Money


Ex-minister seeks income tax rise

The basic rate of income tax should be raised to help cut Britain’s record deficit, a former minister said

4:53pm Tuesday 16th March 2010

The basic rate of income tax should be raised to help cut Britain's record deficit, a Labour former minister said.

Bank charge proposals branded weak

OFT suggests banks should offer opt-out overdraft facilities to customers

3:51pm Tuesday 16th March 2010

Consumer watchdog proposals to overhaul the future of UK bank charges have been slammed as "weak" and "pointless".

Bank offers strict overdraft limit

HSBC plans to launch a current account that does not allow customers to breach their overdraft limit

3:45pm Tuesday 16th March 2010

A high street bank has announced plans to launch a new type of current account that does not allow customers to breach their overdraft limit.

Home repossessions rise by 15%

New figures show 15% more people lost their homes during 2009

2:52pm Tuesday 16th March 2010

The number of people who lost their homes leapt by 15% during 2009, new figures have shown.

Cheque axe move 'to hit OAPs hard'

Elderly would be hit hard by the plans to end the use of cheques, charities warn

1:14pm Tuesday 16th March 2010

Consumer groups have urged banks to ensure there are workable alternatives in place before cheques are phased out.

Expat pensioners lose court battle

Britons who retired abroad could be in line for pension payments if an EU court rules in favour of a group of campaigners

12:13pm Tuesday 16th March 2010

Pensioners have lost the final round in a long-running battle for equal pension rights abroad.

Call for overdraft opt-out accounts

OFT suggests banks should offer opt-out overdraft facilities to customers

11:35am Tuesday 16th March 2010

Banks should offer customers accounts which allow them to "opt out" of overdraft facilities, the Office of Fair Trading (OFT) has said.

Council pay-offs 'unjustified'

A watchdog has called for much greater transparency about golden goodbye deals

12:42am Tuesday 16th March 2010

A third of town hall chiefs walk away with a golden goodbye worth hundreds of thousands of pounds, according to a survey by the local government spending watchdog.

House-hunters shun static market

Only 258 house-hunters registered with estate agents during February, research found

12:10am Tuesday 16th March 2010

The imbalance between supply and demand showed further signs of easing during February as potential new buyers stayed away from the housing market, research has shown.

Over-50s 'worst hit by redundancy'

TUC General Secretary Brendan Barber

12:10am Tuesday 16th March 2010

Older workers are languishing in the dole queue after losing their jobs in the recession and not being able to find new ones, a new report has warned.


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