Banking
ALIL launches limited offer ‘bonus’ for tax deferral savers
Alliance & Leicester International Limited (ALIL), the Isle of Man based offshore savings bank, is offering consumers the chance to boost their savings and benefit from Tax deferral with a new bonus promotion on its International Deferred Interest Account (IDIA).
Alliance & Leicester offers tips on how to handle the Budget
With many of the detailed changes announced in the Budget having an impact on the running of a company, it is no wonder that research from Alliance & Leicester Commercial Bank has highlighted that only one in ten (11%) SME owners understand what the proposed changes will mean for them.
Almost half of Brits ‘financially overweight’
Almost half (46 per cent) of UK adults are ‘financially overweight’, with over ten per cent of people verging on ‘financially obese’ according to the new Lloyds TSB Bank Mass Index, developed by Professor Stephen McKay of University of Birmingham.
AMI: Bank of England liquidity measures
The Association of Mortgage Intermediaries (AMI) has responded to today's announcement by the Bank of England to extend its loan facility.
Could Northern Rock repay its loan in a year?
Northern Rock could be in a position to repay most of its loan from the Bank of England by early next year, according to analysis by New Star’s economist Simon Ward.
Do customers really get the headline rate on their current account?
Recent current account adverts boast sky high interest rates, but the Coventry urges people to check what they really get before deciding who to switch to.
Base rate lottery
In the space of just over a year we have seen three base rate increases followed by two base rate cuts.
Britain’s borrowings increase by £11 billion
Over the last year consumer borrowing soared to a three year high of £76.7 billion – an increase of over £11 billion compared to 2006, according to figures from Unbiased.co.uk, the Find an Independent Financial Adviser Search.
Fraud research reveals disturbing trends
Research by CIFAS - The UK's Fraud Prevention Service, reveals that more people are lying on application forms to obtain credit, insurance and other products; that they are getting into financial difficulty sooner; and are turning to fraud at an earlier age.
Enhanced intelligence unit created to aid fight against fraud
APACS, the UK payments association, has announced the creation of the Payment Industry and Police Joint Intelligence Unit (PIPJIU) as an integral part of the Dedicated Cheque and Plastic Crime Unit (DCPCU).
70 days of salary spent just to clear interest
New figures from Unbiased.co.uk, the find an independent financial adviser search, show that as a nation, we have worked the last 70 days solid to earn enough money just to service the interest on our credit card and loan debt, let alone re-paying the actual debt itself and thus Monday 10th March is hailed as Debt Freedom Day.
Credit unions on target for 10,000 current accounts
The number of current accounts operated by the country’s credit unions will soon reach 10,000 reveals the Association of British Credit Unions (ABCUL) at its annual conference in Blackpool this weekend.
Scottish Widows Bank reports strong growth for 2007
Scottish Widows Bank, the internet and telephone based mortgage and deposits bank, has announced its 2007 annual results, reporting profits before tax of £30.4m for the year.
RICS: March interest rate decision
Commenting on the Bank of England interest rate decision, Simon Rubinsohn, RICS chief economist said: "The Bank of England predictably left base rates on hold today. The RICS believes that this was the appropriate decision following the lowering in rates in both December and February.
Newcastle: MPC March interest rate decision
Steven Marks, lending executive at Newcastle Building Society, says: “It’s no surprise that the MPC has opted to hold rates at their current level, although the overall trend is still likely to be downwards, with one or two further cuts to come this year.