Money News in Brief: How Much Does Yours Cost?
by from money.co.uk, 8 months ago

Free banking is a myth!

Money News in Brief: How Much Does Yours Cost?

That's according to consumer body Which? who've found that some people are paying up to £900 a year in fees on supposedly free current accounts.

With many banks still levying significant overdraft fees it is very easy to rack up the charges if you're not careful about what you're spending and when.

However, if you're realistic about the way you manage your finances, smart about the way you spend and clever with the current account you choose, keeping your banking fee-free is still very possible.

Use our Action Plan: How to get the best current account to find out what makes your perfect bank account.

You can then compare your options and find an account that suits with the help of our current account comparison.

What else is happening?

Super-fast 4G mobile internet will be available for the first time from September.

It will be rolled out by the Everything Everywhere network that comprises Orange and T-mobile to start with, although other providers will start to offer it next year.

Once it's live, those with a 4G compatible smartphone or tablet will be able to benefit from downloads that are around 10 times faster than 3G.

The NHS brand could be sold abroad to raise much-needed cash for the underfunded health service.

This would mean private NHS-approved clinics in far flung destinations of the globe.

While the proposal has caused a fair amount of uproar, given a number of NHS Trusts already run successful private clinics overseas it's likely that the controversial plan will get the go-ahead as long as it can be made to work logistically.

Apple now stands as the world's most valuable company - ever!

Its £397 billion market worth has knocked Microsoft off the top-spot, and the impending launch of the iPhone 5 is only expected to do more to boost the company's value.

The government borrowed £557 million in July, a worrying figure given Treasury coffers were expected to be in surplus.

The unexpected figure is largely due to a fall in corporation tax receipts - a revenue generator that's typically strong at this time of year.

Social housing in costly areas could be sold-off to finance new builds elsewhere

If recommendations from a government think tank are followed.

While the proposals have received overwhelming support from some, others have described them as tantamount to social cleansing.

Get our free money saving newsletter
Join over 480,000 other subscribers who grab our expert money tips, unmissable money guides & hottest bargains each week in our special email...
Join Our Community

Get fast answers to your money questions, Expert insight, top tips & much more...