Money News

Money news archive – November – December 2010

Browse our archive of news articles

Barclaycard offers longest ever 0% balance transfer credit card (31-12-10)

Move your credit card debt onto a new Barclaycard Platinum credit card and you will not have to pay interest on the balance transfer for 17 months...

New credit card rules mean fairer deal for you (29-12-10)

Credit card customers are to be given greater control over their accounts as new rules mean credit card companies will be more lenient and transparent from 1 January...

Compensation scheme to protect £85,000 of savings (23-12-10)

UK savers will now have up to £85,000 of their money protected under changes to the Financial Services Compensation Scheme (FSCS)...

Costly customer service calls pushing up phone bills (22-12-10)

The cost of calling your bank, broadband provider or energy company can exceed the £2 mark before you even get to speak to a real person, according to a new study by consumer champion Which?...
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Mortgage lending drops to new low in November (21-12-10)

Mortgage lending fell to its lowest November total for 10 years, dropping another 5% to just £11.1billion, according to the latest figures from the Council of Mortgage Lenders (CML)...

More homes will be repossessed in 2011 (15-12-10)

Stretched household finances mean that repossessions will rise in 2011 as the housing market stagnates...

25% of British households struggle with debt (14-12-10)

A quarter of British households are struggling with the "burden" of paying off their unsecured debts, a new survey from the Bank of England has revealed...

Lack of buyers “stifles” housing market (14-12-10)

House prices slipped further in November due to the lack of first-time buyers entering the market and tight lending conditions, according to the latest survey from the Royal Institution of Chartered Surveyors (RICS)...
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Pensioners given more freedom on how to spend their pensions (10-12-10)

Pensioners are finally free to do what they want with their pension savings, after the government outlines new laws on annuities...
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Base rate stays at 0.5% (09-12-10)

The Bank of England’s Monetary Policy Committee (MPC) has voted to keep the bank rate at its historic low of 0.5% until at least the beginning of 2011...
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Brits unaware of VAT rise and its consequences (07-12-10)

A fifth of people in the UK do not have a clue what VAT stands for, let alone that it is set to rise in January, shocking new research shows...
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1 in 10 Brits will switch banks in the New Year (30-11-10)

Consumers no longer feel loyal to their banks and as dissatisfaction with the quality of service rises, one in 10 will switch...
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Remortgaging back on due to attractive rates (24-11-10)

More and more Brits are looking to remortgage as the number of applications hits its highest level for 20 months...
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Brits more worried than ever about finances (23-11-10)

Money-troubled consumers desperately need help understanding financial products and services, says the Institute of Financial Planning...
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Double dip feared as mortgage lending hits 10-year low (18-11-10)

Home buying dreams put on hold as public sector cuts and student tuition fee worries put fear back into British households...
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Shock inflation increase in October (16-11-10)

Inflation unexpectedly jumped up again in October to a four month high of 3.2%, well above the Bank of England’s target of 2%...
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Virgin Money extends 0% balance transfer deal (15-11-10)

Virgin Money has extended the 0% introductory period on its balance transfer card from 14 to 16 months...
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Spike in borrowers looking to remortgage (12-11-10)

The number of people making enquiries about remortgages increased by 42% in October, according to experts...
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Santander opens up eligibility on fee-free current account (09-11-10)

Santander’s fee-free ZERO Current Account will soon be available to 60% of current account holders, according to the banking giant...
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Base Rate stays at 0.5% for 20th month (04-11-10)

The Bank of England has voted to keep the base rate at the historic low of 0.5% for at least another month despite high inflation...
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Get paid £100 to switch to Santander (03-11-10)

Spanish banking giant Santander has reintroduced its offer to pay people £100 when they switch their main bank account to a Santander current account...
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Alliance & Leicester to rebrand as Santander (01-11-10)

High street bank Alliance and Leicester is to disappear by the end of this month as Santander starts rebranding its branches from today...
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