June 2011

HS

Consumers will soon be able to get permanently free access to their credit report, which can tell them if they're likely to be accepted for a credit card, loan or mortgage.

Unemployment has fallen by 88,000, while the number of people in work has increased by a similar number, new figures show today.

Chancellor George Osborne is today expected to give approval to plans to force banks to erect a protective firewall between their retail and investment arms, in a bid to prevent a repeat of the financial crisis of 2008.

Debt management firms will have to provide consumers with clearer information on services and fees, under new guidance published today by the Office of Fair Trading (OFT).

Inflation remained unchanged in May but that still means the cost of living is rising at a rate of knots.

Lloyds Banking Group has said "sorry" for flogging worthless payment protection insurance (PPI) policies and promised a catalogue of measures to provide compensation for victims, in yet another sign of capitulation by banks.

Schools across the UK are being encouraged to offer financial education lessons with the launch of My Money Week and Teen Cash Class Activity Sheets.

An MP leading the charge to cap the cost of payday loans and other short-term lending says she will press for legislation in upcoming talks with the Treasury.

Barclays will pay in-full all of its customers' payment protection insurance (PPI) claims that were put on hold on or before 20 April.