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Wage growth set to keep rates low

  •  21 Jul, 2014
Bank of England

Slow wage growth will keep the Bank of England from raising interest rates this year despite a run of strong economic data, according to an influential report.

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Inflation up but still below target

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'Inflation' written on chalkboard

Inflation rose sharply to 1.9% in June but is still enjoying its longest stretch at or below the Bank of England's 2% target for nine years, official figures showed on Tuesday.

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New Wonga chief vows major clean-up

  •  15 Jul, 2014
Empty pocket

The new chairman of controversial payday lender Wonga has promised to clean up the company and ditch its "puppet" advertising campaign as he admitted it had made "serious mistakes".

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Payday loan costs cut in crackdown

  •  15 Jul, 2014
Loan

The financial regulator has proposed a 0.8% per day cap on payday lending interest and fees.

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New building society to be launched

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Money in piggy bank

A new building society is to be launched, with a pledge to make it easier for generations within families to help each other financially.

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New ISAs allow more tax-free saving

  •  30 Jun, 2014
Piggy bank fifty pound note

Savers will be able to stash more of their cash away tax-free and have more flexibility over their pots when new "super-ISAs" come into being on Tuesday.

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M&S launches new current account

  •  15 May, 2014
UK money in coins and notes

Marks & Spencer stepped up competition in the banking sector on Thursday by launching its first "free" current account.

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Contactless payments top £100 million

  •  30 Apr, 2014
Contactless payment point

People's spending using contactless "tap and go" card payments has topped £100 million in a month for the first time, industry figures show.

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New scheme for long-term unemployed

  •  28 Apr, 2014
Job centre sign

People who have been unemployed for more than a year are to be subject to a range of new measures such as intensive coaching and community work.

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Consumer confidence 'hits new high'

  •  23 Apr, 2014
Shoppers out and about, spending money

Consumers' confidence in their financial situation is at its most positive level in over three years. Will we be splashing out more in months to come?

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