Poor management decisions and the last government's light-touch regulatory regime were key factors in the near-collapse of Royal Bank of Scotland (RBS), a long-awaited report by the City watchdog said today.
Labour MP Stella Creasy has stepped up her calls for a cap on the cost of short-term, high interest loans, as new figures reveal 3.5 million Britons expect to need a payday loan in the next six months.
Average house prices were only marginally lower last month than at the start of the year as the market remained stable throughout 2011, mortgage lender Halifax said today.
A Parliamentary debate on providing compulsory financial education in schools is scheduled to take place in the main chamber of the House of Commons on Thursday next week.
Lenders and estate agents say the Government could have helped first-time buyers by extending their stamp duty 'holiday' in yesterday's Autumn Budget Statement.
Chancellor George Osborne announced he will uprate some working age state benefits by the planned 5.2%, in line with September's Consumer Prices Index (CPI) inflation figure.
29 November 2011
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