UK Money

MPs bid to save Human Rights Act

Prime Minister David Cameron's plans for a British Bill of Rights face cross-party opposition

Cross-party discussions have been launched to block David Cameron's bid to scrap the Human Rights Act, with potential Tory rebels being targeted to vote against its abolition.

Mortgage lenders in low rate battle

The Yorkshire Building Society has brought in a record low fixed-rate mortgage deal

The battle between mortgage lenders to offer ultra-low rates has intensified, with the launch of a two-year fixed-deal with the lowest rate that experts have ever seen.

Rents hit record high of £774

Private sector rents jumped by 4.6% in April compared with a year earlier

Private sector rents across England and Wales have leapt to a new all-time high of £774 a month on average, according to a buy-to-let index.

Most pay rises 'match RPI rate'

Pay rises of 2% are predicted for the rest of 2015, according to a report

Most pay rises this year have matched or been above the rate of inflation, with increases of 2% predicted for the rest of 2015, according to a new report.

Bank account switching tool hailed

Yorkshire Bank got the most click throughs among people using the midata tool

A new service which enables current account customers to see in pounds and pence exactly how much better off they could be by switching provider is showing early signs of helping to shake up competition.

Upturn predicted after lending fall

Experts expect mortgage lending to increase despite a lending fall in April

Mortgage lending fell back in April - but banks and building societies expect to see a modest recovery in the coming months amid an "extremely competitive" choice of cheap home loans being offered to borrowers.

Cashless payments 'most popular'

The emergence of new payment methods such as mobile and contactless payments have challenged the dominance of cash

Cashless payments have become more popular than transactions using coins and notes for the first time, figures from the Payments Council show.

Mixed picture on household finances

People working in finance and business services were the most upbeat about their financial wellbeing

The squeeze on household finances eased to its weakest level in more than six years this month but people are becoming more downbeat about their longer-term prospects, a report has found.

Interest rate decision 'unanimous'

The Bank of England, where the decision was taken to leave interest rates on hold at 0.5%

Bank of England policy makers voted unanimously to leave interest rates on hold this month but were divided over prospects for the recovery and the likelihood of when the subdued pace of wage growth would start to improve.

Mortgage rates plummet sharply

Banks and building societies have been launching a string of mortgage loans featuring the lowest rates they have ever offered

Mortgage rates have plummeted so sharply in recent months that a borrower looking to fix their rate for five years will typically be able to find one cheaper than the average two-year fixed rate a year ago, a financial website has found.

Third fall below poverty line in UK

The ONS records someone as being in poverty if they live in a household with disposable income below 60% of the national average, before housing costs

Almost a third (33%) of the UK population - 19.3 million people - fell below the official poverty line at some point between 2010 and 2013, according to figures released by the Office for National Statistics.

SSE loses 500,000 customer accounts

Energy giant SSE blamed 'increasingly challenging and highly competitive market conditions' for a decline in customer accounts

Energy supplier SSE said it has lost more than 500,000 customer accounts in the last year, despite its pledge to freeze bills until at least July 2016.

More people 'saving regularly'

Just over two-thirds (68%) of people have managed to save over the last year, according to the Lloyds Bank Savings Report

More people now feel able to put money into savings regularly, a report has found, in further signs that consumers' finances are improving.