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Savings

A complete archive of all our Savings news and articles

Government betters borrowing target for 2013/2014, says Office for Budget Responsibility

The Treasury was given a huge boost over its performance in the financial year to April, as the Office for Budget Responsibility revealed that they borrowed £107.7 billion during 2013/2014, substantially lower than the £115.1 billion the year before.

23 Apr 14 Read More

Business lending falls by half a billion during three months to February, says Bank of England

The total amount of money lent to businesses across the UK by banks and building societies fell by a substantial £0.5 billion in the three months to February this year, according to research released by the Bank of England on Tuesday.

22 Apr 14 Read More

Welfare reforms have been success, even for the disabled, says Duncan Smith

The government’s overhaul of the welfare system, including the reforms made to the disability benefit have been a success, the work and pensioners secretary has identified.

9 Apr 14 Read More

ONS measuring reforms to send savings ratio and growth forecasts soaring

The Office for National Statistics are set to change the manner in which they measure and gauge economic performance so that it is in accordance with global accounting standards, in a move that will send the country’s saving ratio soaring straight away.

8 Apr 14 Read More

Pensioners to be given £25 weekly boost from 2015

Pensioners will be able to purchase state pension top ups as high as £25 each week from autumn next year, as part of a government scheme to compensate individuals who retire before April 2016, and subsequently will miss out on the new higher state pension.

3 Apr 14 Read More

Mobile banking ‘revolution’ has taken place, says British Bankers Association

The UK has undergone a mobile banking ‘revolution’, with the number of people utilising their smart phones and mobile devices for day-to-day purposes doubling in the past year, the British Bankers Association has identified.

1 Apr 14 Read More

Pension management fee cap set for implementation from 2015

Pension suppliers will have a cap placed on the fees they can charge for management services from April 2015, Pension Minister Steve Webb has identified.

28 Mar 14 Read More

Chancellor Osborne accused of giving UK’s biggest banks ‘secret tax cut’

The UK’s major lenders are set to be given a tax cut that is forecasted to be worth hundreds of millions of pounds, under planned modifications to the bank levy that have been incurred due to frequent complaints by the industry about disproportionate obligations on domestic institutions.

24 Mar 14 Read More

Extended HMRC powers are ‘seriously draconian’, says ACCA

New powers that have been provisionally allocated to the HM Revenue and Customs that enables them to access personal bank accounts and forcefully recuperate outstanding tax balances are ‘seriously draconian’, a prominent accountancy organisation has argued.

24 Mar 14 Read More

Ukraine crisis could send commodity prices soaring, warns Bank of England

The UK could be faced with a sharp rise in significant commodity prices and a rise in the value of the pound, if the political crisis in Ukraine remains unresolved, key Bank of England policymakers have identified.

19 Mar 14 Read More

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