The Bank of England has just announced an interest rate cut of 1.5%, bringing the rate down to 3%. This should be great news for the man or woman on the street. However it seems that the High Street banks are unwilling to pass this reduction on to its customers.
I’ve been checking out one of [...]
With the release of unemployment figures for Scotland showing 124,000 out of work, an increase of 18% since June, and news that housing sales have dropped by 44% ,while prices have dropped by 4%, I think it is safe to say that Scotland is teetering on the edge of the abyss. Recession is no longer [...]
According to a report in ‘The Scotsman’ pensioners in Scotland are missing out on unclaimed financial aid to the tune of £575million. The figures suggest that around 125000 pensioners do not claim housing benefit, 180000 do not claim council tax benefit and 150000 do not claim pension credits. The question that immediately springs to mind [...]
Sir Victor Blank annouced today an unprecedented merger deal between Lloyds TSB and HBOS, at a cost to Lloyds of £12billion pounds. It is a sign of the extraordinary circumstances surrounding this event that Lloyds has been able to buy out a much larger rival bank, and create a mega-bank that would normally have the [...]
Put 5000 bankers in a big circle , with no chairs in the middle, and get a fat lady to sing the following words to the tune of a well known sea shanty:
“what can you do with a sunken banker?
what can you do with a sunken banker?
what can you do with a sunken banker, now [...]
The tour operator XL has gone into administration at 1.00am[UK time], leaving around 90,000 passengers stranded abroad. According to the administrators, Kroll, the company was falling apart over the last ten weeks and yet the workforce were not told and passengers were still booking at the start of this week. In fact the administrator just [...]
You cannot turn on the tv these days without someone mentioning the rising fuel costs, but do you regard yourself as fuel poor?
It seems that many people are unaware, or not prepared to admit, they are suffering from fuel poverty – yet almost 20% of UK citizens live in poverty. If your household income is [...]
