Interest rates may be cut by the Bank of England this week, several financial experts have predicted. In a poll of 12 analysts, seven stated that they expected the Bank’s monetary policy committee (MPC) to lower the central rate when…

Although the introduction of Chip and Pin has made life more difficult for fraudsters in Britain, overall card fraud losses have risen, new research has found. Figures released by Apacs, the UK payments association, show that total losses caused by…

Recent events surrounding the economic downturn have sent “shock waves” through the world, it has been claimed. The severity of happenings from the past few weeks was discussed by Charles Davis, an expert from the Centre for Economic and Business…

The Office of Fair Trading is launching an awareness campaign to highlight new rules that come into force this week governing door-to-door salespeople. It comes after concerns were raised by Citizens Advice about debt that could arise from people being…

The Association of Mortgage Intermediaries has published a new report entitled The Credit Crunch – One Year On. It predicts that there may be more bankruptcies within the industry, particularly for medium-sized firms that rely heavily on the purchase of…

Mortgage lender Bradford & Bingley (B&B) will be nationalised in a bid to save it from bankruptcy. The government will take control of the bank after it got into financial difficulties and share prices fell sharply last week. Its £50…

The Financial Services Authority (FSA) has fined a mortgage company for failings that resulted in borrowers facing higher debts. GE Money Home Lending was fined £1.12 million for practices that caused customers to be £2.3 million worse off. It is…

The effect of the collapse of US investment bank Lehman Brothers on the UK market will begin to show over the coming weeks, an expert has claimed. Mortgage specialist Darren Cook from Moneyfacts has claimed that the fallout from the…