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Posted Fri, 19/03/2010 - 05:41

Claims management firm closed down by Ministry of Justice

Claims management firm closed down by Ministry of Justice

Thursday 18th March 2010

The Ministry of Justice, the government body which regulates claims management firms, has today announced that Cartel Client Review based in Manchester has had its authorisation suspended which will effectively close down the firm. This is a ... Full Story>>

Posted Mon, 15/03/2010 - 17:35

Consumer debt problems in the UK continue to grow

Consumer debt problems in the UK continue to grow

Monday 15th March 2010

The Consumer Credit Counselling Service has revealed a 25% increase in calls during 2009 to a record 335,000. However, while it is encouraging to see people making use of various debt advisory services it is concerning that just 25% of those ... Full Story>>

Posted Sun, 14/03/2010 - 06:04

Was the UK government right to offer a loan guarantee to GM Europe?

Was the UK government right to offer a loan guarantee to GM Europe?

Saturday 13th March 2010

The fallout from the UK government’s £270 million loan guarantee to GM Europe continues to grow with some experts concerned at the timing of the move. As we approach the next general election there are concerns we are entering an MG Rover type ... Full Story>>

Posted Tue, 09/03/2010 - 06:02

Tullet Prebon warns of sovereign debt default in 2010

Tullet Prebon warns of sovereign debt default in 2010

Monday 8th March 2010

Inter-dealer broker Tullet Prebon, which arranges trades between market participants, has today warned that it expects a second crisis to hit the worldwide economy in 2010 caused by sovereign debt defaults. This is an unwelcome reminder that ... Full Story>>

Posted Thu, 25/02/2010 - 07:15

Citizens Advice Bureau in demand

Citizens Advice Bureau in demand

Wednesday 24th February 2010

The Citizens Advice Bureau (CAB) took a massive 6.8 million inquiries last year as more and more of the UK population began to feel the financial pinch. This is a service in the UK which has for many years been neglected by consumers but ... Full Story>>

Posted Thu, 25/02/2010 - 06:55

Bank of England determined to increase credit liquidity in the UK

Bank of England determined to increase credit liquidity in the UK

Wednesday 24th February 2010

Over the last few months we have seen a number of financial initiatives from the UK government and the Bank of England as the authorities attempt to increase liquidity in the UK marketplace. However, so far UK banks have been unwilling or ... Full Story>>

Posted Mon, 22/02/2010 - 06:56

Paying off high interest debt first is vital

Paying off high interest debt first is vital

Sunday 21st February 2010

The majority of people in the UK are likely to have some form of mortgage, possibly a personal loan, credit card and perhaps an overdraft. While unlikely at the moment, many of us will at some point possibly come into money and have the chance ... Full Story>>

Posted Sat, 20/02/2010 - 07:36

Loan sharks alive and kicking in the UK

Loan sharks alive and kicking in the UK

Friday 19th February 2010

A 78-year-old "loan shark" today walked free from court despite the fact she had been found guilty of money lending without a licence, to the tune of £33,500. It is believed that interest rates in excess of 300% per annum were being charged to ... Full Story>>

Posted Sat, 20/02/2010 - 07:35

What is the US Federal Reserve playing at?

What is the US Federal Reserve playing at?

Friday 19th February 2010

Yesterday's announcement of an increase in the US Federal Reserve's emergency rate to 0.75% has prompted a number of discussions within the US and worldwide financial sector. The emergency rate is simply the rate that US banks are charged to ... Full Story>>

Posted Fri, 19/02/2010 - 21:09

Treasury considers adjustment to lending targets

Treasury considers adjustment to lending targets

Friday 19th February 2010

The revelation that 2009 saw the first drop ever in banking to business lending has created something of a quandary for the UK government and in particular the Treasury. It is well-known that the Royal Bank of Scotland and Lloyds Bank were ... Full Story>>