Nationwide and Alliance & Leicester, have withdrawn their tracker mortgages as interest rates continue to fall.

Bank of England cuts rates by 1.5%

Thursday, 06 November 2008 | News

The Bank of England’s Monetary Policy Committee (MPC) has shocked the City with a surprise 1.5% cut in interest rates, taking it from 4.50% to 3%.

Consumers feel more optimistic about future

Wednesday, 05 November 2008 | News

The government’s banking bailout has bolstered consumer confidence and left households feeling the most optimistic they have been since December last year, according to Nationwide.

Top-up ban on NHS drugs lifted

Wednesday, 05 November 2008 | News

Patients in England and Wales who choose to top-up their healthcare by paying for drugs privately will no longer be denied NHS care, the government has confirmed.

Stockmarkets react to Obama victory

Wednesday, 05 November 2008 | News

The FTSE 100 opened 100 points down today despite a good performance yesterday and the news early this morning that Barack Obama has been elected as the next president of the United States.

Bailed-out banks to be monitored

Tuesday, 04 November 2008 | News

Chancellor Alistair Darling has unveiled plans to launch a new body to oversee taxpayers’ shares in the three banks his government was forced to bail-out last month.

Banks may refuse to cut mortgage rates

Thursday, 06 November 2008 | News

Borrowers have been warned not to expect mortgage rates to come down despite signs that interbank lending is getting cheaper....

Skipton and Scarborough to merge

Wednesday, 24 February 2010 | News

Skipton and Scarborough building societies have announced plans to merge early next year, creating the fifth biggest society in the UK.

HBOS brands could be scrapped

Monday, 03 November 2008 | News

Lloyds TSB has refused to rule out scrapping the HBOS brand once it acquires the bank, but says the takeover deal continues to steam ahead.