Credit news
Warning on packaged bank accounts
Bank accounts which charge fees for extra benefits may be being mis-sold, the Financial Services Authority has warned.
Standard Life enjoys profit boost
Insurance firm Standard Life reports better-than-expected profits and unveils plans for a further cost-cutting.
House price rises ‘to ease off’
Further rises in house prices may be held back by more properties coming onto the market, surveyors have said.
Mortgages ‘more easily available’
The number of mortgage deals on offer to borrowers rose by 6% in the past month, according to cashfacts.
Elgar £20 note to be phased out
The £20 note featuring composer Sir Edward Elgar is to be withdrawn from circulation by the Bank of England in June.
Retail sales rebound in February
Retail sales bounced back in February after a tough January on the High Street, the latest figures show.
Virgin Money to charge customers
Virgin cash says it will charge customers a fee for current accounts when the firm launches banking services later this year.
Metro Bank gets official go-ahead
A proposed new High Street bank, Metro Bank, has been given a banking licence by the Financial Services Authority.
Think-tank calls for VAT change
Politicians should consider imposing VAT on food, children’s clothes and household gas and electricity, a think-tank says.
Scottish and Southern cuts bills
Scottish and Southern Energy will cut its gas bills for domestic customers by 4% from 29 March, the company announces.
