All the latest Financial News

We’ll bring you all the latest news from the financial sector, keeping you right up-to-date with everything you need to know regarding loans, financial products and services as well as anything else that might interest you.

Why are the Big Banks still letting us down?

The global banking crisis first began to truly hit home in the UK in 2007, as thousands of Northern Rock customers queued for hours to withdraw their savings. The bank had borrowed money to fund mortgages for its customers, then sold off the mortgages in the international markets. Eventually demand for secured mortgages inevitably fell, leaving Northern Rock with a shortage in capital, meaning that it needed to borrow money from the British government in order to balance the books. As the recession deepened into 2008 consumer confidence in banks went sour, as it was revealed that risk-buying was a large factor contributing to the scale of the credit crunch.

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Official Figures show UK productivity Remains Subdued

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Despite an improving economic outlook, productivity in the UK remains subdued, figures from the Office for National Statistics (ONS) show.

 

During the first three months of 2015, output per hour showed growth of 0.3%, but across the wider economy productivity actually fell. Read More »


Personal Loans for New Cars

Buying a car is a big purchase, so lots of research should be done to make sure the most cost-effective method is chosen.  Read More »


Budget 2015: How do the new rules affect your savings?

A pre-election Budget is normally filled with statements of the economy’s strength, and changes people in the street will notice. Differing from some of the news we discussed in Autumn Statement article back in Decemeber, George Osborne’s 2015 Budget unveiled a whole host of new policies, but are any of them meaningful enough to affect your savings?

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Does Greek mandate mean trouble ahead for UK households?

The consequences of the Greek electorate rejecting continued austerity measures, voting in the far left party Syriza led by Alexis Tsipras, are still being mulled over by EU member states, their governments and international institutions. Read More »


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