The latest Daily Mail Cost of Living Index reveals prices paid at the pumps are lagging behind the 55% fall in the value of crude oil. Diesel has come down by just 7% in a year.
The European Commission has launched an inquiry, following an official complaint from the European umbrella organisation for motoring groups, […]
It depends on whether you are regarded as an employee or as an agency worker. If it’s the latter you may end up with nothing.
If you’ve worked through an agency for the same employer for some time you may be classed as an employee, but you should take a close look at your contract.
If you […]
The two major markets, stock market and the property market have tumbled tremendously as a result of the financial crisis. Bank has adopted strict policies that have tightened the outgoing loans and it has aggravated the whole economy with its credit crunch. Most of the people’s 401K accounts have started shrinking and they are getting […]
As the level of compensation offered in Ireland is now higher than the UK, the vast majority of Irish banks are covered solely by the Irish system, not the UK’s Financial Services Compensation Scheme (FSCS).
Many savers are worried about this. Here Richard Dyson addresses the issue…
There are two Irish banks falling outside the UK’s FSCS: […]
Despite the ongoing stock market bedlam embattled investors appear be taking a more aggressive approach to investing in the next tax year.
Given that the Bank of England has continually been hacking away at the bank rate since last October, the sentiment should arrive with minimal surprise.
With interest rates now standing at a […]
The vast majority of firms say they have insufficient assets to meet their pension promises, with only 9% of companies still having a surplus.
The figures from the Pension Protection Fund, the body created to bail-out bankrupt pension schemes, revealed a ‘black hole’ of £219bn facing almost 7,800 final salary schemes.
This is up from £191bn […]
With the economy battered by the banking crisis, the Government announced in last year’s Pre-Budget Report that it would cut VAT from 17.5% to 15% in a bid to encourage spending. It came into effect on 1 December 2008 and lasts for 13 months, until 1 January 2009.
The move was predicted to save […]
While banking chiefs have come under the spotlight for the huge sums they are paid, the plight of rank and file bank staff who have lost much if not all of their savings, thanks to the spectacular collapse of the industry, has largely been overlooked.
Many banks encouraged their employees to buy […]
The society, which has 35 branches, also reined in lending dramatically last year as it decided to keep out of a rapidly deteriorating housing market. That saw net new lending almost halve from £1.35bn to £723m.
At the same time the amount it wrote down against likely bad loans among its customers jumped dramatically from […]
Simon Moon from This is Money replies: Bradford & Bingley was nationalised by the Government in late September 2008. Its savings and branch business was sold to Santander, the Spanish bank that owns Abbey and Alliance & Leicester. B&B’s mortgages and other business operations were taken into public ownership by the Treasury, which at the […]
© 2008 Daily Financial News