Breaking UK News: personal finance news, mortgages, pensions, tax, personal loans, money, isa, savings, credit cards

New lenders enter buy-to-let mortgage market - Tue, 25 May, 2010
The buy-to-let sector is showing early signs of recovery, after two new lenders released mortgage products into the market. Precise Mortgages has teamed up with Legal & General to offer several ne [more]
Northern Rock unlimited savings guarantee expires - Mon, 24 May, 2010
Northern Rock's unlimited Government savings guarantee runs out today. Ministers have decided that, now the bank is out of immediate danger, it should be treated like any other bank. Savers are n [more]
Child Trust Funds scrapped by new Government - Mon, 24 May, 2010
Child Trust Funds, a flagship Labour scheme that started in 2002, are to be scrapped by the new coalition Government as part of the deficit reduction. Chancellor George Osbourne says that terminating [more]
Car insurance premiums still rising - Fri, 21 May, 2010
Car insurance premiums are still on the increase, new figures from the Office for National Statistics (ONS) have revealed. According to the findings, such policies rose by 6.3 per cent in April, maki [more]
Base rate not lowering interest - Thu, 20 May, 2010
The current base rate is not being reflected in the amount of interest customers are required to pay, it has been claimed. A recent study by Defaqto indicated that the average interest on personal lo [more]
Corporation tax cuts are still on says Osborne - Wed, 19 May, 2010
The UK's corporation tax rates will be the lowest amongst the G20 nations, according to the Chancellor, George Osborne. Speaking at the CBI this evening, Osborne said that the coalition governme [more]
Savers warned about online budgeting tools - Wed, 19 May, 2010
Savers using online budgeting tools have been advised that they may not be covered in the event of fraud. An increasing number of online banking customers are using such sites – known as aggreg [more]
Women not prioritising life insurance - Tue, 18 May, 2010
Many women in the UK do not consider life insurance to be a necessity, according to new research. A study by AXA Life indicated that over a third of respondents did not believe they needed such cover [more]
Overdraft charges hit record high - Mon, 17 May, 2010
Overdraft charges are currently at their highest level for ten years, according to recent figures. Research carried out by financial data firm Moneyfacts revealed that such payments have hit the reco [more]
Savers to be warned about interest rate cuts - Fri, 14 May, 2010
Savers will receive warning if interest rates are to be cut on their accounts, as part of new rules implemented by the Financial Services Authority (FSA). As from May 1st, customers must now be notif [more]
BoE decides on another base rate freeze - Thu, 13 May, 2010
The Bank of England has announced it is freezing interest rates, amid ongoing political uncertainty. It is thought that the fragile economic climate and current situation in government have been the [more]
Life insurance sales on the rise - Thu, 13 May, 2010
Aviva has recorded an increase in sales of life insurance policies in the second quarter of 2010. According to latest figures, revenue from life insurance and pensions in the UK stood at £2.5 b [more]
RBS to axe banking jobs - Wed, 12 May, 2010
The Royal Bank of Scotland (RBS) has announced it is to shed around 2,600 jobs over the coming year. Since being bailed-out by the government in 2007, the bank has attempted to dramatically cut its c [more]
One in three drivers not covered for misfuelling - Tue, 11 May, 2010
One in three car insurance policies do not cover damage caused by the wrong fuel, new research has found. According to a study carried out by the British Insurance Brokers’ Association (BIBA), [more]
Life insurance tip could save policy holders thousands - Mon, 10 May, 2010
People taking out life insurance could substantially cut their tax bill by being aware of a money-saving tip, an expert has said. Recent research commissioned by the Financial Times indicated that cu [more]
Tax policies could change experts warn - Fri, 7 May, 2010
Experts in the financial services industry have warned that there could be significant changes in tax policy following the election. It is thought that current rules on inheritance tax and capital ga [more]
Personal loan interest rates on the rise - Thu, 6 May, 2010
Interest rates on personal loans have significantly increased during the last three years, according to new figures. Such charges have continued to rise, despite the Bank of England dropping its base [more]
Investors urged to consider Brazil - Wed, 5 May, 2010
Investors could generate significant returns from the Brazilian market, an economist has claimed. Writing in the recent IRS Report, Chris Gilchrist notes that Brazil and India have advantages over Ru [more]
Currency exchange increase for sterling - Tue, 4 May, 2010
The UK currency rose against the dollar, with exchange rates indicating that £1 bought $1.537 as of 08:30 BST on April 30th. The euro also recorded an increase of just over half a percentage po [more]
Joint accounts proving less popular - Mon, 3 May, 2010
Joint accounts are becoming less commonplace for newly-wed couples, new research has suggested. A study conducted by Tesco Bank revealed that the modern couple now waits around two years before pooli [more]
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