The numbers are alarming. Next year’s government borrowing is expected to reach £118bn, or 8% of GDP, “the highest level in post-war history”, says Edmund Conway in The Daily Telegraph. Roughly £20bn of that was …
Britain’s small businesses gained some breathing space in the Pre-Budget Report. Chancellor Alistair Darling postponed a controversial corporation tax hike for 12 months, leaving it at 21% rather than 22%. Firms struggling to pay tax …
Does Alistair Darling’s 2.5% cut in your daily VAT bill make you feel like spending more money? Of course it doesn’t. 2.5% is neither here nor there when your energy bills are soaring and your …
“A huge victory for consumers” is how Peter Vicary-Smith, head of Which?, hailed the latest payment protection insurance (PPI) proposals from the Competition Commission. No wonder. As Thisismoney.co.uk notes, the “charge sheet against PPI” (which …
The amount of food we throw away increases by 80% at Christmas, according to the Waste and Resources Action Programme. “All of that food thrown away is simply money wasted,” says The Daily Telegraph, “so …
Back in July this year, I wrote that anyone with significant cash savings should take them to Northern Rock and pile them into the bank’s savings bonds – which, at the time, were offering to …
Christmas may seem an age away, but if you want to save money, now is the time to sort out your travel arrangements, says Melanie Wright in The Sunday Telegraph. To hunt for cheap bus …
There’s a silver lining to the financial turmoil, says Theresa Hunter in The Sunday Telegraph – lower tax bills. But don’t “bury your head in the sand” or you may remain oblivious to the fact …
Banks are nothing if not consistent. They never miss a chance to fleece you. They impoverished a generation of borrowers by selling them 100%-plus mortgages and six-times-salary deals. Next they loaded up on taxpayers’ money …
“The bank charges battle at the High Court could be derailed”, says Alan O’Sullivan on Thisismoney.co.uk. That would spell bad news for “the entire consumer campaign to win back between £20bn-30bn in unfair bank charges”. …