During the credit crunch and particularly in the aftermath of the recent recession, the Government in the UK has been placing pressure on the main high street banks, particularly those which have been privatised through government loans, to support small and medium sized businesses with banking facilities and particularly by offering business loans.
Despite this additional [...]
It is a well known and well documented fact that a growing number of individuals in the UK are struggling to cope with their finances following the recession, with many people are facing spiralling debts through personal loans and credit card bills.
But new research has found that although many people are out of control with [...]
The new Chancellor of the Exchequer, George Osbourne, announced yesterday in his first Mansion House speech that the Financial Services Authority (FSA) would be scrapped and the regulation of loans and other financial products would become the responsibility of the Bank of England. The new regulator will be called the “Consumer Protection and Markets Authority” [...]
The Bank of England base rate of interest for home owner loans and mortgages has now remained at the record low level of just 0.5 per cent for fifteen months, making many people’s loan repayments the lowest they have ever been.
Due to the fact that many borrowers have become used to such cheap loan repayments, [...]
Although many individuals in the UK see renting their home as a stepping stone to being able to afford a home owner loan or mortgage and owning their own property, a new survey has found that somewhere in the region of two thirds of private tenants are unlikely to buy their own home before 2015.
The [...]
Last Thursday (10th June) the Bank of England’s Monetary Policy Committee (MPC) voted to keep the Bank of England Base rate of interest for loans and savings at its record low level of just 0.5 per cent. The base rate has now remained at this low level for a total of fifteen months.
At the beginning [...]
Most parents want the best possible start in life for their children and as a result of this, a growing number of parents are looking to a private education, or University for their children in order to give them a better education.
Whilst this is an understandable and commendable attitude to take, this type of education [...]
