UK Money

Birthday loan promotion banned

The Citizens Advice charity complained that an ad promoted a casual 'worry-free' attitude to taking out a short-term loan

An email from payday lender Pounds to Pocket has been banned for encouraging customers to use a short-term loan to fund birthday celebrations.

Benefit claimant letters 'unclear'

A new report examined those on Jobseeker's Allowance referred to a mandatory back to work scheme such as the Work Programme

Some vulnerable people are only finding out they have been stripped of unemployment benefits when their cards are refused at cash-points, according to a review which found inadequacies in official communications with claimants.

Home values 'rising £90 a day'

Research suggests homes across Britain typically added £90 to their value every day during the first half of 2014

Homes across Britain typically added £90 to their value every day during the first half of 2014 as the housing market gathered momentum, according to a property website.

Home sales 'highest since 2007'

Home sales have hit their highest level since 2007, figures suggest

Sales of UK homes reached their joint highest levels since 2007 in June, according to HM Revenue and Customs (HMRC) figures.

Student loans 'at tipping point'

The report suggests that the Government is already struggling to collect student loan debts

The student loans system is at "tipping point" due to Government miscalculations and problems with collecting repayments, a cross-party group of MPs has warned.

Tech goods 'more expensive in UK'

The Microsoft Xbox One costs £57 more in the UK than the US, according to Which?

UK consumers are getting a "raw deal" by paying significantly more for technology products than US shoppers, a watchdog has reported.

Osborne plays down benefit reports

Child benefit was means tested for the first time last year

Chancellor George Osborne has sought to play down reports that the Conservatives are backing plans to stop families claiming child benefit for more than four children.

House price growth forecast raised

House prices have fallen 0.8 per cent so far this month, figures show

Property website Rightmove has raised its forecast for annual house price growth in 2014, despite a fall in values this month for the first time this year.

Wage growth set to keep rates low

The Bank of England sets interest rates

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.

Osborne signals free pension advice

In total, 18 million people will be able to benefit from the changes to pensions should they wish to do so, the Treasury said

Millions of people will get free, impartial advice on how to make the most of their retirement savings under George Osborne's radical shake-up of the pension system.

Nationwide sorry over online delay

The outage affected online banking and mobile phone apps

Nationwide has apologised to its online and mobile banking app customers who could not use their accounts when maintenance work over-ran.

Pace of home loans growth 'softer'

Mortgage lending continues to be well above year-earlier levels

The pace of growth in mortgage lending remained subdued in June compared to the start of the year, figures from banks and building societies showed.

Big Four banks could face break-up

HSBC is among the banks facing a competition probe

Britain's competition watchdog said it would not rule out ordering a break-up of the "big four" banks as it set out plans for a full-scale inquiry which could result in a radical shake-up of the sector.

Lib Dems announce gender pay plans

Nick Clegg said the gender pay scheme would be included in the party's manifesto for next year's general election

All large companies would be required by law to reveal the gender pay gap between their male and female employees, under plans announced by Liberal Democrats designed to put pressure on them to move towards equality.

Seaside holidays 'alive and well'

Blackpool remains the UK's premier seaside resort

The seaside tourism industry in England and Wales has remained in good health despite economic pressures in the rest of the economy, according to a new study.