News Archive - Articles Published during January 2009

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Merger Deal 'Will See More Mortgage Lending'
Co-op Financial Services & Britannia Building Society to Merge22 Jan 2009  |  by Peter Wakeford
A proposed merger between the Britannia Building Society and Co-operative Financial Services will lead to increased mortgage lending, the firms have said.

Scottish MP Launches Bank Notes Bill
Scottish MP Launches Bank Notes Bill22 Jan 2009  |  by Michael Ross
Scottish notes should be treated equally to those from the Bank of England, a new private member's bill states.

Mortgage Lending Drops Again
Mortgage Lending Drops Again22 Jan 2009  |  by Peter Wakeford
The latest figures from the Council of Mortgage Lenders show that mortgage provision dropped again in December, reaching its lowest figure since 2001.

British Gas Cuts Bills by 10%
British Gas Cuts Bills by 10%22 Jan 2009  |  by Jayne Davison
Changes to wholesale costs have helped to bring about the change.

A Third of Employees Change their Accent to Further Their Career
A Third of Employees Change their Accent to Further Their Career22 Jan 2009  |  by Charlotte Cardingham
With unemployment rising, competition in the job market is hotting up and potential-employees are having to go that extra mile to impress their would-be bosses.

Catholic Priests on Trial in $1million Embezzlement Case
Catholic Priests on Trial in $1million Embezzlement Case22 Jan 2009  |  by Charlotte Cardingham
Two priests are in court over allegations they stole almost $1million from parishioners.

Trade Gap Widens as Pound Plummets
Trade Gap Widens as Pound Plummets 22 Jan 2009  |  by Anthony J. Bounds
The amount of goods that the UK buys from abroad exceeded what is sold by a record £8.33 billion in November, sending the pound falling and reinforcing expectations of deepening recession.

£194,000  - The Cost of Raising a Child
£194,000 - The Cost of Raising a Child 23 Jan 2009  |  by Peter Wakeford
Parents are reducing their savings in order to provide for their family in the recession, it has been revealed.

Share Sale Clause Emerges in Barclays Contract
Share Sale Clause Emerges in Barclays Contract23 Jan 2009  |  by Michael Ross
Barclays' October agreement with Abu Dhabi investors will make it difficult for the government to part-nationalise the bank, it has been claimed.

UK Officially Enters Recession
UK Officially Enters Recession23 Jan 2009  |  by Michael Ross
The economy contracted by 1.5 percent in the last quarter, the biggest three-month drop since 1980.

BT to Up Landline Charges
BT to Up Landline Charges23 Jan 2009  |  by Jayne Davison
Telecoms giant BT is set to raise costs above inflation for its 14 million landline customers.

Downturn 'May Force Single Fibre Broadband Network'
Downturn 'May Force Single Fibre Broadband Network'23 Jan 2009  |  by Jayne Davison
A new report has suggested that the global economic downturn could mean that countries look to a single super-fast broadband network rather than creating a market.

Bank Charges Waiver Extended
Bank Charges Waiver Extended23 Jan 2009  |  by Peter Wakeford
The FSA has put back the date at which banks are obliged to deal with charge repayment claims, as the High Court case on the issue continues.

Possession Orders Double but Thousands Overpaying Mortgages
Possession Orders Double but Thousands Overpaying Mortgages23 Jan 2009  |  by Peter Wakeford
The number of possession orders in the UK has nearly doubled in year but one of the country's biggest lenders has revealed that thousands are taking advantage of low interest rates to overpay their mortgages.

Taxpayers Warned on Credit Card Charge
Taxpayers Warned on Credit Card Charge23 Jan 2009  |  by Peter Wakeford
UK consumers who plan to pay their tax bill by credit card have been warned that doing so will incur a charge of 1.25 percent of the total amount.

Britons 'Feeling More Sceptical About Savings'
Britons 'Feeling More Sceptical About Savings'23 Jan 2009  |  by Peter Wakeford
Rate cuts from the Bank of England have hit returns on savings over recent months.

Police Could Soon Control Stolen Cars Using Text Message
Police Could Soon Control Stolen Cars Using Text Message23 Jan 2009  |  by Charlotte Cardingham
Text message technology could soon be used by the authorities to stop car-thieves in their tracks.

4x4s Trend Detected by Car Insurance Firm
4x4s Trend Detected by Car Insurance Firm26 Jan 2009  |  by Mark Harris
The rise of the "Chelsea Tractor" - seen to be accellerating by new research - could have implications for car insurance claims.

RBS Directors 'To be Shown the Door'
RBS Directors 'To be Shown the Door'26 Jan 2009  |  by Peter Wakeford
A boardroom purge at the troubled bank will soon begin, according to reports.

Credit Card Cheques 'Massive No-No'
Credit Card Cheques a 'Massive No-No'26 Jan 2009  |  by Peter Wakeford
A consumer group has revealed that lenders are sending credit card cheques to consumers, potentially putting them at risk of debt or fraud.

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