News
News Archive
June 2008
In our news section, you can find online news articles relating to UK & world finance and economy. This is a free to use resource and if you can't find the information you're looking for, why not try the search option at the bottom of the page.
Consumers facing higher payments on loan debt - 30/06/08
Britons looking to take on loan debt are being hit by increasingly higher repayment rates, a new survey has shown
Britons looking to take on loan debt are being hit by increasingly higher repayment rates, a new survey has shown
10,000 more City jobs to go - 30/06/08
As many as 10,000 more jobs could go in the City as the economic slowdown and credit crunch bite financial services
As many as 10,000 more jobs could go in the City as the economic slowdown and credit crunch bite financial services
HSBC fees hitting debt-struck homeowners - 27/06/08
HSBC is hitting debt-hit homeowners with huge arrangement fees for its so-called rescue mortgages
HSBC is hitting debt-hit homeowners with huge arrangement fees for its so-called rescue mortgages
Economic growth halves in first quarter - 27/06/08
UK economic growth fell by half in the first quarter of 2008
UK economic growth fell by half in the first quarter of 2008
Rise in IVAs recorded as consumers struggle with debt - 26/06/08
Increasing numbers of homeonwers are taking out Individual Voluntary Arrangements (IVAs), in a further sign that problem debt is on the rise
Increasing numbers of homeonwers are taking out Individual Voluntary Arrangements (IVAs), in a further sign that problem debt is on the rise
HMRC data loss a 'cultural' problem - 25/06/08
The loss of discs with details of 25 million people was due to "cultural" failings at HM Revenue & Customs
The loss of discs with details of 25 million people was due to "cultural" failings at HM Revenue & Customs
Energy suppliers urged to help debt-hit consumers - 24/06/08
Energy companies should act to relieve the burden of price hikes on debt-hit Britons, according to a price comparison site
Energy companies should act to relieve the burden of price hikes on debt-hit Britons, according to a price comparison site
Barclaycard faces £50K silent calls fine - 24/06/08
Barclaycard may be fined up to £50,000 for continued silent calls made to customers
Barclaycard may be fined up to £50,000 for continued silent calls made to customers
Cable: Property crash 'worse than forecasts' - 24/06/08
The UK economy is set to tough times, worse than many mainstream predictions, Liberal Democrat shadow chancellor revealed
The UK economy is set to tough times, worse than many mainstream predictions, Liberal Democrat shadow chancellor revealed
Spending-happy Brits adding to credit card debt - 23/06/08
Despite signs of an economic downturn, fears are rising that Britons are piling on credit card debt, with the news that consumer spending rose during May
Despite signs of an economic downturn, fears are rising that Britons are piling on credit card debt, with the news that consumer spending rose during May
New Rock chief to step down - 23/06/08
The new chief of Northern Rock – appointed by the government in February – is set to step down from his post
The new chief of Northern Rock – appointed by the government in February – is set to step down from his post
Businesses call on government to scrap diplomas - 23/06/08
The CBI has described the government's plans for academic diplomas to replace the current A-level system as an "unnecessary distraction"
The CBI has described the government's plans for academic diplomas to replace the current A-level system as an "unnecessary distraction"
Rightmove: Asking prices down 1.2% - 23/06/08
Property in the UK has seen asking prices continued to decline during June, according to the latest research from website Rightmove
Property in the UK has seen asking prices continued to decline during June, according to the latest research from website Rightmove
Higher energy bills set to squeeze debt-hit households - 20/06/08
Consumers have been warned to expect a 40 per cent hike in gas and electricity costs this year, as increasing living costs continue to put pressure on debt-hit Britons
Consumers have been warned to expect a 40 per cent hike in gas and electricity costs this year, as increasing living costs continue to put pressure on debt-hit Britons
High housing costs driving Brits to desperate measures - 19/06/08
Debt-hit Britons are turning to increasing desperate ways to meet their mortgage repayments, a report has revealed
Debt-hit Britons are turning to increasing desperate ways to meet their mortgage repayments, a report has revealed
UK economy not a 70s throwback, Darling insists - 19/06/08
The chancellor has insisted the UK economy is not in danger of returning to the dark days of the 1970s
The chancellor has insisted the UK economy is not in danger of returning to the dark days of the 1970s
Lloyds TSB to reunite customers with cash - 18/06/08
Lloyds TSB is launching a campaign to try and unite customers with approximately £69 million held in unused accounts
Lloyds TSB is launching a campaign to try and unite customers with approximately £69 million held in unused accounts
Job cuts set to worsen conditions for debt-hit Brits - 17/06/08
Thousands of Britons in the service and construction industries will lose their jobs every month this year placing extra pressure on households already struggling with higher payments on mortgage debt and the soaring cost of living, it has been predicted
Thousands of Britons in the service and construction industries will lose their jobs every month this year placing extra pressure on households already struggling with higher payments on mortgage debt and the soaring cost of living, it has been predicted
More die at work than murdered - 17/06/08
At least twice as many people die from fatal injuries at work than are victims of homicide, a report claims
At least twice as many people die from fatal injuries at work than are victims of homicide, a report claims
