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Barclays Cutting up to 12,000 Jobs
Barclays has announced plans for up to 12,000 jobs to be cut in an effort to reduce costs. The move has attracted criticism however. At the same time, it was revealed that bonuses have been upped,...
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Lloyds to Boost Small Business Lending
The Lloyds Banking Group has announced that it intends to significantly boost the amount of money it lends to small and medium sized enterprises (SMEs). This year, it is planned that lending will...
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30 Million Customers to get new Mobile Payment Options
30 million bank customers will soon be able to make payments using little more than a mobile phone number following the launch of a new service. The Paym service will take effect on 29th April and...
View ArticleBiggest Mis-Selling Scandal to hit Banks Since PPI?
A new mis-selling scandal has rocked the banks relating to products known as swaps which are designed to provide interest rate protection. Some are suggesting that this could prove to be the biggest...
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New ISAs: How to transfer safely from stocks & shares to cash
The new super ISA regme which takes place on July 1st will allow investors for the first time ever to make a money transfer from shares and stocks into cash ISAs. However, this scheme must be treated...
View ArticleNew ISA Rules Boost Savings Deposits
According to major High Street banks, July saw a significant increase in the total value of savings deposits. The rise is being attributed to the introduction of the New ISA (NISA) rules first...
View ArticleISA’s & Interest Rates
To maximise your savings, many financial advisers recommend ISA’s Such Individual Savings Accounts (ISA) are tax free savings where a wide range of investments (cash, stocks, shares, etc.) can be...
View ArticleUK Banks Must Prove They can Withstand Another Slump
This year’s banking stress tests from the Bank of England will introduce a new element not seen on previous occasions. This year, the stress tests will require the banking industry of the UK to prove...
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Government Borrowing Drops to £6.8 Billion
The most recent official figures show that UK government borrowing fell in April to a level of £6.8 billion. This is a significant year-on-year drop, with the figure standing at £9.3 billion in April...
View ArticleMPs to get 10% Pay Rise
The Independent Parliamentary Standards Authority (IPSA) has confirmed that MPs will receive a 10% increase in their salary. The annual pay of an MP will increase by almost £7,000, rising from the...
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Mortgage Lending in Recovery
Lending for UK home purchases is bouncing back from a recent dip, according to the latest data. Mortgage lending so far this year, across just the first eight months, has exceeded total annual lending...
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Decisions for the Bank of England as Mortgage Debt Rises
Setting off further suggestions that the Bank of England might have a long awaited interest rate rise in 2016, a recent report states that mortgage debt has risen for the average household to £85,000....
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Gap in UK House Prices Increases
The gap between house prices in England and those in the rest of the UK has grown significantly wider over the past year, according to recent statistics. In the year leading up to the end of January,...
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Long Term Mortgages: Buyer Beware
Whereas it used to be 25 year mortgages – now 40 year mortgages are becoming increasingly popular. Longer term mortgages are becoming popular, increasingly amongst the young and first time buyers. It...
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