You may recall that a few weeks ago I asked for feedback on RBS/Natwest’s MoneySense scheme, where advisors in the branches of these banks were specially trained to give impartial advice on a range of money issues.
Category: Featured
Recession Watch: Corus Redundancies
Update 25th June 2009 – Corus are cutting another 2,000 jobs across the U.K. – more details can be found on the BBC website. The following information relates to an annoucement of redundancies from January 2009. Corus are likely to announce a 10% cut in its U.K. workforce tomorrow morning (Monday 26th), meaning 2,500 jobs […]
Recession In Graphics
Can’t get enough of our basic explanation of important principles effecting our economy?
Then you might also be interested in the BBC’s Recession Tracker – there’s nothing like making essentially dull concepts slightly more bearable with a few graphs and colourful pictures.
Recession Watch: Recession Now Official
It looks like today could be the day that the U.K. economy officially enters a recession, when official data will confirm that we have had 2 consecutive quarters of negative growth, the standard recession definition.
Big Bonus For Northern Rock Staff
I’ve got very mixed feelings about the news that many Northern Rock staff will wake up to a big fat bonus in their bank accounts tomorrow morning.
Mortgage Overpayments Rising
Recent reports suggest that since interest rates have plummeted over the last few months, more and more people are wisely choosing to make overpayments on their mortgages.
Student Loans Getting Cheaper
There’s some good news for graduates who have student loans taken out since 1998 – interest rates charged on the loans are dropping thanks to the recent Bank of England rate cuts.
Online Self-Assesment Deadline: Act Now
January 31st is the deadline day for getting your tax self-assessment details back to the HMRC, if you’re unlucky enough to have to file your tax returns. But despite this date being the deadline for electronic returns (paper returns had to be in by 31st October 2008), you should apply before Wednesday 21st January to get the necessary passwords and activation codes, which are then sent to you via 20th century snail mail.
Our Child Tax Credit Nightmare
Both my partner and myself received fantastic letters from Her Majesty’s Revenue & Customs this morning, to notify us that they were stopping paying us the zero tax credits that they’ve been paying us for the last couple of years. Yes, that’s right, two letters to let us know we weren’t going to receive anything, when we already hadn’t been receiving anything for the last few years.
Further 2,100 Barclays Jobs To Go
Following on from yesterday’s announcement of 2,100 job losses worldwide, of which it now appears that 500 will be in the U.K., Barclays has announced another 2,100 job cuts, this time in its retail and commercial banking divisions, all of which will be from the U.K..