Inflation fears push up inflation - 16/06/08
Inflation could spiral if the public fears rising prices will storm out of control, the Bank of England warned today
Inflation could spiral if the public fears rising prices will storm out of control, the Bank of England warned today
Brits taking action to cut debt levels - 13/06/08
Debt-hit Britons are cutting back on spending as soaring living costs begin to cut into their finances, new data has shown
Debt-hit Britons are cutting back on spending as soaring living costs begin to cut into their finances, new data has shown
Spike in unemployment figures fuels fresh fears for debt-hit Brits - 12/06/08
Debt-hit Britons have been dealt a further blow by figures which suggest that the labour market is weakening
Debt-hit Britons have been dealt a further blow by figures which suggest that the labour market is weakening
HBOS shares fall below rights issue price - 12/06/08
Shares in HBOS fell sharply yesterday afternoon on the London Stock Exchange, dropping below the rights issue price set by the lender
Shares in HBOS fell sharply yesterday afternoon on the London Stock Exchange, dropping below the rights issue price set by the lender
Overdraft fees adding to debt problems, claims finance site - 11/06/08
Millions of Britons are adding to their debt problems by regularly going overdrawn without permission, a survey has shown
Millions of Britons are adding to their debt problems by regularly going overdrawn without permission, a survey has shown
Brits feel pinch of higher rates on credit card debt - 10/06/08
Britons who come to the end of their the zero per cent term after transferring their credit card debt are being hammered by increasingly higher rates of interest, new research shows
Britons who come to the end of their the zero per cent term after transferring their credit card debt are being hammered by increasingly higher rates of interest, new research shows
Energy hikes deal fresh blow to debt-hit consumers - 09/06/08
Energy prices are set to rise again over the next twice months, in the latest blow to consumers struggling with higher credit card debt and loan repayments and soaring food prices
Energy prices are set to rise again over the next twice months, in the latest blow to consumers struggling with higher credit card debt and loan repayments and soaring food prices
Insurers predict surge in debt if PPI is reformed - 06/06/08
Revamping the way loan protection insurance is sold could force thousands of vulnerable Britons into debt, it has been claimed
Revamping the way loan protection insurance is sold could force thousands of vulnerable Britons into debt, it has been claimed
Borrowers urged to consider debt consolidation loans - 06/06/08
Consumers struggling with debt should consider a consolidation loan to help them manage their money more effectively, a credit rating agency has recommended
Consumers struggling with debt should consider a consolidation loan to help them manage their money more effectively, a credit rating agency has recommended
Bank holds interest rates again - 05/06/08
The Bank of England has continued its freeze on interest rates – keeping the base rate at five per cent
The Bank of England has continued its freeze on interest rates – keeping the base rate at five per cent
Voluntary code for broadband providers - 05/06/08
Broadband providers have been asked to sign up to a new industry code to provide more honest internet speeds to customers
Broadband providers have been asked to sign up to a new industry code to provide more honest internet speeds to customers
Debt worries mounting for borrowers - 04/06/08
Britons are becoming increasingly worried about their ability to manage their debt, a survey has revealed
Britons are becoming increasingly worried about their ability to manage their debt, a survey has revealed
Debt levels poised to skyrocket as cards become more costly - 03/06/08
Credit card companies are continuing to make borrowing money more expensive, fuelling predictions that consumer debt levels will soar this year
Credit card companies are continuing to make borrowing money more expensive, fuelling predictions that consumer debt levels will soar this year
Climate law should cover all industries, firms say - 03/06/08
Two thirds of UK businesses believe leaving the aviation and shipping industries out of a new climate change law would be a mistake, a survey from an environmental campaign group has revealed
Two thirds of UK businesses believe leaving the aviation and shipping industries out of a new climate change law would be a mistake, a survey from an environmental campaign group has revealed
Workplace diversity saves firms cash - 03/06/08
Promoting diversity in the workplace can save businesses thousands, a report from employers' organisation CBI and the Trades Union Congress (TUC) suggests
Promoting diversity in the workplace can save businesses thousands, a report from employers' organisation CBI and the Trades Union Congress (TUC) suggests
Banks raided by OFT over price-fixing - 02/06/08
The Office of Fair Trading (OFT) has carried out a series of raids at Barclays and the Royal Bank of Scotland over loan price-fixing allegations
The Office of Fair Trading (OFT) has carried out a series of raids at Barclays and the Royal Bank of Scotland over loan price-fixing allegations
Higher bills fuelling rise in credit card debt, retailer claims - 02/06/08
Increasing numbers of debt-strapped consumers are using credit cards to pay household bills, according to the chief executive of Debenhams
Increasing numbers of debt-strapped consumers are using credit cards to pay household bills, according to the chief executive of Debenhams
Savings robust as credit squeezed - 02/06/08
Saving levels at UK building societies have hit new highs the global credit crisis endures
Saving levels at UK building societies have hit new highs the global credit crisis endures
