UK Money

Finance jargon 'puts off customers'

Only half of women said they understand what an Isa is for, compared with 56% of men

Banks and building societies are driving customers away by bombarding them with financial jargon, research carried out for Treasury-backed body NS&I has found.

Fewer firms freezing workers' pay

Over the past year the median pay award in the private sector was worth 2.1%

Fewer firms are freezing the pay of their workers, although median increases have remained at 2% in recent months, according to a new study.

Younger workers 'bear heavy burden'

Chris Leslie says young workers are bearing an increasingly heavy burden as a result of coalition measures

Workers under the age of 30 have been hit by a real-terms drop in weekly wages of around 10% under the coalition, analysis released by Labour shows.

Number of Neets falls by 20,000

The number of Neets in England was at the lowest level for nine years, the Department for Education said

The number of young people not in education, employment or training fell by 20,000 in the quarter to June to 955,000, new figures have shown.

John Lewis to cut down on free cake

John Lewis said it will be reducing the number of hot drink and cake vouchers it sends out to customers in the run-up to Christmas

John Lewis customers are to see the number of free cakes and hot drinks they receive as part of a loyalty scheme reduced in the run-up to Christmas.

'No recovery' for council staff

Public sector workers protesting about pay earlier this year

Council and school support workers feel "locked out" of the economic recovery as their pay continues to fall, forcing them to cut back on spending, according to new research.

First food spending drop recorded

New ONS figures show that spending in food stores has dropped for the first time in at least 25 years

Spending in food stores dropped in July for the first time in at least 25 years as the supermarket price war took effect, official figures showed today.

New housing starts rise by 18%

A total of 36,230 new houses were started between April and June - an 18% increase on the same period a year earlier

The number of house builds being started in England is up by around one fifth compared with a year ago, Government figures show.

Power firms 'must face licence axe'

Caroline Flint accused the Government of presiding over a 'broken energy market'

A Labour government would give a new energy regulator the power to revoke energy companies' licences to help protect the interests of the public, the party announced today.

Rail claim 'an insult to commuters'

Unions have questioned a minister's claims about the comfort of rail travel

Rail union leaders have voiced increasing anger over controversial comments by a government minister about how "comfortable" train travel is.

Strong July for mortgage lenders

Mortgages with a total estimated worth of £19.1 billion were advanced in July, the Council of Mortgage Lenders said

Mortgage lenders have reported that July was their strongest month since August 2008, in signs that activity remains "robust" despite new stricter rules being imposed over the way home loans are handed out.

Dissent makes rate rise more likely

Two members of the Bank of England's committee voted for a 0.25% rise

The prospect of an interest rate hike before the end of the year was reopened today as it was revealed that two members of the Bank of England's monetary policy committee (MPC) voted for a 0.25% rise this month.

Tax rebates for volunteers proposed

Volunteers who help maintain parks, allotments and cemeteries should get council tax rebates of up to £1,500, according to a new report

Council tax rebates of up to £1,500 should be introduced for volunteers who help maintain parks, allotments and cemeteries, a report has recommended.

Background noise 'can aid shoppers'

Study participants went through an online store while their perceptions of value, quality and emotional responses were measured while listening to various sounds

Radio pop music, football commentary and chatting are the background sounds found to help shoppers make the best buying decisions, according to a study.

'Frivolous' holiday loan ad banned

An ad for a loan company has been banned after it suggested using the funds to buy a Caribbean holiday.

An ad for a loan company has been banned for encouraging "frivolous" spending of borrowed money after it suggested using the funds to buy a Caribbean holiday.

Deadline looms for CPP payout claim

The deadline is looming for claims to be made

Millions of people who were mis-sold cover for bank and credit cards are at risk of missing out on redress as a deadline for claiming their money back looms near, consumer help website is warning.

Payment retry system to be extended

The payment retry scheme relates to "pre-notified" payments and covers standing orders, direct debits and bill payments

A scheme which helps people to avoid being hit with late payment charges on their current account is to be extended from September as more banks and building societies are brought on board.