Archive for September, 2011
Bank of England member calls for credit boost
Adam Posen, a member of the Bank of England’s interest rate-setting committee, has said the UK economy needs an instant credit boost.In a speech, he said the Bank should help the government to set up and fund a new bank to boost lending to small and medium-sized businesses. Mr Posen is the only Monetary Policy [...]
September 30, 2011
Tags: bank lending, Bank of England, bankers, banks, Credit Crunch, debt management plans, Quantitative Easing, recession, refinancing rates, UK loans rates, uk recession Posted in: Bank of England, Bankers, Banks, Business Finance, Credit Crunch, Debt Management, Finance, Interest Rates, Loans Calculators, Sovereign Debt, UK Loans Rates, Uncategorized, Unemployment 
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Consumers cautious on debt warn bankers
Consumers adopted a cautious approach to borrowing through loans, overdrafts and on credit cards in August according to the major bankers.Repayments on unsecured lending outstripped new borrowing in August by around £100m, figures from the British Bankers’ Association (BBA) showed. The data does reveal a lift in lending in home loans. However, lending remains subdued [...]
September 28, 2011
Tags: bank lending, bankers, banks, home loans, Loan calculator, loans rates Posted in: Bankers, Banks, Finance, Financial Services, Home Loans, Lenders, Loans Calculators, Loans Rates, UK Loans Rates, Uncategorized No Comments
Computer systems disrupts Halifax and Bank of Scotland banking services
Halifax and Bank of Scotland online customers have been unable to get full access to their accounts following a major IT system upgrade.The banks had warned of disruption while they worked on a new system over the weekend. However, customers reported they still could not see all the details of their accounts when they logged [...]
September 26, 2011
Tags: bankers, banks, debt management plans, Lenders, online banking, UK loans rates Posted in: Bankers, Banks, Finance, Financial Services, Lenders, Online Banking, Uncategorized No Comments
UK taking legal action against European Central Bank
The UK government is taking legal action against the European Central Bank (ECB) over a planned change to European banking rules that could harm the City of London.The ECB’s plans would require clearing houses that handle more than 5% of the market in a euro-denominated financial product to be based in the eurozone. The Treasury [...]
September 23, 2011
Tags: bank lending, bankers, banks, ECB, euro, eurozone Posted in: Bankers, Banks, Finance, Financial Services, Loans Calculators, Sovereign Debt, Uncategorized No Comments
Childcare costs put parents in debt survey concludes
Nearly a quarter of UK parents questioned in a survey by the Daycare Trust and Save the Children say the cost of childcare has put them in debt.The survey of 4,359 parents found 58% had cut spending on other essentials like clothing, heating and other bills. Nearly two thirds said they could not afford not [...]
September 21, 2011
Tags: borrowing, Credit Crunch, debt management plans, uk recession, unemployment Posted in: Credit Crunch, Debt Management, Finance, Loans Calculators, Uncategorized, Unemployment No Comments
Number of workless households fall slightly official figures show
The number of households where no adult aged 16 to 64 is in work has fallen slightly in the past year.The Office for National Statistics (ONS) said there were 3.88 million such households between April and June this year. That was 18.8% of all households and represented a fall of 0.3%, or 38,000, in the [...]
September 19, 2011
Tags: borrowing, Credit Crunch, finances, Loan calculator, unemployment Posted in: Bankrupcy, Credit Crunch, Finance, Loans Calculators, Uncategorized, Unemployment No Comments
Increase in unemployed graduates survey finds
Almost 28% of UK graduates who left university in 2007 were still not in full time work three and a half years later, figures have suggested.The figure, based on 49,065 graduate responses, includes about 21 % who were working part-time or studying and 3.5% who gave their response as “other”. However, the Higher Education Statistics [...]
September 16, 2011
Tags: bad debts, borrowing, Credit Crunch, student loans, unemployment Posted in: Borrowing Costs, Business Finance, Credit Crunch, Financial Services, Lenders, Uncategorized No Comments
Payment Insurance compensation backlog 97% cleared by banks
Banks have processed more than 97% of their huge backlog of complaints about payment protection insurance (PPI).After losing a High Court test case in April they were told to deal with 200,000 complaints which they had put on hold pending the hearing’s outcome. The Financial Services Authority (FSA) gave them until the end of August [...]
September 14, 2011
Tags: bank lending, bankers, banks, debt management plans, Loan calculator, loans Posted in: Bankers, Banks, Lenders, Loans Calculators, Uncategorized No Comments
Lloyds and RBS customers barred from using rivals’ ATMs
Customers of Lloyds TSB, NatWest and its parent, Royal Bank of Scotland, who have a “basic” current account can only use cash machines belonging to their own bank. Most current account holders can use any machine in the Link network. Basic bank accounts are aimed at people, often on low incomes, who would have difficulty [...]
September 12, 2011
Tags: bankers, cash machines, Credit Crunch, online banking, UK loans rates Posted in: Bankers, Bankrupcy, Banks, Finance, Financial Services, Online Banking, Uncategorized No Comments
Pocket money up after seven years bank finds
Pocket money for children has risen for the first time in eight years but only by 36 pence a week, the Halifax has found.The bank’s annual survey suggests that the average amount received by eight to 15-year-olds now averages £6.25 a week. That meant a 6% increase in the past year, but it was still [...]
September 9, 2011
Tags: bad debts, Credit Crunch, debt management plans, finances, recession, uk recession Posted in: Credit Crunch, Finance, Financial Services, Uncategorized No Comments
