Credit Cards - From the 'papers
6 July 2009 - £29 billion of transport spending could be cu
Weekly Financial News Roundup
Speculation surrounded mobile phone operator Vodafone, on Monday, after a report in the Financial Times suggested that it was interested in acquiring T-Mobile's business in the U.K., subject to approval by the regulatory authorities. Vodafone refused to be drawn on... More
15 September 2008 - End of an Era - Is Your Credit Card Facing Extinction?
Has the credit card had its day? Will you soon be using finger print technology or eye recognition to pay for your purchases? Experts believe that the credit card will have gone the route of the cheque within 5 years to make way for new technology. The sci-fi scenario of many films such as ... More
21 July 2008 - Flying High - Savings Account Interest Rates on the Up
For those of us who still have disposable income to stash away, prospects are the best they’ve been for seven years. In an attempt to tempt savers towards their own institution, banks and building societies are offering highly attractive interest rates on their top savings accounts.
Research by ... More
2 July 2008 - Black Mood as Consumer Confidence Continues to Fall
New surveys show that consumer confidence in the economy continues to fall, hitting its lowest level since 1990. The consumer confidence barometer produced by GfK/NOP is now only one point above its lowest ever level, which was –35 recorded in March 1990 at the height of the then recession. The ... More
23 June 2008 - A Christmas Spending Spree
Christmas is an expensive time of year. Even the traditional stocking, which once upon a time held not much more than a tangerine and a sixpence, now costs over £80 to fill. A survey of over 2,000 parents last year found that 60% of them planned to spend over £150 on their children, with 3% ... More
16 June 2008 - The Haves and the Have-Nots
Whilst the rich get richer, the poor struggle to survive, is an axiom that has applied for centuries. And it seems the Brave New World of the 21st century is no different to its forerunners. As the credit crunch begins to squeeze ever harder, those who have money to put aside are revelling in the ... More
9 June 2008 - Can’t Spend, Won’t Spend
Consumer confidence has hit a new low, with over three-quarters of consumers feeling now is not a good time to spend on things they either want or need. Figures released by the British Retail Consortium (BRC) show people feeling more pessimistic than ever about job prospects, personal finances and... More
27 May 2008 - Savvy Savers Opt For Safety
With financial uncertainty, the credit crunch and rapid price rises continuing to dominate the headlines, savings accounts are becoming more and more popular. Investors are opting for the safety of bank deposit accounts rather than risking the potential losses of the stock market. Despite the ... More
12 May 2008 - Does It Really Matter?
Contrary to the views of experts, many homeowners are actually hoping for house prices to fall. In the media, the general view of the crisis in the housing market is one of pessimism and doom. However, many ordinary people do not share these views, and think that a fall in the cost of housing ... More
28 April 2008 - The Dash for Cash
Plastic is no longer seen as fantastic; with the credit crunch biting ever deeper many consumers are abandoning their credit cards and turning to cash once more. In a survey of more than 17,000 shops, it was found that cash was used for more than 60% of the transactions and accounted for nearly a... More
24 March 2008 - Roller Coaster Week for Financial Markets
It has been a hang onto your seatbelts rocky ride through the financial world this week. With inflation up, sterling falling, more energy prices rises, shares up and down like yo-yos, and rumours affecting a major banking group, it is not surprising that the employer’s organisation, the CBI, has ... More
17 March 2008 - Don’t Drink or Drive Darling
Chancellor Alistair Darling’s first budget last week is being widely regarded as penalising those who like a drink and who enjoy driving large or fast cars, after he put up both car and drink tax. He increased taxes on drink by 6% and introduced a range of measures designed to steer motorists ... More
10 March 2008 - Storm clouds Loom for European Housing Market
A new report issued by the Royal Institution of Chartered Surveyors (Rics) has suggested that the European property boom may be over. Only Cyprus and Poland saw a rise in the growth of property values over 2007, with Ireland suffering the worst falls. According to the author of the report, Michael... More
3 March 2008 - Beware! Banks Can Be Bad For Your Health
A new report out by Cambridge University suggests that financial crises in a country can have a serious impact on its population’s health. Events such as the recent Northern Rock funding fiasco could lead to as many as 5,000 extra and fatal heart attacks. Experts examined a range of events ... More
11 February 2008 - Recession. What Recession?
Home owners heaved a collective sigh of relief this week as the Bank of England again cut interest rates, from 5.5% to 5.25%. As other bills grow ever larger, the quarter of a percent cut means that millions will be better off, with the monthly repayment on a typical 25 year £100,000 mortgage ... More
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