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

'Generation Rent' facing being frozen out of home ownership - Wed, 19 Jun, 2013
Housing charity, Shelter, has said that the dearth of affordable homes in England could see a whole generation of people locked out of the housing market and unable to afford their own homes. The ch [more]
Average house price tops £250,000 for the first time - Tue, 18 Jun, 2013
The average asking price for a UK home has exceeded £250,000 for the first time, according to figures published by property site, Rightmove. Analysis of the site’s data for this month fo [more]
Job security raising sentiments over household finances - Mon, 17 Jun, 2013
New figures have shown that increasing positivity about job security among the British workforce is making households feel more confident about their finances than three years ago. Research publishe [more]
More than 1m over-65s remain in workforce - Thu, 13 Jun, 2013
New figures from the Office for National Statistics (ONS) have shown that there are now more than 1 million people over the age of 65 in the British workforce. The figures showed that around 615,000 [more]
Capital One launches new credit card for holidaymakers - Wed, 12 Jun, 2013
Credit card company, Capital One, has launched a brand new card aimed at people who want to make sure they are not stung by fees when they are abroad. The brand’s new Aspire World credit card [more]
TUC launches campaign to tackle falling pay - Tue, 11 Jun, 2013
The Trades Union Congress (TUC) has launched a campaign aimed at reversing the shrinking pay packages of the average British workforce. Research carried out by the trade union body has shown that the [more]
More universities ban payday lending advertising from campuses - Mon, 10 Jun, 2013
The National Union of Students (NUS) is encouraging universities across the UK to ban advertising for payday lenders from their campuses. Three more universities – the University of Northampton [more]
'Innovative' companies face more financial hurdles - Fri, 7 Jun, 2013
Companies with innovative ideas are more likely to face funding hurdles that those with less innovative business plans. A study, conducted by the Big Innovation Centre and the Work Foundation, has f [more]
Personal loans hit a record low at 4.9 per cent - Thu, 6 Jun, 2013
Personal loans in the UK have now hit a record low with a loan rate of 4.9 per cent being offered to borrowers. Hitachi, the financial arm of a large Japanese organisation, has made the latest move i [more]
Equity release provides hope for interest-only victims - Wed, 5 Jun, 2013
New equity release plans from high street banks may provide a way out for thousands of people trapped by interest-only loans. Two major high street banks are close to launching their new deals that a [more]
Older people struggling to pay off a lifetime of debts - Tue, 4 Jun, 2013
A study has shown that more than 1.1 million older people are struggling to pay off debts as the generation who relied on credit cards and mortgages begins to reach retirement. The "baby boome [more]
OFT 'ineffective' in tackling payday lenders - Mon, 3 Jun, 2013
A Parliamentary committee has accused The Office of Fair Trading (OFT) of being ineffective and timid in its failure to crack down on payday lenders. The Public Accounts Committee (PAC) has accused t [more]
Millions of credit applications rejected over past year - Fri, 31 May, 2013
Some 1.6 million personal loan applications and 1.2 million credit card applications have been rejected over the last year, according to new research carried out by the Debt Advisory Centre. The res [more]
Claims only made against a tenth of PPI plans so far - Thu, 30 May, 2013
The Financial Ombudsman Service (FOS) has said that only a tenth of payment protection insurance (PPI) policies that we sold have resulted in complaints, meaning that there are many customers who coul [more]
People dipping into their estates to help family members - Wed, 29 May, 2013
Increasing numbers of retirees and people approaching retirement are dipping into funds that they planned to leave as inheritance in order to provide immediate financial assistance for their families. [more]
Research shows payday loan industry not making good on reform - Tue, 28 May, 2013
Citizens Advice has said that the payday loan industry has broken a series of promises to reform their industry and are still lending to vulnerable people without limiting measures in place. The cha [more]
Basic money habits learned by age seven - Fri, 24 May, 2013
The Money Advice Service (MAS) has said that children’s financial habits and attitudes towards money are formed by the age of just seven. The government-backed service said that the results of [more]
Individuals' tax haven money could end extreme poverty twice - Thu, 23 May, 2013
Global governments are losing out on around £100 billion in revenue from individuals who keep their personal wealth in tax havens, according to new figures from Oxfam. The charity has said tha [more]
One in ten households have assets worth £1m or more - Wed, 22 May, 2013
New research has found that nearly one out of ten British households now has total assets that exceed £1 million in value. The information has been published in a new book based on research car [more]
Young people keen on auto-enrolment - Tue, 21 May, 2013
The National Association of Pension Funds (NAPF) has said that young people are opting in to workplace pension schemes at an unprecedented rate. The organisation has said that its research has shown [more]