Around 15,000 savers with the UK arm of stricken Cypriot bank Laiki will have their deposits protected under British rules and will escape the Cyprus banking levy, it was announced today.
Bank of Cyprus's UK customers won't have their accounts raided, the bank insists, following a bailout agreement which could mean Cypriot savers have their deposits taxed.
Tenants facing soaring rents are resorting to drastic measures such as using payday loans and dipping into their children's savings just to hang on to their homes, a charity warned today.
Britain's biggest building society is urging the Government to use next month's Budget to double the amount hard-pressed savers can place into cash Isas.