Britain’s economy is slowing according to figures for the three months up to July, showcasing why firm control of spending is required.
The National Institute of Economic and Social Research said a lack of industrial output was to blame for the slowdown – growth was at its slowest rate for a year.
According to the think tank, […]
The increasing number of older workers in the UK has prompted many companies to assess their pension schemes, according to new research.
Some 1.13 million people are in work aged 65 or over and that figure is expected to rise in the coming years.
This is leading companies to consider an overhaul of their pension and benefit […]
From September this year, millions of London Underground passengers will be able to access the network using only their bank card.
As long as their credit, debit or prepaid card is set up to enable contactless payment, they will be able to access the services provided by Transport for London (TfL).
All tube users will need to […]
The number of mortgage approvals in the UK leapt by 8% in June – the first rise in five months following the introduction of more stringent borrowing tests.
According to the Bank of England, mortgage approvals totalled 67,196 in June, up from a month previously and above forecasts of 62,600.
This counters reports of a stuttering housing […]
Sometimes thinking of gift ideas for people can be an incredibly difficult procedure – especially in cases where the people concerned have not asked for anything in particular.
From birthday gifts to an alternative wedding present, there is a way to give without the associated struggle of finding the right item.
This reduces the likelihood of someone […]
Bank of England governor Mark Carney has expressed concerns that holding interest rates at a record low for too long could be damaging.
He said it encourages households to take on unaffordable levels of debt and said the Bank would act accordingly if it felt this issue was spiralling out of control.
Concerns over the potential for […]
Britain’s inflation rate increases hit a five-month high in June, after the consumer price index rose to 1.9% following rises in food and clothing prices.
While the rising rate has fuelled speculation that interest rates could also be set to increase, there is little sign yet of such a move by the Bank of England.
The figure […]
Post-recession Brits are wising up to the merits of putting a little aside to cover those unforeseen expenses. Figures from the Halifax show that savvy savers in the UK topped up their savings pot to the tune of £803 in the three months to July.
And when it comes to Brits’ savings priorities it seems that […]
Summer is the season of getting out and about and taking part in activities that help you make the most of the glorious summer sunshine.
And with summer wardrobes to organise and holidays to plan, many of us will be heading out on a shopping trip or two to ensure that we have everything we need […]
Interest rates in the UK are to be maintained at a record low of 0.5% for another month, the Bank of England has announced.
At the same time, the Bank’s quantitative easing plan was also left unchanged at £375m following a meeting of Bank officials.
Governor Mark Carney has hinted that rates could increase later this year […]