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Latest financial news and articles

You don't have to be a money expert to stay in the know with what's happening in the world of finance. Our constantly updated news section provides bite-sized details of key facts, figures and changes.

Diesel Drivers could be subjected to greater costs as Boris Johnson tackles high levels of pollution

Those who drive cars powered by diesel fuel could suffer extra costs and new taxes, as the Mayor of London releases proposals to combat excessively high air pollution levels in London and the rest of the UK. A charge, roughly amounting to £10, will be piled on top of the £11.50 congestion charge for drivers of diesel-fuelled cars seeking to come into central London. Charging Diesel car owners has long been in the mind of Boris Johnson, as highlighted by his reference to it in previous plans pertaining to his concept of an ultra-low emissions zone.

30 Jul 2014 Read More

Electricity bills to be reduced by £12 a year, says Ofgem

Energy regulator, Ofgem, has laid out plans which will reduce domestic energy bills by £12 a year. Seeking to control the amount afforded to the UK’s electricity network, the energy watchdog has allocated £17bn to the reform of the nations’ electricity distribution system. This princely sum is intended to aid the upkeep of power networks over an eight year period commencing in April 2015.

30 Jul 2014 Read More

“Poor Doors” in the Capital's housing developments a highly controversial issue – Boris Johnson apathetic on the matter

Poor doors have become an increasingly controversial issues in recent times, with the majority of people considering them to be a regressive move which would exacerbate the disparity between the wealthy and not so wealthy.

29 Jul 2014 Read More

Put Bankers under Oath due to financial crisis – Banking Review plot thickens

Pressure to change the dynamic within the banking industry reached a new high this week, as the leader of the review into banking standards revised his initial decision to reject the proposal – a regulatory measure - concerning whether bankers need to take oaths or not.

29 Jul 2014 Read More

Number of Prospective House Buyers drops due to threat of rising interest rates and house prices - say Halifax

The number of people seeking to buy homes is swiftly diminishing due to a range of factors including spiralling house prices, exorbitant deposits and the threat of rising interest rates, according to a survey from Halifax.

28 Jul 2014 Read More

Local Authorities calls for 'Tesco Tax' on large Supermarkets for Community Investment – British Retail Consortium slam idea

Local Authorities have called for the Government to sanction plans enabling them to place a levy on supermarket giants.

28 Jul 2014 Read More

Spiralling Rental Costs inhibiting young people from climbing onto Property Ladder

There is growing public clamour for government to tackle the overpriced rental sector, as fresh figures have shown that housing costs for tenants are eating up the majority of their incomes. As such, they are toiling in their efforts to save for homes of their own, giving added weight to fears that rocketing rental prices are “trapping” a large cohort of young people.

25 Jul 2014 Read More

Motor Insurers reduction in Premiums a cheap trick – Stealth Charges seep into Insurance Policies, say Which?

Motor Insurers have recently been lauded by drivers up and down the country for, what was perceived as, a reduction in the cost of premiums, which led to mass savings for households throughout the UK. In actuality, insurance distributors have been sneakily swelling a multitude of motor insurance policy-related costs by up to 200% within the past 3 years, fresh data from consumer group, Which? has shown.

25 Jul 2014 Read More

A third of workers will fall into the higher tax bracket by 2033, according to Office for Budget Responsibility

A third of workers, numbering in excess of ten million, will burst through the 40p threshold by 2033, as the currently higher tax rate is normalised for a significant proportion of society, according to fresh analysis from the Office for Budget Responsibility (OBR).

24 Jul 2014 Read More

FCA encouraged to crack down on lenders in the face of Interest Rate Rises – renowned Think Tank releases 10 point plan

The looming interest rate rises must be guarded against, otherwise the indeterminable financial peril the UK could be plunged into could spark a culture of mortgage defaults and excessive borrowing, says influential think-tank.

24 Jul 2014 Read More

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