All the updated news related to uk finance

All the news related to uk finance updated in real time

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Spending on credit cards up a third amid cost-of-living crunch

Credit card spending has shot up by a third as more people turn to borrowing cash amid the cost-of-living crunch. UK credit card holders spent just under £20 billion in May, a 33% jump in the total spend compared to the same month last year, ...

17 Aug 2022 at 12:54

Cash use set to survive despite slump during pandemic – report

Cash may no longer be king but its rapid decline in use during the pandemic has at least eased, according to a report. Trade body UK Finance said many people were forced to use alternative ways of spending due to lockdowns and other Covid ...

18 Aug 2022 at 11:55

Personal Finance

Rise in repossessions is calm before the storm in mortgage market, warn experts

The number of homeowner property repossessions increased by 5% in the second quarter of this year compared with the first, according to a trade association. Some 630 mortgaged repossessions took place in the second quarter, UK Finance ...

11 Aug 2022 at 13:49

Personal Finance

Homeowner mortgage arrears remained low in first quarter of 2022

The number of homeowners in arrears with their mortgage remained low in the first quarter of this year – but rising bills will increasingly have an impact on households’ budgets, a trade association has said. Some 75,670 homeowner ...

19 May 2022 at 15:50

Personal Finance

Record 69% of debit card transactions in December were contactless

Nearly seven in 10 debit card transactions in December were contactless, as the proportion of “tap and go” payments hit record levels, according to a trade association. UK Finance said the proportion of card payments that were ...

16 Mar 2022 at 12:55

Personal Finance

£28,000 is lost to bank transfer scams every hour, says Which?

Around £28,000 is being lost every hour typically to scams where people are tricked into making bank transfers to fraudsters, according to Which? This is more than the average UK employee earns in a year, at £25,971, it said. ...

09 Mar 2022 at 01:25

What is behind the cost-of-living ‘crisis’ and what can we do to cope?

Households are already seeing significant rises in the cost of living starting to place serious strain on their budgets, and that’s before soaring energy prices and the National Insurance increase hit. What is causing the ...

06 Jan 2022 at 13:25

Manufacturing growth remains robust as signs point to easing supply chain woes

Britain’s manufacturing sector grew at a faster pace than first thought in December amid signs the supply chain crisis may be finally easing, according to new figures. The closely-followed IHS Markit/CIPS manufacturing ...

04 Jan 2022 at 12:25

Burger King launching vegan nuggets in aim to be 50% meat-free by 2030

Burger King is to launch vegan nuggets across the UK from Wednesday as part of a pledge to make its menu 50% meat-free by 2030. The fast food giant said the new nuggets will taste the same as the meat originals ...

04 Jan 2022 at 11:55

Households putting less money in savings and borrowing more on credit cards

Households are spending more on credit cards and putting less money into savings amid the cost of living squeeze. The Bank of England said net consumer credit borrowing totalled £1.2 billion in November 2021. ...

04 Jan 2022 at 11:55

Drivers slapped with more than 22,000 parking tickets every day

Drivers are being handed an average of more than 22,000 tickets every day by private parking firms, according to new research. Companies issued four million tickets to British motorists between April and ...

04 Jan 2022 at 10:25

Consumer spending jumps past pre-pandemic levels amid online boom

Consumer spending shot higher against pre-pandemic levels in 2021 as the boom in online shopping continued, according to figures. Barclaycard said consumer credit card spending rose by 5.9% in 2021 ...

31 Dec 2021 at 01:25

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