A high street building society has offered customers some debt help by announcing that its mortgage rates are to be reduced. Nationwide has revealed that its base mortgage rate (BMR) will be cut by 0.3 per cent, down to 6.19…

Concerns have been raised that millions of low-income households face the misery of fuel debt as official inflation figures were released. Gas inflation rose to 49.9 per cent in September – up from 27.7 per cent in August – while…

A new campaign is being launched by Apacs, the UK payments association, in order to raise awareness about online fraud. As Christmas – a time when many rely on credit cards or internet shopping – approaches, the body is highlighting…

The Treasury has released details of a debt help package being made available to UK banks in order to support them through the turmoil in the financial markets. It is making capital investments in Royal Bank of Scotland and will…

Although the Bank of England’s decision to lower interest rates to 4.5 per cent will help flagging financial markets, more action is needed to stave off a recession, it has been claimed. Simon Rubinsohn, chief economist for the Royal Institution…

The new measures announced today by the Treasury and the Bank of England “could not have come soon enough”, it has been claimed. James Caldwell from the Fair Investment Company has hailed the package of support unveiled by chancellor Alistair…

Interest rates have been slashed by 0.5 per cent a day earlier than anticipated after a special meeting was held a by the Bank of England’s monetary policy committee (MPC). It is part of a coordinated plan of action along…

The Council of Mortgage Lenders (CML) has announced that it considers conditions in the financial sector to have “deteriorated sharply” over the past fortnight. It has called on the Bank of England to act on the country’s debt worries and…