Money News in Brief: Time to Pull the Plug?
by from money.co.uk, 7 months ago

Switch off your lights, dust off your draft excluder and shut your windows. Energy Saving Week is back and bigger than ever before!

Money News in Brief: Time to Pull the Plug?

This year the Energy Saving Trust has teamed up with the Citizens Advice Bureau to host hundreds of events across the UK in a bid to promote energy saving.

With winter setting in and price rises on the way, now's the perfect time to make sure you're not wasting a drop of energy.

Even if you're an ardent energy saver, you might be surprised at the number of different ways you can cut your usage and slash your energy bills!

Try out our Action Plan: How to cut your utility bills for some handy tips for reducing your energy usage and saving money on your bills.

What else is happening?

New powers to suspend dodgy money lenders, debt collectors and debt advice companies could be on the way

The OFT is drafting proposals to allow them to suspend consumer credit licences with immediate effect if necessary to protect customers. The new powers are still subject to Parliamentary approval and could kick in at the beginning of next year.

Car insurance prices fell by 2.9% during the last quarter

The drop brought some relief to thousands of motorists across the UK. The latest figures from AA put the average policy at £844 per year, but it's not all good news. After a summer of floods and storms the price of buildings insurance has jumped by 2.4% to £181 with contents insurance up 1% to £242.

If you want super fast 4G services on your phone you'll have to pay at least £36 per month for the privilege

The cost of the new super-fast 4G mobile internet service has been unveiled by mobile operator EE with former Orange and T-Mobile customers having to pay £36 per month for a 4G data allowance of 500 MB per month. The 4G service will launch on 30th October, 2012.

People in the UK are increasingly reluctant to apply for loans

So say the latest statistics from the British Banking Association. The BBA announced this week that unsecured borrowing in the form of personal loans and overdrafts has fallen by 7.7% in the last 12 months.

Russian Oligarch Dr Viktor Vekselberg is the richest man in the world

That's following the sale of BP's stake in Tyumen Oil. Dr Vekselberg is now worth a staggering $18bn according to Bloomberg.

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