All the updated news related to uk finance

All the news related to uk finance updated in real time

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Personal Finance

Squeezed household budgets ‘could put upward pressure on mortgage arrears’

The number of homeowners who are severely behind with their mortgage payments edged up towards the end of last year, figures from a trade association show. And, looking ahead, rising living costs and planned increases in National Insurance ...

10 Feb 2022 at 12:25

Train timetables slashed due to pandemic staff shortages

Hundreds of daily trains are being removed from timetables in an attempt to improve reliability following weeks of short notice cancellations. At least eight operators have either already reduced frequencies on many routes or will do so ...

31 Dec 2021 at 11:25

Former Big Issue seller now runs multi-million pound fashion firm

A former Big Issue vendor who now runs his own multi-million pound sustainable fashion firm has spoken about how his time selling the magazine helped him start his business. Philip Waltham sold the magazine for three years in ...

10 Jan 2022 at 01:25

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 ...

18 Aug 2022 at 11:55

Personal Finance

APP fraud losses jumped by 39% annually in 2021, says UK Finance

Fraud losses due to people being tricked into transferring money directly to criminals jumped by 39% year-on-year in 2021, according to figures from an industry trade body. Some £583.2 million was stolen through ...

29 Jun 2022 at 10:30

Personal Finance

Disposable income hit for homeowners with fixed mortgage deals about to expire

Homeowners coming off fixed-rate mortgages this year and shifting to a new deal can typically expect to see their disposable incomes shrink by 7%, analysis by a trade association suggests. The expected decrease ...

01 Jul 2022 at 15:48

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 ...

17 Aug 2022 at 12:54

Any mortgage rule changes ‘must deliver good outcomes for customers’

Careful consideration is needed to make sure any changes to mortgage lending rules deliver good outcomes for borrowers in the long term, according to a body representing financial firms. Downing Street ...

09 Jun 2022 at 13:39

Personal Finance

Some mortgaged households set to see 3% reduction in disposable income this year

The average household that took out a mortgage in 2021 faces a 3% reduction this year in the amount of disposable income it has left over after home loan, credit commitments and living costs, ...

08 Jun 2022 at 01:01

TUC new year message urges pay rise for workers

The Government is being urged to act on workers’ pay after a warning that real wages are barely set to increase over the next five years. In her new year message, TUC general secretary ...

30 Dec 2021 at 01:25

No imminent plans to slash energy bills, Downing Street says

Downing Street has suggested that there are not any imminent plans to help keep energy prices down for customers, as households face a potentially crippling price rise in less than ...

05 Jan 2022 at 18:55

Teachers’ union calls on Government to address ethnicity pay gap

Headteachers are calling on the Government to address pay disparities among ethnic groups, as campaigners observe Ethnicity Pay Gap Day. Headteachers’ union NAHT said teachers of ...

08 Jan 2022 at 01:25

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