Finance News

UK Retail Sales Helped By Big Price Cuts

UK consumer spending was up last month according to recent figures. Retailers felt the need to reduce prices as retail spending has been hit hard by the credit crunch... Read More

UK Property Owners At Risk Of Being Underinsured

A recent report by Norwich Union reveals most buildings are underinsured. This can have an economic impact on property owners in case they may need to make a claim on their insurance... Read More

ABI Publishes Results Of Customer Impact Survey

Customer Impact Survey by the Association of British Insurers reveals a high percentage of customer satisfaction regarding overall treatment by the industry... Read More

Profits Down By 30% For Alliance And Leicester

Another UK bank shows a reduction in profits. Alliance and Leicester expects 2008 to be a 'rocky year' whilst feeling the impact of the credit crunch... Read More

New Mothers To Receive Finance Guide

The UK's financial watchdog, the FSA, is setting forth to provide every new mother with a finanical planning guide offering information on topics such as maternity leave, child trust funds, and childcare... Read More

Mortgage Lenders Set To Pull Plug On 125% Mortgages

Arguably, the UK credit crunch could be regarded as a time for Brits to consider how they borrow. Many mortgage lenders are now discontinuing 100% and 125% mortgage products... Read More

UK Tops The Charts For Credit Cards In Europe

Even though Britain is feeling the tightening of the credit crunch, we're still a nation who regards credit cards as borrowing tools. It's no surprise that the average UK consumer hold more cards than European counterparts... Read More

Prime Minister Under Attack Following Nationalisation Decision

Prime Minister Brown is under heavy criticism for his decision to nationalise Northern Rock. Shareholders risk losing during nationalisation and the main shareholders threaten legal actions... Read More

Lenders Increase Rates On Tracker Mortgages

Research is showing that whilst the Bank of England lowers the base rate, many tracker mortgages move increase which is the opposite purpose of a 'tracker' product. Will banks adjust?... Read More

Northern Rock Revises Bid Offering Government 10% Stake

Northern Rock management offers the Government a 10% equity share in the bank's recovery in an attempt to beat Virgin Group's bid. Large shareholders believe the best route is to stay 'independent' ... Read More