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City

European bookings ‘largely unaffected’ by Ukraine conflict, says Tui

Holiday giant Tui has said bookings in Europe have been “largely unaffected” by the Russian invasion of Ukraine as it revealed summer demand is at 80% of pre-pandemic levels. The company said it has now “steered safely” through the impact of the ...

30 Mar 2022 at 14:55

Government pays out £62m to cover fraudulent loans, officials reveal

Banks have found that £850 million was borrowed by fraudsters from a Government-backed loan scheme that was launched during the pandemic. The British Business Bank said that while estimates of fraud range into the billions, the lenders ...

27 Apr 2022 at 17:55

Grade requirements for student loans ‘would be attack on working class learners’

Plans to consider minimum grade requirements for student loans are an “attack” on poorer pupils and “fly in the face of the levelling up agenda”, a university staff union has said. On Thursday, the Government unveiled its response to ...

24 Feb 2022 at 01:25

Pupils who fail GCSE English and maths ‘may be blocked’ from student loans

Pupils could be blocked from taking out student loans if they fail maths and English GCSEs, under Government plans aimed at tightening controls on higher education. The proposals, which are set to be published later this week before ...

23 Feb 2022 at 01:55

Student loan changes will hit lower earners hardest, experts warn

Changes to student loan payments will hit lower-earning graduates hardest, experts have warned. Ben Waltmann, senior research economist at the Institute for Fiscal Studies (IFS) said changes which will see graduates start paying ...

24 Feb 2022 at 15:55

City

Amigo could restart lending within year as court prepares to rule on proposals

Troubled lender Amigo could start lending again within a year if proposals to compensate customers for unaffordable loans are adopted this week. The City watchdog said that it would not oppose the proposals, due to be heard in ...

07 Mar 2022 at 09:25

Home

Kilkenny TD welcomes further Covid-19 Loan Scheme to help businesses

Fine Gael TD, John Paul Phelan, has welcomed low-cost loans of between €25,000 and €1.5 million to help businesses struggling in the wake of the COVID-19 pandemic. The loans are part of a scheme announced by Tánaiste and ...

04 Jul 2022 at 11:33

Business

New low cost Covid-19 Loan Scheme to help small businesses launched

The Tánaiste and Minister for Enterprise, Trade and Employment, Leo Varadkar , the Minister for Agriculture, Food and the Marine, Charlie Mc Conalogue , and the Minister for Finance Paschal Donohoe today announced a ...

04 Jul 2022 at 14:33

Personal Finance

Consumer Credit Act will be reformed ‘to keep pace with the modern world’

The Consumer Credit Act, which regulates credit card purchases and personal loans and dates back to the 1970s, is to be reformed to make it fit for modern life, the Government has announced. The move will cut costs ...

16 Jun 2022 at 14:33

Personal Finance

Loan-fee fraud warning as scammers prey on financially vulnerable

Scammers are looking to prey on financially vulnerable households seeking loans as living costs surge, the City regulator is warning. The Financial Conduct Authority (FCA) is receiving a growing number of calls ...

04 Aug 2022 at 12:45

HSBC profits from higher interest rates but says mortgages still ‘affordable’

City

HSBC sees profits jump on the back of higher interest rates

Banking giant HSBC has seen its quarterly profits jump as it raked in more income from rising interest rates, but said that mortgages remain affordable for most of its customers. The lender reported adjusted ...

25 Oct 2022 at 12:22

City

High-street banks will be ‘wary’ of loan defaults as mortgage rates surge

Britain’s biggest lenders will shed light on how well they are riding out the economic storm when they unveil their latest quarterly financial results next week. Lloyds Banking Group, NatWest Group, HSBC ...

21 Oct 2022 at 18:35

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